Case Study
Navigating Complex Builder’s Risk Claim and Recovering Damages
The Request
Company Profile
Industry: Real Estate Developer
Revenue: $500M
Locations: Six U.S. Locations
The customer had a complex builder’s risk claim involving heavy rains and wind that had caused damage to the building envelope structure during construction. The carrier denied the contractor’s claim for faulty work based on settling, cracking, shrinkage and building expansion.
The Solution
Brown & Brown successfully argued that water and collapse were the primary causes of the loss. The team worked with the coverage council to recover damages due to the statutory theory of collapse.
The Results
In the state where the customer is located, if a property is in a position of imminent collapse, all exclusions are nullified, and the coverage can be used. Brown & Brown successfully argued that water and collapse were the primary causes of the loss and therefore, should be able to trigger coverage. The team worked with coverage council to recover damages due to the statutory theory of collapse.
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