Residential Foundation Repair
Claim denied by Insurance?
Had Builder’s Risk Insurance, this insurance is for construction of residential house, the foundation wall collapsed during 3rd day, the foundation wall was not build as per plan, i had to sue builder, architect and surveyor. my insurance company denied the calim. i though they will pay to repair or rebuild and then recover or sue my builder. they also denied to pay me rent even though i had loss of use of property coverage. any way i can collect the claim to rebuild, repair foundation wall or rent i pay till the wall is fixed.
A builders risk endorsement on a policy is for theft of building materials, only. If the house was to be done in about 6 months, you could have purchased a regular homeowners policy (if it was intended to be your primary home) and added the endorsement. Faulty construction is NEVER covered by any property policy. It is an exclusion in the policy. You have to contact the commercial policy, hopefully you obtained certificates of GL & WC from the contractors (ALL of them working on the house) so you know who the insurance company is. It is also possible they deny coverage for faulty workmanship because a GL generally is for accidental damage (for example – a piece of construction equipment catches on fire & burns down your half done house, or a ladder falls & breaks your brand new custom window). You cannot collect loss of use on a house that is not built yet. You are not living in it, therefore not using it. You would have to pay rent if the collapse didn’t happen. There is no loss of use to cover.
NO construction I know takes the exact amount of time stated by the contractor and I am sure there is a clause in the contract you signed that has to do with this. Things happen, weather happens, emergencies happen with other customers of the contractors. If you are only 3 days behind now, consider yourself lucky.
Jericho Foundation Repair | Houston TX
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Residential Foundations: Design, Behavior, and Repair (General Engineering) $13.41 |
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Foundation Repair Manual (McGraw-Hill Portable Engineering) $45.78 The #1 guide to foundation repair This book offers the most authoritative source of information on repairing damaged foundations, with excellent advice on maintenance and preventative measures designed to avoid the need for repair. You get state-of-the-art methods in foundation repair; clear guidance on choosing the right methods for the job; up-to-date techniques for preventing, evaluating, and … |
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Residential Foundations: Design, Behavior, and Repair (General Engineering) $24.00 … |
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