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Insurers can appeal order to pay retired couple almost $500,000 for botched quake repairs

Insurers can appeal order to pay retired couple almost $500,000 for botched quake repairs
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Couple whose quake repairs were botched won't get interest on damages

Couple whose quake repairs were botched won't get interest on damages
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Earthquake Claim Win By Elderly ChCh Couple Soured By Insurer IAG Appealing Costs

Earthquake Claim Win By Elderly ChCh Couple Soured By Insurer IAG Appealing Costs
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An elderly Christchurch couple is upset - insurer IAG plans to appeal a court judgement - awarding them nearly 400-thousand dollars - 29-Apr-2021

An elderly Christchurch couple is upset - insurer IAG plans to appeal a court judgement - awarding them nearly 400-thousand dollars An elderly Christchurch couple is upset - insurer IAG plans to appeal a court judgement - awarding them nearly 400-thousand dollars 29 April 2021 Alan and Joan Sleight won a landmark High Court case in October, after years of battling faulty home repairs made after the Christchurch quakes. The couple s son-in-law, Nigel Maxey - says IAG s dragging out the process by appealing the judgement - it must pay INTEREST on the costs He says it s taking its toll on the couple who are in their eighties.

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Couple's half-million dollar win over insurers IAG may be bittersweet

The sum includes more than $200,000 for experts’ reports and evidence, $177,000 for legal costs, and five year’s worth of interest calculated at five per cent a year. However, the couple’s son-in-law, Nigel Maxey, said they had been told that IAG would appeal against the interest component of the award. “We’ll need to make another yet court appearance, so it’s increasing our legal costs again,” Maxey said. IAG has been approached by Stuff to confirm its intentions, but has not yet replied. The couple have been wanting to repair their damaged Hillmorton house so they could sell it and move to something smaller and more manageable.

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