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Does homeowners insurance cover loss from remodeling theft by contractor?

We hired a liscensed and bonded contractor to make an additon to our home. He did demolition to the rear of our home so he could begin the addition, asked for $33,000.00 for materials and labor and we never saw him again. Will homeowners insurance cover this loss

No. Homeowners only covers materials and supplies AFTER they've been added to the house, not before.

Actually, he didn't steal PROPERTY, he stole MONEY. If he was REALLY bonded, you can pull out your copy of the bond (see, if you don't have one, he wasn't bonded TO YOU, so he's "not bonded" as far as you are concerned), and file a claim to the insurance company. You can ALSO pull out your copy of the certificate of insurance he provided when you signed the contract (you got one, right?) and try to file a claim against his general liability carrier (it's probably not covered).

What I would do, is contact the building permit office that gave the permit for the demolition, and the city contractor licensing division, and file a formal complaint. When you hire ANOTHER contractor, keep in mind, a GOOD one will have a line of credit and be able to buy supplies and then present you with the receipt, for you to reimburse him.

You ALSO need to run down to your homeowners agent's office, and have a sit down - because you MIGHT need to add a "builders risk" endorsement to your homeowners policy, to cover the addition while it's under construction. It's NOT normally covered, unless you add this endorsement. The only thing worse than getting scammed for $33,000, would be to shell out another $30,000 and have the incomplete addition burn down. Source(s): agent, 20+ years

Probobly not but it depends on your insurance, you have to go to report it and hope police can find him, then take the contractor to court.
There is a licsensing board they must report to and his bond may be revoked.Dont think homeowners covers this sort of thing!
A reputable contractor will not ask for money until he has either finished or will ask for only partial pay for the work he has already done to your satisfaction.You have learned a valuable lesson here,dont give anyone money until the job is done.But do check on the bond and with the licsensing board for contractors.Good Luck!
You should invest $11,000 more in a bounty hunter. (They will find him and arrest him)
The simple answer is no.

You were the victim of a theft which is not covered under homeowner's insurance....in the same way it wouldn't be covered if you were walking down the street and were the victim of an armed robber.

In most cases, the state agency that licenses contractors will have a unit called the "Contractor Recovery Fund" or something similar.

It will help you either get your money back from the contractor or pay you from the recovery fund (which is funded by the license fees contractors pay).

Most, but not all, states have this function. But each may be called something different.
Insurance is for named perils and unforseen accidents only not for remodeling or theft by employees.