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COMMUNITY BANK OF HOMESTEAD v. AMERICAN STATES INSURANCE COMPANY

No. 87-780.

524 So.2d 1154 (1988)

COMMUNITY BANK OF HOMESTEAD, a Florida Corporation, Appellant, v. AMERICAN STATES INSURANCE COMPANY, Appellee.

District Court of Appeal of Florida, Third District.

May 17, 1988.

Attorney(s) appearing for the Case

Horton, Perse & Ginsberg and Edward A. Perse, and John R. Sutton, Miami, for appellant.

Stuart & Walker and Paul S. Stuart, Ft. Lauderdale, for appellee.

Before SCHWARTZ, C.J., and NESBITT and JORGENSON, JJ.

PER CURIAM.

Community Bank of Homestead appeals from a final summary judgment. We reverse.

Stanley R. Bateman obtained a loan from the bank to purchase an airplane. The aircraft became collateral for the loan. The bank required Bateman to insure the aircraft and make it the loss payee under the terms of the insurance policy. The policy that was ultimately issued named Bateman as the insured and the bank as having an "additional interest" under certain provisions...

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