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Armstrong Election and Your Insurance Deductible

Armstrong Election and Your Insurance Deductible
September 25, 2017 Sam Houghton

Sooner or later all C-53 builders are involved in a construction defect litigation claim. Sometimes, these claims can cover multiple policy periods and it is typical that more than one insurance carrier will be involved in the defense. Once the claim has been resolved and settled the builder is only responsible for paying ONE deductible. They may also choose which deductible to pay.

For example, if you have a deductible of $1,000, $2,000, and $5,000 because the project was covered by three different policies during the project, you can choose to only pay the $1,000 deductible. That would be a difference of $7,000 more out of pocket if you didn’t know your rights.

Thanks to the case Armstrong World Industries v. Aetna Casualty and California Pacific Homes Inc. V. Scottsdale Insurance Company you can protect your company when these situations arise. Don’t get caught drained of money because you didn’t know your rights, protect your rights.