Professionals of the law firm TVINS successfully represented the insurance company BTA Baltic Insurance Company in a dispute on double insurance.
In this case, the insurance company paid out a part of the insurance indemnity, arguing that there is a double insurance (the property was insured under two insurance contracts) and, therefore, the insurance indemnity should be reduced proportionally to the reduction of the amount of sum insured.
A company receiving the reduced insurance indemnity with such position did not agree and applied to the court for the award of the entire insurance indemnity.
The Supreme Court of Lithuania took a ruling in civil case No e3K-3-141-695/2018 on 11 April 2018 and annulled the judgments of the first and appellate instances and acknowledged that the position of the insurance company regarding double insurance was justified and lawful.
The case was handled by managing partner dr. Tomas Talutis and senior associate Tadas Lukošius.