Aviation insurance: measure of indemnity

Sir Andrew Smith, sitting as a Justice of the Abu Dhabi Court of First Instance in Global Private Investments RSC Ltd v Global Aerospace Underwriting Managers Ltd and Others [2021] ADGMCFI 0008, considered the measure of indemnity under a valued policy on an aircraft. The key question was whether the sum insured included diminution in the value of the repaired subject matter.

Global Private Investments : the facts