Manley v. Automobile Insurance Co. of Hartford

OPINION

in which ALAN E. HIGHERS, J. and HOLLY M. KIRBY, J., joined.

This appeal arises from a claim for homeowner’s insurance benefits. In 1998, a tornado damaged a home in East Nashville. The owner of the home held an insurance policy that provided coverage for guaranteed replacement cost above the policy limit, once repairs had been completed. After the insurer had paid the owner the actual cash value of the damage, the owner sold the home to the plaintiff for $80,000. Along with the sale, the owner assigned to the plaintiff the rights to any claims or proceeds under the insurance policy.…