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LLR: Insurance & Reinsurance

AVONSIDE HOLDINGS LTD v SOUTHERN RESPONSE EARTHQUAKE SERVICES LTD

[2015] Lloyd's Rep. IR 653

COURT OF APPEAL OF NEW ZEALAND

Before Justice STEVENS,Justice LANG,Justice CLIFFORD

Insurance (property) – Measure of indemnity – Assured entitled to sum equivalent to notional costs of rebuilding property – Calculation of rebuilding costs – Whether contingencies, professional fees and external works to be included in calculating rebuilding costs.

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