Say you and your partner finally decided to build your dream home. You researched potential architects and chose one who seemed to share your vision and who was within your budget.
Colorado’s 2017 regular session has seen several significant bills introduced that could impact insurers, developers and contractors in construction defect claims. One bill would require mediation or arbitration in homeowners’ association claims alleging defects, even if the mediation or arbitration requirement in the governing documents has been amended or revoked. A second would require a court to apportion the costs of defense when more than one insurer has the duty to defend a party in a construction defect. A bill has also been introduced to define the term construction defect under the Construction Defect Action Reform Act.