American Economy Insurance Company v. Scott Sepic, Page Sepic, and Vesta Denver, LLC

CourtDistrict Court, D. Colorado
DecidedJune 8, 2026
Docket1:24-cv-01673
StatusUnknown

This text of American Economy Insurance Company v. Scott Sepic, Page Sepic, and Vesta Denver, LLC (American Economy Insurance Company v. Scott Sepic, Page Sepic, and Vesta Denver, LLC) is published on Counsel Stack Legal Research, covering District Court, D. Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
American Economy Insurance Company v. Scott Sepic, Page Sepic, and Vesta Denver, LLC, (D. Colo. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO Judge Nina Y. Wang

Civil Action No. 24-cv-01673-NYW-CYC

AMERICAN ECONOMY INSURANCE COMPANY,

Plaintiff/Counterclaim Defendant,

v.

SCOTT SEPIC, PAGE SEPIC, and VESTA DENVER, LLC,

Defendants/Counterclaim Plaintiffs.

MEMORANDUM OPINION AND ORDER

This matter comes before the Court on Plaintiff’s Motion for Summary Judgment. [Doc. 69]. The Court has reviewed the Motion and concludes that oral argument would not materially assist in its resolution. For the reasons explained in this Order, the Motion for Summary Judgment is GRANTED in part and RESERVED in part. BACKGROUND Plaintiff American Economy Insurance Company (“Plaintiff” or “American Economy”) issued a homeowners’ insurance policy (the “Policy”) to Scott Sepic, Page Sepic, and Vesta Denver, LLC (collectively, “Defendants” or the “Sepics”). [Doc. 1 at ¶ 11]. After a fire, the Sepics “demanded [insurance] coverage from Plaintiff for the damage to” the property. [Id. at ¶¶ 36, 39]. American Economy denies that coverage exists, so it filed this declaratory judgment suit on June 14, 2024, seeking inter alia a declaration that “no coverage is available under the Policy for any damage to the [home] as a result of the . . . fire.” [Id. at ¶ 47]. The Sepics then asserted counterclaims for breach of contract, bad faith breach of an insurance contract, and unreasonable delay or denial of insurance benefits. [Doc. 15 at ¶¶ 92–109]. Relevant here, they allege that American Economy breached the Policy by “denying coverage and refusing to pay benefits for covered damage, including but not

limited to dwelling, personal property, and additional living expense benefits.” [Id. at ¶ 94]. They also allege that American Economy breached its duty of good faith and fair dealing by, inter alia, “[f]ailing to conduct a prompt and thorough investigation of coverage based upon all available information” and “[m]isrepresenting pertinent facts and insurance policy provisions relating to coverage.” [Id. at ¶ 99]. During the early stages of discovery, Defendants moved for partial summary judgment in their favor on Plaintiff’s declaratory judgment claim and some of Plaintiff’s affirmative defenses to their counterclaims. [Doc. 38]. This Court largely denied that motion, but granted summary judgment in Defendants’ favor on some of Plaintiff’s affirmative defenses. [Doc. 68].

On October 15, 2025, Plaintiff filed its Motion for Summary Judgment, seeking judgment in its favor on its declaratory judgment claim and all of Defendants’ counterclaims. [Doc. 69]. The Motion is fully briefed and ready for resolution. LEGAL STANDARD Summary judgment is appropriate “if the movant shows that there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law.” Fed. R. Civ. P. 56(a). “A dispute is genuine if there is sufficient evidence so that a rational trier of fact could resolve the issue either way. A fact is material if under the substantive law it is essential to the proper disposition of the claim.” Crowe v. ADT Sec. Servs., Inc., 649 F.3d 1189, 1194 (10th Cir. 2011) (cleaned up). At summary judgment, a movant that does not bear the ultimate burden of persuasion at trial does not need to disprove the other party’s claim; rather, the movant

must only point the Court to a lack of evidence for the other party on an essential element of that party’s claim. Adler v. Wal-Mart Stores, Inc., 144 F.3d 664, 671 (10th Cir. 1998). Once this movant has met its initial burden, the burden then shifts to the nonmoving party to “set forth specific facts showing that there is a genuine issue for trial.” Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 250 (1986). When considering the evidence in the record, the Court cannot and does not weigh the evidence or determine the credibility of witnesses. See Fogarty v. Gallegos, 523 F.3d 1147, 1165 (10th Cir. 2008). At all times, the Court views the record in the light most favorable to the nonmoving party. Banner Bank v. First Am. Title Ins. Co., 916 F.3d 1323, 1326 (10th Cir. 2019).

