06 December 2013

Insurance: Rout v. Southern Response



A Christchurch couple increased their earthquake insurance payout by over $100,000 after a dogged battle against Southern Response Earthquake.  The High Court had some stern words to say about dilatory and deceptive behaviour exhibited by Southern Response.
The Rout family own a substantial property in Brooklands, Christchurch.  It was “red zoned” after suffering damage in the 2010 and 2011 earthquakes.  Rather than take up the government offer of being bought out at a 2007 rating valuation of $656,000 for the entire property they elected to sell the land alone to the government at its rating value of $396,000 and to recover separately from their insurers the value of their 241 square metre architecturally designed home.  Under this election, they received in total over one million dollars.
Their home was insured for replacement value with AMI Insurance.  All of AMI’s Christchurch earthquake liabilities have been taken over by government-controlled Southern Response.
Since the land had been sold to the government, the central issue became what they were entitled under the policy for a notional repair of their Brooklands home.
Evidence was given that the land had settled by up to 207mm after the earthquakes and the building’s unreinforced concrete slab had cracked and twisted by some 60mm.  This had caused cracking and movement in wall linings.  Some walls were out of vertical.
The Rout’s were told that their home was not economically repairable; payment would be made on costings for a notional rebuild.  The court was told insurers preferred to rebuild whenever expected repair costs came to 80% of rebuild costs.  Any potential financial benefit from a repair being cheaper is quickly lost in unanticipated cost overruns.
Various assessments made for the internal benefit of Southern Response over a period of months quantified the cost of a rebuild at figures ranging between $358,000 and $591,000.
Through late 2012 and early 2013 there were what the court described as increasingly hostile email interchanges as the two sides failed to reach any agreement on a settlement figure for a notional rebuild.  Southern Response refused to separately disclose a breakdown of items in their offered settlement.  The Routs wanted to compare Southern Response costings with their own costings.  Southern Response said this detail was commercially sensitive, but was included in its global figures.  The Routs accused Southern Response of being deceptive and its behaviour unacceptable.
In February 2013, Southern Response sent a letter to the Routs confirming its final revised offer of $453,187.  This letter set out the possible consequences of not accepting.  The thrust of the letter was to warn the Routs that if they did not accept this offer all offers were off the table and a new assessment would be carried out with the risk that any resulting offer might be even lower.  The Routs sued.  They had been seeking a settlement figure of $548,276 – a difference of $95,000 from Southern Response.
Aiming high when taking legal action, the Routs claimed total rebuild costs would in fact be $1.29 million.  This was based on the assumption that a rebuild on the Brookfield site would require land levels to be raised and extra underpinning driven for new foundations.
Justice Gendall ruled that terms of the AMI policy entitled the Routs to the cost of rebuilding an equivalent home on an alternative site, not the cost of building on the weakened and flood-vulnerable red-zoned site.  Even if Southern Response were to pay on the basis of a notional rebuild on the red-zoned site, he said, a cash settlement based on the cheaper option of using grout to force the house back to level would not be adequate.
Justice Gendall ruled the Routs were entitled to a Southern Response payout of $559,480: being $673,330 for the proved cost of rebuilding the existing house on another site, less $133,850 paid earlier by the Earthquake Commission.  The Southern Response payout can be used only to build or buy a replacement home which is of comparable size and condition to their former home as when new, and offering the same amenities.
In total the Routs benefit to the tune of $1.06 million (less their negotiating and litigation costs): $396,000 for the sale of their land to the government; $559,480 from Southern Response and $113,850 from the Earthquake Commission .
The Routs separate claim against Southern Response for general damages of $50,000 was dismissed.
This was claimed as compensation for alleged failures by Southern Response to deal with their claim properly.  Justice Gendall said there were grounds to criticise Southern Responses’ actions as regards the time taken to process the claim, the constant changes of position regarding rebuilds as against repairs, the failure to properly assess the Brooklands site before making offers and deceptive behaviour in its negotiations.  But any award of damages was negated, he said, by the Routs’ decision to inflate their claim in court to $1.2 million dollars and then fail to justify this amount.
Rout v. Southern Response – High Court (6.12.13)
13.035