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Aia Waiver Applied To Insurance Purchased After Completion Insurance; Waiver

Wednesday, March 03, 2004 12:21 pm

 
Aia Waiver Applied To Insurance Purchased After Completion Insurance; Waiver

An Indiana court has ruled that the AIA contract provision pertaining to the waiver of an insured loss covered damage to property insured under a policy purchased after project completion.

Action Steel, Inc. awarded a contract to Systems Builders, Inc. to construct an addition to a commercial building. Systems Builders purchased a prefabricated structure designed and manufactured by Varco-Pruden Buildings.

The contract between Action Steel and Systems Builders incorporated the American Institute of Architects' "General Conditions," AIA Document A201. Under the waiver of subrogation clause, the proje [...]

 
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