Attorneys obtained summary judgment in favor of a insurance company in a case where the insured contested application of a co-insurance penalty

Attorneys obtained summary judgment in favor of a insurance company in a case where the insured contested application of a co-insurance penalty. The insurance policy required that the auto dealer report vehicles on a monthly basis to determine those vehicles falling within the coverage. The insured had selected "non-reporting" coverage for purposes of the amount of physical damage coverage. Following a hail storm loss causing a large sum of damages , the insured objected when the insurance carrier applied the co-insurance penalty because the value of the reported vehicles was significantly higher than the insured value. The court upheld application of the co-insurance penalty, finding the insurance policy clear and unambiguous, and rejecting an argument that enforcement of the co-insurance penalty was against the reasonable expectations of the insured.