DQ v BH [2024] NZDT 810 (15 November 2024) [pdf, 91 KB]
...repair assessment form that PAV is $2750.00. An ‘agreed value’ for insurance purposes is not necessarily the same as a market value, and it is market value just prior to the collision that is used for an accurate measure of damages resulting from negligence. The damages are intended to restore the party who has suffered loss to the position they were in prior to the negligent act. 3. J Ltd obtained a registered valuation which states the PAV for DQ’s vehicle is $6000.00. 4....