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FLORIDA EAST COAST PROP., INC. v. TIFCO, INC.

No. 89-278.

556 So.2d 750 (1989)

FLORIDA EAST COAST PROPERTIES, INC., Appellant, v. TIFCO, INC., Appellee.

District Court of Appeal of Florida, Third District.

October 17, 1989.

Attorney(s) appearing for the Case

Simon, Schindler & Sandberg and Roger Schindler, Miami, for appellant.

Hickey & Jones and John H. Hickey, Miami, for appellee.

Before BASKIN, FERGUSON and COPE, JJ.

PER CURIAM.

Florida East Coast Properties, Inc. ("FECP") appeals a summary final judgment in favor of Tifco, Inc. on Tifco's claim for unpaid installments under an insurance premium financing agreement. We affirm.

FECP obtained insurance for various of its properties through a broker. The broker quoted a premium of $1.1 million for one year's coverage. The broker also arranged premium financing through Tifco. Under this arrangement, FECP advanced one-fourth...

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