Builder Insurance—Ever Wondered Who Covers the Mishaps?
Been there—my last build was a real eye-opener. I figured “builder’s risk” meant I was covered, but when a pipe burst (contractor error), it was a mess. The builder’s insurance didn’t cover shoddy work, just accidental damage. Ended up chasing the contractor’s liability insurance, which took ages. I did get a homeowner’s policy before moving in, and honestly, it saved me when some tools got stolen near the end. It felt like overkill at the time, but looking back, better safe than sorry... The overlap is annoying, but gaps are worse.
The builder’s insurance didn’t cover shoddy work, just accidental damage. Ended up chasing the contractor’s liability insurance, which took ages.
That’s exactly the kind of headache I ran into with our last place. The builder’s risk policy looked solid on paper, but when a sub messed up the hardwood install, it was a finger-pointing circus. I’m still not sure if anyone ever really “owns” the problem until you threaten legal action. Did you ever get clarity on whether your homeowner’s policy would’ve covered something like faulty workmanship, or is that always a hard no? The fine print is wild...
