11 Jul 2013
MARCHAND & ORS v JACKSON & ANOR [2013] NZHC 1752
- Citation
- [2013] NZHC 1752
- Court
- High Court
Defendant breached contractual duty by failing to obtain the NZI Echelon Home policy; on the balance of probabilities that policy would have been obtained but capped to the insurance valuation, which was fixed at $2,525,756 in July 2009 and $2,626,786 in September 2010; excluded items (marble chips, shingle) are not covered, the pump house is covered, and the defendant is liable for the agreed total of $2,686,779 (including a provisional $15,000 sustainability upgrade payable on production of receipts); no pre-judgment interest awarded, interest on the principal runs from date of judgment and…