Eagle Boats, Ltd. v. Continental Insurance Co. Marine Office of America

CRANE, Presiding Judge.

Plaintiffs, a boat manufacturer and its corporate president, brought an action against defendant insurer to recover damages for breach of a boat dealers policy of insurance and vexatious refusal to pay. Plaintiffs had sought coverage for losses sustained when a customer’s boat was stolen while plaintiffs were transporting it to another town to be photographed for a magazine article. We affirm the trial court’s entry of summary judgment in insurer’s favor because, at the time the boat was stolen, it was not “entrusted to the insured for sale” as that phrase is used in…