What does Consequential Damage mean? Read on to discover the definition & meaning of the term Consequential Damage - to help you better understand the language used in insurance policies.
Damage or injury that does not directly and immediately result from a wrongful act, but instead indirectly and/or after elapse of some time. Consequential damage usually cannot be foreseen and is often unrecoverable through litigation, unless the offending party was notified in advance that the aggrieved party would suffer such damage. Also called indirect damage or special damage. See also consequential loss.
We hope the you have a better understanding of the meaning of Consequential Damage.