This coverage dispute arose from a claim to recover the policyholder’s cost of repairing a site dewatering system. Glacier Construction Company (Glacier) had contracted with a municipal body to build a new wastewater pumping facility. Glacier purchased a builder’s risk insurance policy from Travelers Property Casualty (Travelers), which included coverage for “Builder’s Risk Site Preparation.”
That provision stated, in pertinent part, as follows: “If … You incur expenses to reexcavate the site, reprepare the site, regrade the land, or reperform similar work because of loss …
Continue Reading