Cover Story
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Construction Defects Burning a Hole through the Residential Contractors Market
Cover Story • July 19, 2004
Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Cwuirdgu | mikki | Jul 14, 2009, 11:39 am |
| Yes...I did notify the insurance company... | Mikki | Jul 13, 2009, 5:54 pm |
| So much for justice... | Mikki | Jul 13, 2009, 5:49 pm |
| RE: CG 20 10 11 85 | BP | Jun 19, 2008, 10:42 am |
| Mikki | Mark W. Kinsey | Mar 24, 2008, 1:12 pm |
| RE: RE: CG 20 10 11 85 | Javier Sierra | Feb 27, 2008, 1:05 pm |
| RE: RE: RE: Cg2010 1185 | Mikki | Dec 31, 2007, 8:03 pm |
| RE: RE: Cg2010 1185 | Mark W. Kinsey CRA | Mar 15, 2006, 7:16 pm |
| RE: Cg2010 1185 | Stephanie | Oct 21, 2005, 5:00 pm |
| RE: Build houses right to avoid lawsuits | Mark W. Kinsey, CRA | May 25, 2005, 4:37 pm |
| Build houses right to avoid lawsuits | Cindy S | May 25, 2005, 2:11 pm |
| RE: The other side of the issue... | Mark W. Kinsey, CRA | Sep 27, 2004, 3:06 pm |
| The other side of the issue... | Mikki | Sep 25, 2004, 8:59 pm |
| RE: RE: CG 20 10 11 85 | Bill Fillmar | Sep 1, 2004, 9:24 am |
| RE: CG 20 10 11 85 | Mark W. Kinsey, CRA | Aug 16, 2004, 8:29 pm |
| RE: CG 20 10 11 85 | Laurence | Aug 11, 2004, 6:08 pm |
| RE: CG 20 10 11 85 | Mike Brown | Aug 9, 2004, 1:36 pm |
| CG 20 10 11 85 | Clark Griep | Aug 9, 2004, 10:07 am |
| Back to article | ||
Subject: Mikki
The Right of Refusal letter is sent by virtually ALL insurance companies were a construction defect lawsuit is claimed. Defective Workmanship is not a covered peril. It goes against the "Business Principal". Think about it for a moment Mikki; I put a roof on your house and you pay me for it (labor and material) then I put a claim in against my insurance company when it leaks so I get paid again (labor and material). In other words I get paid twice for the same job. Workmanship for residential contractors is virtually NEVER insured. Yes on large commercial jobs it sometmes is insured and the premium is steep but if the margins and contracts permit/demand it then you can get it.
As to state licensing issues and why everyone associated with a real estate transaction MUST be a licensed professional EXCEPT the only people who can cause physical damage to the property - THE CONTRACTOR - is beyond me. I have lobbied in PA for 11 years now to get just registration, not even licensing and still the legislators drag their feet and wring their hands saying it will bar people from the industry. The Realtor, The Mortgage Banker, The Architect, The Surveyor, The Insurance Person, The Title Company, The Lawyer, hell even the haircutter and beautician who get you ready for the closing on your new house are all licensed but the contractor who rips your house apart and then walks off isn't. Defies common sense but it is the way it is.
You will probably never see your money from this guy Mikki and I know it hurts. Best of luck to you in all your future endeavors.
PS - As to insurance agents suppose to do something about scums like this guy??? Well we have those type of people in our industry too...they usually just dress alittle nicer...