“…Reinsurance (UK) SE v Western Trading Ltd [2016] EWCA Civ 1003; [2016] Lloyd’s Rep IR 643. In that case the main building insured was an old leather factory which was a listed building. It was essentially a shell, unused e…”
“…was emphasised by the policies in issue in the authorities on which ZIP relied during argument. So in Great Lakes Reinsurance (UK) SE v Western Trading Limited [2016] EWCA Civ 1003, the Memorandum to the Policy said that “no payments … shall be made until the cost of reinstatement shall have been actually incurred”. Similarly, the clause …”