16 Dec 2014
CERTAIN UNDERWRITERS AT LLOYDS OF LONDON v CRYSTAL IMPORTS LIMITED [2014] NZSC 186
- Citation
- [2014] NZSC 186
- Court
- Supreme Court
Leave to appeal was refused because the Court of Appeal and High Court reached orthodox interpretations of the specific policy wording: the RSI clause reinstates cover from the date of the loss event (with notices cancelling reinstatement operating prospectively) and the average clause valuation reflects the basis of recovery elected by the insured; no point of principle or miscarriage of justice justified further appeal.