March 14th 2013
A closely-watched insurance battle is expected to wrap up at the High Court in Christchurch today.
Red-zoned couple Matt and Valerie O’Loughlin are fighting Tower Insurance for a payout of $640,000 to rebuild their Dallington home on a new site.
Tower is offering to pay $390,000 for repair costs.
Tower’s counsel Alan Galbraith, QC, said in his closing statement yesterday the O’Loughlin’s case failed to prove Tower has not met its policy obligations.
Court will reconvene half an hour earlier this morning to hear the closing submission of the O’Loughlin’s lawyer Grant Shand.
It’s hoped the case will wrap up this afternoon.
Judge Raynor Asher is expected to reserve his decision, meaning it will be a few weeks before the outcome is known.