Not sure Haka. But I know if I have insured my $50,000 car for only $25,000 and it gets written off, the insurer will pay me $25,000 and take the wreck. The way insurance works is that when you make a claim you are effectively transferring ownership to the insurer. Once the insurer has paid you out you can make an offer to buy back the asset. Perhaps KPT has done that, but at what price?
Some Qs for the AGM, page-22
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