In construction Insurance.
Plumbing contractor purchases an occurrence policy. Installs new plumbing
in apartment building. Everything seems OK but 16 months later the building collapses due to the ground washing out from underneath it because the underground intake piping for the building was not joined correctly and leaked with the leak growing larger over time.
Insurance company A: on policy when insured completed the work declined saying the occurrence was the collapse of the building that happened 16 months later when a different insurance carrier was on the policy.
Insurance Com
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Plumbing contractor purchases an occurrence policy. Installs new plumbing
in apartment building. Everything seems OK but 16 months later the building collapses due to the ground washing out from underneath it because the underground intake piping for the building was not joined correctly and leaked with the leak growing larger over time.
Insurance company A: on policy when insured completed the work declined saying the occurrence was the collapse of the building that happened 16 months later when a different insurance carrier was on the policy.
Insurance Com
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