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You will not be able to recover against the insurance company as far as judgment collection. If anything, the insurance company may have been involved in the lawsuit. Did you obtain a default judgment against the builder? What was the claim for? Insurance is for "protecting" the builder itself. Perhaps more what you are thinking about is a bond. That is what protects third parties. You would seek to recover against the builder's bond. However, same thing, they generally need to be added in the initial lawsuit.
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And the judgment is against the company only, no individuals?
and the company has gone out of business?
If they had reformed the company in a different name but still in the same industry/location/owners, you might have been able to go after the new company. But that doesn't sound to be the case. What probably should have happened is seeking fraud against specific individuals of the company back in the initial suit as well as bringing in their bonding company (if they had one). Due to statute of limitations, it is too late now to do that in a separate lawsuit and you cannot go back and amend the prior lawsuit.
I am sorry to say, I believe you do not have any recourse.