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TOWER INSURANCE LTD v DOMENICO TRUSTEE LTD

LLR: Insurance & Reinsurance Plus

TOWER INSURANCE LTD v DOMENICO TRUSTEE LTD

[2016] Lloyd's Rep. IR Plus 10

NEW ZEALAND COURT OF APPEAL

Before Justice Randerson, Justice Heath and Justice Collins

Insurance (buildings) - Insurers having right to elect to rebuild or pay indemnity value - Whether election had been made - Consequences of failure to elect within a reasonable time - Whether court permitted to exercise election for the insurers.

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