Last year insurers issued statements about dates on which they would rely on a defence under the Limitation Act(s) that require court proceedings to be brought within 6 years on which a homeowner could first sue otherwise the claim is no longer enforceable. Those dates are fast approaching. AA, Vero, FMG, MAS, and the IAG brands agreed not to plead a limitation defence for any residential earthquake damage claim where proceedings are filed in Court before 4 September 2017. Southern Response will not rely on a limitation defence until 4 September 2018. If an insured does not sue before these dates the claim dies. This includes claims that are under […]
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