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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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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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