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court case in bama
The investigation also revealed that Dempsey had substantial debts at the time of the fire, including a $115,000 note secured by a second mortgage on his home. L.V. Dean, president of the bank where Dempsey was employed, held the note. Auto Owners paid the Dempsey's first mortgage of $46,000, leaving approximately $96,000 of additional liability on the claim. In order to satisfy the remainder of the claim, Auto Owners offered to purchase Dean's $115,000 note. If the note could be purchased, Auto Owners would have paid the policy limits and the Dempseys would owe Auto Owners $19,000 (the difference between $115,000 and $96,000). In a further effort to "satisfy" the Dempsey's claim, Auto Owners hired a hitchhiker for $340 that its agents met along a highway near Eufaula. The hitchhiker was hired to "dig up" information on Dempsey. When the hitchhiker's investigation proved fruitless, Auto Owners sought to retrieve its $340.
The investigation also revealed that Dempsey had substantial debts at the time of the fire, including a $115,000 note secured by a second mortgage on his home. L.V. Dean, president of the bank where Dempsey was employed, held the note. Auto Owners paid the Dempsey's first mortgage of $46,000, leaving approximately $96,000 of additional liability on the claim. In order to satisfy the remainder of the claim, Auto Owners offered to purchase Dean's $115,000 note. If the note could be purchased, Auto Owners would have paid the policy limits and the Dempseys would owe Auto Owners $19,000 (the difference between $115,000 and $96,000). In a further effort to "satisfy" the Dempsey's claim, Auto Owners hired a hitchhiker for $340 that its agents met along a highway near Eufaula. The hitchhiker was hired to "dig up" information on Dempsey. When the hitchhiker's investigation proved fruitless, Auto Owners sought to retrieve its $340.
