Property insurance: measure of indemnity

The decision of the Court of Appeal in Endurance Corporate Capital Ltd v Sartex Quilts & Textiles Ltd [2020] EWCA Civ 308 is a masterful restatement of the measure of indemnity under a property policy where there is no fixed means of calculation. The judgment of Leggatt LJ clarifies the issues of when the loss is to be calculated, the role of mitigation and the relevance of betterment.

Sartex : the facts