Guidance on reinstatement conditions from UK Court of Appeal
/Great Lakes Reinsurance (UK) SE v Western Trading Ltd [2016] EWCA Civ 1003
The decision considered the enforceability of clauses in an insurance policy that made payment of reinstatement costs conditional on the insured first incurring these costs itself, and commencing work in a reasonable time. Also considered was the position where it is unclear if the insured genuinely intends to reinstate the damaged property.
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