Property Fund Sues Aviva For £5.3M Water Damage Payout

Property Fund Sues Aviva For £5.3M Water Damage Payout

By Alex Baldwin (July 19, 2022, 3:24 PM BST) — A property management fund has sued Aviva Insurance as it seeks a £5.3 million ($6.4 million) payout to cover repair costs for water damage at one of its properties in England.

Lothbury Property Trust Co. told the High Court that Aviva had rejected its indemnity claim after it reported “certain instances” of damage to the office block too late, according to its claim. The fund maintains that it is still entitled to be reimbursed for the damage it reported “immediately” to the insurer, and is not pursuing costs for damage it reported later.

Lothbury says in its claim, filed on June 7 and…

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2022-07-19 14:24:00