Guidance on reinstatement conditions from UK Court of Appeal

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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