Court of Appeal upholds earlier decision on the appropriate measure of indemnity

In Endurance Corporate Capital Ltd v Sartex Quilts & Textiles Ltd [2020] EWCA Civ 308, the Court of Appeal upheld the earlier finding of the Commercial Court and confirmed that the insured was entitled to an indemnity measured on a reinstatement basis (ie the cost of repairing the damaged buildings following a fire causing serious damage to both property and machinery) rather than that of market value.

In an article for Lexis PSL, Nicola Maher, partner at Edwin Coe, discusses the decision. (Subscription required)

Law360 also reports on this matter in ‘Insurer Loses Appeal Over Cost To Rebuild Fire-Hit Factory’ which can be read here.

Edwin Coe acted for Sartex Quilts & Textiles Ltd in this matter.