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HONAKER v. FARMERS MUTUAL INSURANCE COMPANY

313 A.2d 900 (1973)

Bernard E. HONAKER, Jr. and Cynthia S. Honaker, his wife, Plaintiffs, v. FARMERS MUTUAL INSURANCE COMPANY et al., Defendants.

Superior Court of Delaware, New Castle.

November 5, 1973.

Attorney(s) appearing for the Case

Clement C. Wood, of Allmond & Wood, Wilmington, for plaintiffs.

Roger P. Sanders, of Prickett, Ward, Burt & Sanders, Wilmington, for defendant Peoples.

OPINION ON DEFENDANT PEOPLES' MOTION FOR SUMMARY JUDGMENT

TAYLOR, Judge.

Plaintiffs obtained a mortgage loan on their property from defendant Peoples Bond and Mortgage Company [Peoples]. The mortgage required plaintiffs to maintain insurance coverage on the property in an amount sufficient to cover the mortgage. In addition, the mortgage required plaintiffs to pay to Peoples monthly payments sufficient to pay the premium for the insurance coverage when the...

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