Construction defects: insurance.

Existing law prescribes definitions and requirements for certain civil actions relating to construction defect litigation and limits claims against a builder, as specified, a general contractor, subcontractor, material supplier, individual product manufacturer, or design professional to violations of specified standards. This bill would state the intent of the Legislature to enact legislation that would incentivize the construction of housing and promote homeownership by addressing the costs of insurance coverage related to construction defect liability.