Parker And Associates Logo
Civil litigation results

Legal Update - Buyer beware: assignment of full replacement insurance claims

Parker & Associates - Thursday, May 17, 2018

When selling their house, is a homeowner entitled to assign their ongoing insurance claim to the purchaser? Not for the full replacement value of their insurance policy and not without the insurer’s consent, according to the recent Court of Appeal decision of Xu & Diamantina Trust Limited v IAG New Zealand Limited [2018] NZCA 149 (11 May 2018).

Click here to read more.