Court find Insurance policy did not account for EQC contribution

01 August 2013

Court Decisions , Insurance Law

In Body Corporate 398983 v Zurich Australian Insurance Ltd the HC considered the insurance contract and on the interpretation of that contract found that the plaintiff’s insurance policy did not account for EQC payments in the amount insured.  The plaintiff’s are entitled to recover the amount insured ($12.95m) and the EQC payment ($6.8m).