The appellants insured a classic vehicle under a stipulated value policy and later claimed it was stolen.
After the vehicle was recovered, expert evidence at trial revealed it was not the rare, excellently preserved vehicle it was represented to be.
The jury dismissed the claim, finding the appellants gave false particulars to the prejudice of the insurer under s. 233(1)(a)(i) of the Insurance Act.
On appeal, the appellants argued the insurer waived the misrepresentation defence, failed to prove prejudice, and introduced unfair evidence suggesting fraud.
The Court of Appeal dismissed the appeal, finding no evidence of waiver or estoppel, sufficient evidence of prejudice, and that the evidence of false particulars was properly admitted.