News

In this article we provide a detailed analysis of the UK Supreme Court decision and how in reality it dealt with the “pervasive” argument and how the Orient Express Hotel decision was more or less overruled.

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.

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.

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.

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.

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