The Québec Court of Appeal considers the issue of the amount of insurance:1 liability of the broker and/or chartered appraiser
Facts Bar et spectacles Jules et Jim inc. (hereinafter the “Bar” or “Insured”) sought to renew the insurance coverage for its building, which was then insured for $424,000.2 On the recommendation of its broker, it obtained an appraisal which concluded that the reconstruction cost of the building (…)