exterior insulation and finish systems (EIFS)
Multilayered exterior wall systems designed to provide high energy efficiency
in both residential and commercial buildings. Typically, an EIFS system includes
insulation board that is secured to the exterior wall surface with a specially
formulated adhesive, a water-resistant base coat that is applied on top of the
insulation, and a finish coat. EIFS gained attention from the insurance industry
when claims began to arise alleging damages caused by moisture. This resulted
in liability claims against contractors and the manufacturers of EIFS. Additionally,
a considerable number of first-party claims have been brought under homeowners
policies. Insurers have attempted to limit their exposure with exclusions or
by refusing to insure risks with a substantial exposure (e.g., EIFS homes or
contractors that install EIFS).
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