UNDISPUTED MATERIAL FACTS The following undisputed material facts are drawn from the summary judgment record: 1. American Economy issued a homeowners’ insurance policy (the “Policy”) to Defendants that was in effect at all relevant times. [Doc. 69 at ¶ 1; Doc. 80 at 2; Doc. 69-1]. 2. The Policy provides that American Economy “will pay claims and provide coverage as described in this policy if you pay your premiums when due, comply with all applicable provisions outlined in this policy, and inform us of any change in title, use, or occupancy of the residence premises.” [Doc. 69 at ¶ 2; Doc. 80 at 2; Doc. 69-1 at 29]. 3. The Policy provides coverage for “accidental direct physical loss to property described in Building Property We Cover except as limited or excluded.” [Doc. 69 at ¶ 4;

Doc. 80 at 2; Doc. 69-1 at 32]. 4. Under the Policy, “Building Property We Cover” includes: 1. the dwelling on the residence premises shown in your Policy Declarations used principally as a private residence, including structures attached to the dwelling other than fences, driveways or walkways;

2. attached carpeting, built-in appliances, fixtures; and

3. materials and supplies located on or next to the residence premises used to construct, alter or repair the dwelling or other structures on the residence premises.

[Doc. 69 at ¶ 5; Doc. 80 at 2; Doc. 69-1 at 32]. 5. The Policy defines “residence premises” as (1) the one, two, three or four family dwelling, used principally as a private residence;

(2) other structures and grounds; or

(3) that part of any other building;

where you reside and which is shown in your Policy Declarations.

[Doc. 69 at ¶ 7; Doc. 80 at 2; Doc. 69-1 at 31]. 6. The Policy Declarations list the “Insured Location” as 3500 Belcaro Drive, Denver, Colorado 80209-4917. [Doc. 69 at ¶ 9; Doc. 80 at 2; Doc. 69-1 at 11]. 7. The Sepics never moved into the house on Belcaro Drive (the “Belcaro Drive Home”) and never slept there. [Doc. 69 at ¶ 11; Doc. 80 at 3; Doc. 69-2 at 18:5– 21, 20:21–21:3; Doc. 69-3 at 40:13–25]. 8. In December 2020, Defendants demolished the Belcaro Drive Home. [Doc.

69 at ¶ 14; Doc. 80 at 2; Doc. 69-2 at 50:3–10; Doc. 69-3 at 17:13–15]. 9. From December 2020 through December 2023, the Sepics did not tell American Economy that they demolished the Belcaro Drive Home. [Doc. 69 at ¶ 15; Doc. 80 at 3; Doc. 69-3 at 17:16–23]. 10. The Sepics began building a new home on the same lot, with a new address: 800 South Madison (the “Madison Street Home”). [Doc. 80 at ¶ 14; Doc. 91 at 3; Doc. 38-3 at ¶ 12; Doc. 38-6 at 1; Doc. 38-7 at 2]. 11. Page Sepic was present at the Madison Street Home approximately once per week “to see what [was happening]” and to provide input on design. [Doc. 69 at ¶ 17; Doc. 80 at 2; Doc. 69-2 at 27:23–28:14].

12. Scott Sepic was present at the Madison Street Home four to five times per week to coordinate with contractors and to make sure “everything was built to a high-level quality and to the exact specifications of [the Sepics’] drawings.” [Doc. 69 at ¶ 18; Doc. 80 at 2; Doc. 69-3 at 47:3–48:18]. 13. The Sepics never stayed the night at the Madison Street Home. [Doc. 69 at ¶ 20; Doc. 80 at 2; Doc. 69-3 at 12:21–25]. 14.

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American Economy Insurance Company v. Scott Sepic, Page Sepic, and Vesta Denver, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-economy-insurance-company-v-scott-sepic-page-sepic-and-vesta-cod-2026.