Former Olympic rower heads to court over Christchurch insurance policy
QBE Insurance (International) is heading to the Christchurch High Court to defend its policies with automatic reinstatement provisions.
In a judgment before trial, Justice John Fogarty ruled the full sum of an insurance policy should be available after each insurable event if a policy includes a reinstatement clause.
Typically, policies set maximum payouts for the duration of the contract. However, some include an automatic reinstatement clause, which allows the liability limit to reload for new unrelated claims.