|insurance||<– Date –> <– Thread –>|
|From: Leah (drsweetieyahoo.com)|
|Date: Tue, 6 Dec 2005 20:40:37 -0800 (PST)|
We are being our own developers in a 13 unit coho here in Ashland, Oregon. We have recently been told by the builder that the laws regarding insurance have changed, and that we may now be required to carry insurance for "latent defects". This is supposed to be insurance that would cover potential lawsuits if something was discovered to be wrong years after we move in. A phone call to an insurance agent tells us that insurance of this type could cost as much as 1/2 mill dollars, which would guarantee that our project will not happen. Does anyone else have experience with this? --------------------------------- Yahoo! Personals Single? There's someone we'd like you to meet. Lots of someones, actually. Try Yahoo! Personals
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