More Marine Ltd. v. Axa Pacific Insurance Company, 2010 BCSC 88

In Marine Insurance on (Updated )

The policy in issue in this case contained a clause stipulating an annual aggregate deductible (“AAD”) of $250,000. The assured alleged that the clause was added without its knowledge and without consideration. Additionally, the assured alleged that its broker was negligent. The evidence established that in the initial correspondence between the broker and the insurer the AAD clause excluded claims …

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