Campbell LitigationWaterloo, ON · April 27, 2026Follow

When “Guaranteed Replacement Cost” Isn’t Absolute: SCC Clarifies Insurance Coverage Limits

In Emond v. Trillium Mutual Insurance Co., the Supreme Court of Canada addressed a critical issue in property insurance law: whether a “guaranteed replacement cost” endorsement requires insurers to cover all rebuilding costs, including those driven by regulatory compliance, following a total loss. The decision provides important clarification on how standard form insurance contracts are...

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