Insurance 101 – Chapter 8 – Volume 2 – Policy Language

Policy Language

Standard polices do not define the phrase “physical loss or damage.” In contrast, commercial general liability (CGL) policies define “property damage” as “physical injury to or destruction of tangible property which occurs during the policy period.” The meanings are different and one should not use a case interpreting a CGL to help in understanding a first party property policy.

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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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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