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AMERICAN HONDA FINANCE CORPORATION v. PROGRESSIVE CASUALTY INSURANCE COMPANY

290 A.D.2d 850 (2002)

736 N.Y.S.2d 517

AMERICAN HONDA FINANCE CORPORATION, Respondent, v. PROGRESSIVE CASUALTY INSURANCE COMPANY, Appellant.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided January 24, 2002.

Peters, J.

In August 1998, Juan Perez and Ruben Moreno leased a 1998 Honda Accord from plaintiff. By the terms of the lease agreement, Perez and Moreno were required to maintain an insurance policy which insured against, inter alia, collision, theft and comprehensive loss and name plaintiff as an additional loss payee. Perez obtained the requisite policy from defendant which provided as follows:

"Payment for damage...

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