mbrcatz
|
No. Homeowners only covers materials and supplies AFTER they've been added to the house, not before.
Actually, he didn't steal PROPERTY, he stole MONEY. If he was REALLY bonded, you can pull out your copy of the bond (see, if you don't have one, he wasn't bonded TO YOU, so he's "not bonded" as far as you are concerned), and file a claim to the insurance company. You can ALSO pull out your copy of the certificate of insurance he provided when you signed the contract (you got one, right?) and try to file a claim against his general liability carrier (it's probably not covered).
What I would do, is contact the building permit office that gave the permit for the demolition, and the city contractor licensing division, and file a formal complaint. When you hire ANOTHER contractor, keep in mind, a GOOD one will have a line of credit and be able to buy supplies and then present you with the receipt, for you to reimburse him.
You ALSO need to run down to your homeowners agent's office, and have a sit down - because you MIGHT need to add a "builders risk" endorsement to your homeowners policy, to cover the addition while it's under construction. It's NOT normally covered, unless you add this endorsement. The only thing worse than getting scammed for $33,000, would be to shell out another $30,000 and have the incomplete addition burn down. |
mkulda
|
The simple answer is no.
You were the victim of a theft which is not covered under homeowner's insurance....in the same way it wouldn't be covered if you were walking down the street and were the victim of an armed robber.
In most cases, the state agency that licenses contractors will have a unit called the "Contractor Recovery Fund" or something similar.
It will help you either get your money back from the contractor or pay you from the recovery fund (which is funded by the license fees contractors pay).
Most, but not all, states have this function. But each may be called something different. |
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