Law360, Los Angeles (November 4, 2015, 9:56 PM EST) -- The New Jersey Supreme Court has agreed to weigh in on whether consequential damages stemming from subcontractors' faulty work on a condominium complex constitute an occurrence under a general contractor's insurance policy, according to a notice posted Tuesday.
The state high court granted certification late last week in the case of Cypress Point Condominium Association Inc. v. Adria Towers Inc., in which a panel of the Appellate Division ruled in July that consequential damages to the common areas of a condo complex and unit owners' property caused by subcontractors' defective work are "property damage" and an "occurrence" under the relevant commercial...
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