Insurance 101 – Chapter 5 – Volume 25 – Duty to Defend When There Is No Loss to Tangible Property – 2

Duty to Defend When There Is No Loss to Tangible Property – 2

In Indiana, damage from an alleged defective service may be recoverable under a negligence theory if the alleged defective service caused personal injury or damage to other property, but contract law governs purely economic loss arising from the failure of the service to perform as expected. The economic losses included diminution in value of the structure, incidental and consequential losses, lost profits, rental expense, cost of repair and costs of reconstruction.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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