If a homebuilder fouls up your foundation and cracks appear in the walls shortly after you move in, is it an accident or something the builder could have prevented?
That question has been in front of the Texas Supreme Court for nearly two years. The court ruled late last week that construction defects are generally accidents and should be covered under contractor liability insurance.
Lawyers say the ruling could force insurance companies to raise their rates to contractors on the argument that they'll now have millions of dollars a year in defective home construction complaints to defend. Full Story - Synergen Consulting International
That question has been in front of the Texas Supreme Court for nearly two years. The court ruled late last week that construction defects are generally accidents and should be covered under contractor liability insurance.
Lawyers say the ruling could force insurance companies to raise their rates to contractors on the argument that they'll now have millions of dollars a year in defective home construction complaints to defend. Full Story - Synergen Consulting International
