A dispute over denied insurance coverage raises the question of whether or not the presence of the COVID-19 virus can be considered “direct physical loss or damage” to a property. 

The Philadelphia 76ers and SPF Owner LLC, which owns a 76ers training complex and office building in New Jersey, say the term should apply to damage caused by the pandemic. They are seeking declaratory judgment to reflect that interpretation after the Hartford Fire Insurance Co. declined to compensate them for lost income under the reasoning that the disease “does not constitute direct physical loss or damage.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]