He argued that Santam had taken a “bad bet” in the wording of their policy and were attempting to get out of the liability to their client.
Santam said their client did not attribute any monetary value to their claim and they were thus unsure how much damage was being claimed.In their heads of argument, Santam argued that Ma-Afrika Hotels had misidentified the cause of their loss. He said Ma-Afrika Hotels sought their relief in terms of the business interruption section of “similar insurance policies”.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judgment reserved in Santam vs Ma-Afrika Hotels matter over Covid-19 insuranceInsurance giant Santam argued in the high court in Cape Town on Tuesday why it should not have to pay its client Ma-Afrika Hotels for losses incurred during the coronavirus lockdown.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Judgment reserved in Santam vs Ma-Afrika Hotels matter over Covid-19 insuranceInsurance giant Santam argued in the high court in Cape Town on Tuesday why it should not have to pay its client Ma-Afrika Hotels for losses incurred during the coronavirus lockdown.
Source: SowetanLIVE - 🏆 13. / 63 Read more »