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LLR: Insurance & Reinsurance

ISLINGTON PARK LTD v ACE INSURANCE LTD AND OTHERS

[2015] Lloyd's Rep. IR 90

COURT OF APPEAL OF NEW ZEALAND

Before Justice WHITE,Justice FRENCH,Justice MILLER

Insurance (property) – Measure of indemnity – Deemed total loss where estimated cost of repair exceeded 80 per cent of agreed value – Meaning of “estimated cost of repair”.

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