OT - Insurers dropping Chinese drywall policies

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On Sun, 18 Oct 2009 06:42:39 -0700 (PDT), terry

The fact still remains that the scope of the home owners's policy does not include builder's errors. If they wanted a guarantee that the builder would not have made any errors or used defective materials they should have bought a rider that said it covered that. This is as silly as putting in an insurance claim because your "30 year" shingles only lasted 20 years or trying to get an auto insurer to pay for your bad transmission..
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You had better go read your insurance policies in detail. You are seriously confused about what they do. -- Doug
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wrote:

Why would you expect insurance to fix constuction problems? Replace my stove because it was lemon? Pay to paint the house, as the weather destroyed the paint after 15 years? You want insurance for bad construction, you are going to have to pay for a policy for that. Not a normal policy that covers accidents. Sue the builder and supplier and the company that made the sheetrock.
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Homeowner's insurance is to cover loss from certain damages and to cover fire, theft, medical expenses if someone is injured on your property and things of that nature. The coverage is very specific and is listed in the policy.
There is nothing in the policy about defective materials in a house. They are not denying coverage, you never had it and you never paid for it. Insurance is a business transaction. You pay a premium for specific items covered. Nothing inhumane about it at all.
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You didn't actually _read_ the article, did you? The Chinese drywall was used because the demand exceeded the American supply. USG seems to do pretty well making gypsum product's domestically.
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