The State Supreme Court ruled in favor of preserving coverage for contractors under builder’s risk policies. The case focused on an “all-risk” insurance policy, which typically includes coverage found in builder’s risk policies. The policy covers physical damage except for “faulty construction,” but it does not exclude condensation. The Supreme Court sided with the policyholder, emphasizing the significance of resulting loss and initiating language in builder’s risk policies, making this ruling impactful for AGC members.
