Red-zoners back down on claim


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.

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