Reel Deal Holdings, LLC v. Grinnell Mutual Resininsurance Co.
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| Case Name: | Reel Deal Holdings, LLC v. Grinnell Mutual Resininsurance Co. |
| Case Number: | LACV152258 |
| Date of Trial: | 02/16/2026 |  | Venue: | Black Hawk County |
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| Casetype/Claims: | CIVIL LAW - CONTRACT/COMMERCIAL - OTHER |
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| Judge: | David F. Staudt |
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| Plaintiff's Counsel: | Benjamin Barmore, Scott Hunziker, Keith Andrew Harvat | | Defendant's Counsel: | Karla J Shea |
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| Verdict: | For Plaintiff
A. Grinnell Mutual failed to comply with the terms and conditions of the insurance policy it sold to Reel Deal Holdings LLC.
B. Including a reduction for depreciation, Grinnell Mutual should have paid $378,769.88 under the policy for damage to 900 Technology Parkway, Cedar Falls, Iowa, caused by the June 25, 2023 storm.
C. Including a reduction for depreciation, Grinnell Mutual should have paid $357,328.13 under the policy for damage to 6612 Chancellor Dr., Cedar Falls, Iowa, caused by the June 25, 2023 storm.
Damages: $736,098.01 + Court Costs
TOTAL DAMAGES: $ 736,098.01 + Court Costs |
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| Demand Before Trial: | $75,000 |
| Offer Before Trial: | |
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Statement of Case:
In this case plaintiff, Reel Deal Holdings, LLC (Reel Deal) claims the following: (1) Reel Deal entered into a Policy of insurance (the Policy) with the Defendant Grinnell Mutual Reinsurance Company, (Grinnell) to insure two commercial properties (the properties) located in Cedar Falls, Iowa, at 6612 Chancellor Drive and 900 Technology Parkway. (2) On June 25, 2023, while the policy was in full force and effect, the Properties sustained direct, physical loss resulting from a wind and hail storm. (3) Reel Deal made a timely claim for damages, pursuant to the Policy it purchased from Grinnell. (4) Despite the existence of identified damage from a covered peril during its Policy period, Grinnell issues a denial letter to Reel Deal, claiming that any damage to the commercial properties occurred prior to the issuance of the Policy. (5) In denying the coverage, Grinnell breached the Policy it sold to Reel Deal, which now seeks the costs of repair to the damaged commercial properties as damages through the present lawsuit. The defendant claims: (1) That the storm of June 25, 2024, did not damage the properties. |
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| Injuries alleged: | |
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| Official Jury Verdict Form: |
 01071__LACV152258_CVVD_4029905.pdf |
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Documents of interest:
(when available) |  01071__LACV152258_INST_4029903.pdf |
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