Is there Coverage for this? Home Torn down due to [Wrong Address?]

[Brandon Blood]

Have you come to expect builders to get builders risk insurance policies?

I don't expect anything from my clients. Most of them don't even know what they need. I advise them to get one and educate why.

 

[marindependent]

Depending on a builder to have a builders risk policy is like expecting a four year old to brush their teeth without being told. I am sure it exists in fantasyland but i have not seen it. I have seen multiple times builders doing remodels telling my clients that they don't need one.

 

[Brandon Blood]

Depending on a builder to have a builders risk policy is like expecting a four year old to brush their teeth without being told. I am sure it exists in fantasyland but i have not seen it. I have seen multiple times builders doing remodels telling my clients that they don't need one.

That is the problem. They are willing to take the risk and there are no hard state requirements to enforce it. Scares me....

 

[Allen Trent]

Wouldn't the contractors builder risk policy cover the claim?

Not sure a builders risk policy covering 1 address would cover tearing down another address. Plus, is a builders risk policy even available to someone hired to actually destroy a house

 

[fed up]

Time to speak with the County which signed off on the demolition and let the County deal with the contractor

 

[MIGA1626]

I would not want to make that claim.

Good way to be hassled by investigators.

 

[MIGA1626]

Wouldn't the contractors builder risk policy cover the claim?

LOL no... People love to take insurance OFF of buildings when/before they tear down... which is good... putting insurance on a building then immediately tearing it down might be viewed as.... you know a little sketch...