Involnert Management Inc v Aprilgrange and others

Insurance – Policy. The Commercial Court held that the defendant insurer was entitled to deny liability in respect of the claimant's yacht as it had been overvalued and the claimant had failed to make material disclosures in relation to the value. The claimant was however entitled to recover damages from a broker in respect of its failing to take care to ensure that the proposal form for insurance of the yacht stated the opinion of its market value.

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