Bullard v. Creative Leasing, Inc.

This is an appeal from a deficiency judgment entered against Judy A. Bullard in favor of Creative Leasing, Inc. (Creative).

The record reveals that Bullard entered a lease agreement for a 1987 vehicle in November 1987. Pursuant to the terms of the lease, Bullard was required to obtain insurance on the vehicle, covering such perils as liability, collision, etc. The insurance certificate reflects that the maximum liability coverage provided by Bullard's insurance policy was $15,000, subject to a $500 deductible.

In October 1989, the vehicle was destroyed by a fire. After subtracting the…