Wallman

Plaintiffs/appellants appeal the denial of their motions for summary judgment and the grant of defendants/respondents ’ motions for summary judgment. We conclude that defendants were entitled to summary judgment, and thus we affirm.

FACTUAL AND PROCEDURAL HISTORY

Plaintiffs Barry Wallman, Stan Wallman, and Nancy Wallman (the Wallmans) are general partners of plaintiff Sea Val Enterprises, a general partnership that *1292 owns interests in real property. Former plaintiff RTG Investments, Inc. (RTG), is a California corporation, of which Barry Wallman is a principal. Dan Wallman, not a party to this action, is Barry Wallman’s brother and Stan Wallman’s son.

Defendant American Guarantee and Liability Insurance Company (American Guarantee) is an insurance company that insured apartment buildings owned by some of the plaintiffs. Defendant Benjamin Suddock, doing business as Suddock Insurance Agency (Suddock), is an insurance agent who procured the American Guarantee policies.

I. Underlying Facts

A. The Ingraham Property

In 1994, the Wallmans owned an apartment building at 1325 Ingraham Street in Los Angeles (the Ingraham property). From December 4, 1993, to December 4,…