5th March 2013
A red-zoned Christchurch couple challenging their insurance payout in the High Court have reduced their claim by more than $230,000 overnight.
Matt and Valerie O’Loughlin are disputing the repair value offered by insurer Tower for their earthquake-damaged Dallington home and have taken legal action seeking full replacement.
The court yesterday heard the O’Loughlins wanted nearly $900,000 – the estimated cost to rebuild on the Gayhurst Rd site – as well as $50,0000 in damages.
Their lawyer, Grant Shand, said today the figure sought was now $662,975 after revised rebuild costs from a quantity surveyor overnight.
Valerie O’Loughlin has taken the stand to give evidence.