The iconic George IV Inn in Picton has been dealt a significant blow which has put the pub’s future in doubt.
The George was one of the hardest hit businesses in Picton after a storm in June last year devastated the town. The pub has been closed for more than six months.
The owners Patrick Maloney posted an update on the George IV Inn Facebook page last night saying the insurance company had denied the pub’s claim.
As a result of the insurer’s decision, all employee contracts, including licencee and manager Brett and Peta Cohen were terminated.
The post said The George would not be re-opening until issues with the insurance company were resolved
“Regrettably the pub’s insurers, Assetinsure, had originally accepted cover for some damage caused by stormwater and overland flow,” the Facebook post said.
“In reliance upon that position, the pub engaged experts to prepare reports on damage and continued to employ staff in anticipation of re-opening.
“We recently completed a claim as requested by the insurers at considerable cost.
“After receiving the claim the insurer changed its position and denied any liability whatsoever.”
The owners have vowed to keep fighting to re-open the pub until the end and said that would require lengthy and costly legal proceedings.
The owners wanted to thank locals for their support and patience.
“We appreciate the huge support we have received from you all and we will definitely keep you posted,” the Facebook post said.
“The set backs to The George come as a significant blow to us and indeed the community.
“But for the actions of the insurer things could have been handled very differently and we would be operating today.”
Assestinsure was contacted but a spokeswoman said the insurance company did not make comment on individual claims.
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