Prattley Enterprises Ltd v Vero Insurance New Zealand Ltd - [2017] 1 NZLR 352

Contract — Mistake — Whether broad or narrow interpretation to be given to provisions of Act — No common mistake — Observation about contractual allocation of risk of mistake — Contractual Mistakes Act 1977, s 6(1).

Insurance — Property insurance — Fundamental principle — Indemnity and reinstatement policies — Scope of indemnity policy — Whether specific provision for deductions for betterment required — Effect of successive insured events — Claims adding up to more than market value of property.