A Video Explaining the Need for Damage to Tangible Property for Coverage to Apply

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What is Tangible Property?

Read the full article at https://www.linkedin.com/pulse/video-explaining-damage-tangible-property-required-zalma-esq-cfe, See the full video at https://rumble.com/vduukp-a-video-explaining-that-damage-to-tangible-property-required-for-defense-or.html?mref=6zof&mrefc=2 and https://youtu.be/7YtdpEedwOY and at https://zalma.com/blog plus more than 3600 posts. 

A standard general liability insurer has a duty to defend and indemnify for a loss to tangible property only. The property loss section of these policies provides coverage for physical injury, loss, or destruction of tangible property, and the focus of the property damage coverage is the property itself. (Waller v. Truck Ins. Exchange, Inc., 11 Cal. 4th 1, 17 (1995) (Waller). For our purposes, it is important to note that the policies are not intended to cover intangible property losses, including loss of an investment, loss of goodwill or loss of intangible property use. (Id. at pp. 17-18; Gunderson, supra, 37 Cal. App. 4th at p. 1109.)

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