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Whose insurance should cover burglary at remodeling project
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Posted by njain (My Page) on Tue, Oct 13, 09 at 18:06
| We moved out of our house for remodeling and the project is expected to be complete in 2 weeks.
Just had a burglary and lost about $2K worth of stuff.
Should this be covered by contractor's insurance or home owner's insurance? |
Follow-Up Postings:
RE: Whose insurance should cover burglary at remodeling project
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| Home owners. They may go after the remodeling company if there was negligence on their part(failure to lock doors, etc.) |
RE: Whose insurance should cover burglary at remodeling project
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| Who owned the stolen property? Was it materials for the remodel or the contractors tools. If it was their tools I would say their insurance should cover it and not home owners. There is enough evidencde of insurance companies dropping customers for making a claim that you might want to decide whether to file a claim or just take the loss. |
RE: Whose insurance should cover burglary at remodeling project
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| Homeowners's insurance covers losses to their own property and their invited worker's or guest's property when it occurs on their own site. Simply put: Your insurance gets to settle all claims. |
RE: Whose insurance should cover burglary at remodeling project
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| My homeowner's didn't cover burglary losses when the house was under renovation. Check your policy. We took the $25K loss on our taxes. The best we could do. On a happy note, the burglars are in jail. |
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