Tidewater Builders Association organizes own insurer in Virginia
With its premium $ 5000 for general liability insurance doubled, Ron Gwaltney Shopping late last year for a less expensive alternative.
In December, the Virginia Beach homebuilder found in a newly created company in insurance companies Chesapeake, owners Insurance Association Inc.
The TIDEWATER Builders Association had done what many other companies and associations have, if its members had difficulties in finding coverage for general liability, they organize their own insurance.
The increase in the number of complaints against federal homebuilders for damages in connection with synthetic stucco, mold and construction defects has prompted some insurers on the ladder.
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