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Insurance in Residential Construction: An Environmental Scan
63425

The study was designed to develop an understanding of the issues surrounding builders' risk insurance, and post-construction liability insurance. Results show the insurance market for all types of commercial coverage has hardened over the last three years, meaning rising prices and reductions in capacity to underwrite insurance. The insurance market for residential construction is contracting, with lower risk tolerance and fewer companies participating in the market. The insurance industry's appetite for insuring residential construction projects has been particularly weak in response to catastrophic fires at construction sites, and the emergence of new risks such as mold and terrorism. Includes detailed results of interviews with industry participants. (© 2004 CMHC)


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French language version:

L'assurance dans le secteur de la construction résidentielle : Une analyse de l'environnement
63426

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