HOLD ON TO YOUR SOMBREROS: THE FOURTH DISTRICT COURT OF APPEALS IN CALIFORNIA REITERATES THAT LOSS OF USE CONSTITUTES “PROPERTY DAMAGE”

INTERPRETATION OF FRAUD/FORFEITURE PROVISIONS

Most insurance policies have some sort of provision that addresses what happens when an insured misrepresents or attempts to defraud an insurer. This provision, otherwise known as a “fraud provision” or “forfeiture provision” varies in effect depending on its breadth....