World Finance Group, LLC v. Progressive Select Insurance Company
A lienholder named on the declarations page sued Progressive after the insurer paid a non-total-loss claim directly to its insureds, who pocketed the $149,000 instead of repairing the Ferrari or paying off the loan. The Third DCA held the policy's Loss Payable Clause unambiguously obligated Progressive to protect the lienholder's interest regardless of whether the loss was total, rejecting the insurer's reading that the 'however' sentence (permitting payment to the insured and repairer in non-total-loss cases) eliminated that duty. Summary judgment for Progressive was reversed with instructions to enter judgment for the lienholder.
Key facts
- World Finance Group, a lienholder named on a Ferrari insurance policy's declarations page, sued Progressive after Progressive paid a $149,000 non-total-loss claim directly to the insureds, who kept the money instead of repairing the vehicle or paying off the loan.
- Progressive moved for summary judgment arguing its policy's Loss Payable Clause only required it to protect the lienholder's interest in total-loss situations, not partial losses; World Finance Group cross-moved for summary judgment on the contract interpretation issue.
- +2 more key facts with a free trial
Why it matters
The opinion gives lienholders and secured auto/equipment lenders a clear textual basis to pursue first-party breach-of-contract claims against insurers that pay repair-level claims directly to insureds without… — full analysis with a trial
Read the full opinion, holdings & search — free for 30 days
The full opinion PDF, the rules the court applied, our significance analysis, the background facts, and full-text search across every tracked Florida decision — in your hands.
- Search every tracked Florida decision in seconds
- Save, tag & file the cases that matter into your own library
- Read the full plain-English analysis and holdings
Not ready to sign up? Get the free Friday digest — the week's key Florida decisions by email, no login required.
Florida Court Tracker provides summaries of publicly available court opinions for informational and research purposes only. This is not legal advice and does not create an attorney–client relationship. Always verify holdings against the official opinion.