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“Insurance Times” article dealing with reinstatement payouts.
10/12/2020

In this article we outline the position in relation to Great Lakes -v- Western Trading (2016) and the Sartex Quilts & Textiles -v- Endurance Corporate Capital is referred to in the Insurance Times.  We outline how the insured’s intentions are paramount and how in reality “payouts” are controlled and dictated by the terms of the Policy conditions, more particularly the Reinstatement Memorandum.

Consumer Insurance Contracts Act 2019
08/09/2020

Over a number of years Insurers had retained arbitrary amounts (see previous articles on this website) and due to pressure from various concerns, eventually incorporated conditions in their Policy whereby the specified amount was outlined as a term and condition.

Celtic Tiger Construction Costs
09/10/2018

Recent figures suggest that we are approaching “Celtic Tiger” levels of construction costs. Sum insured levels need to be reviewed accordingly to avoid penalties or proportional reductions for under-insurance.

RIAI Clause 26 and its implications
19/04/2018

If you have a fire in your home and you need to vacate for a period in excess of 35 days, cover will be restricted under your Policy.

Insurer claims service still lags behind SME customer expectations
27/09/2017

Lorega Limited is a UK Chartered Loss Adjusting company which offers a claims presentation and negotiation service to brokers and commercial concerns.

Great Lakes Reinsurance (UK) v Western Trading Limited – UK Court of Appeal 2016
16/03/2017

As part of our “Technical” updates I would like to bring your attention to a very important Court of Appeal case in the UK involving “reinstatement” under a Commercial Property Policy.

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