Diminution In Value And Commercial Insurance In Ga.

Law360, New York (January 10, 2011, 3:59 PM EST) -- When nearby construction work allegedly caused an office building’s floor tiles to crack, the building owner, Royal Capital Development LLC, sought to recover its losses under a commercial insurance policy covering the building. Royal Capital sought not only the costs to repair the physical damage, but also the diminution in value the property purportedly sustained because of the “stigma associated with the damage caused by the incident.” Royal Capital Dev. LLC v. Md. Cas. Co., No. 1:10-CV-1275-RLV, 2010 U.S. Dist. LEXIS 133911, at *3 (N.D. Ga....
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