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GUARANTY NAT. INS. CO. v. PACHIVAS

No. 83-2635.

458 So.2d 306 (1984)

GUARANTY NATIONAL INSURANCE COMPANY, Appellant, v. John PACHIVAS, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied October 2, 1984.

Attorney(s) appearing for the Case

Lanza, Sevier, Womack & O'Connor and James C. Kelley, Coral Gables, for appellant.

Lawrence & Daniels and Adam H. Lawrence, Kaplan & Hodin, Miami, for appellee.

Before FERGUSON and JORGENSON, JJ., and WILLIAM A. NORRIS, Jr., Associate Judge.

WILLIAM A. NORRIS, Jr., Associate Judge.

Appellee sued appellant, and others, to recover on a $60,000.00 stated-value insurance policy issued to appellee on May 21, 1981, to cover a restored 1970 Porsche automobile. The 1970 Porsche was rendered a total loss in an accident on November 8, 1981. A $7,500.00 offer of settlement was made by appellant in January, 1982. Appellee rejected the offer and suit was filed seeking compensatory and punitive damages. Thereafter...

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