Inherent Defect Insurance

Inherent Defects Insurance (IDI) — first-party property insurance that covers physical damage or imminent collapse of newly constructed property caused by faulty design, engineering, workmanship, or materials in load-bearing elements such as foundations, columns, walls, floors, beams, roofs, and land improvements. Available to qualified owners, developers, and contractors for up to a 10-year policy term, … Continue reading Inherent Defect Insurance