Consequential Damages Are ‘Property Damage’ Under Insurance Policies, Panel Says
Mealey's (July 15, 2015, 11:23 AM EDT) -- TRENTON, N.J. — The unintended and unexpected consequential damages caused by subcontractors' defective work constitute "property damage" and an "occurrence" under commercial general liability insurance policies, a New Jersey appeals panel ruled July 9 (Cypress Point Condominium Association Inc. v. Adria Towers LLC, et al., No. A-2767-13T1, N.J. Super. App. Div.; 2015 N.J. Super. LEXIS 114).
(Opinion available. Document #69-150810-002Z.)
Cypress Point Condominium Association Inc. sued Adria Towers L.L.C. which served as the general contractor on a condominium project. The association also sued various subcontractors, alleging...