Builders Risk Policies’ Exclusions Rule Out Coverage For Moisture, Mold Damage

Mealey's (September 30, 2022, 2:27 PM EDT) -- WASHINGTON, D.C. — Two builders risk insurers are entitled to summary judgment on claims that they breached the terms of policies they separately issued to a real estate developer and contractor by failing to provide remediation coverage for condensation damage discovered during the building of a residential development because the damages were excluded under the policies’ “dampness of atmosphere” and “changes in temperature” exclusions, a federal judge in the District of Columbia ruled Sept. 29....