Enjoy the Security of a 10-Year Warranty
As a Green-Living Homes customer your new home will be insured for any potential structural issues or defects that could arise. The warranty also extends to any new owners should you sell your house prior to the 10-year duration. The following provides an overview of the warranty and Residential Warranty Company, LLC (RWC).
Home warranties issued by RWC are insured by Western Pacific Mutual Insurance Company, A Risk Retention Group (WPMIC). WPMIC specializes in builder home warranties and, in fact, only writes insurance for its builder members. The financial strength of the company ($112 million in surplus equity, as of Dec. 31, 2016) dedicated for new home warranty resolution and builder liability issues ensures that you don’t have to worry about the insurer going out of business because of either man-made or natural catastrophic losses (hurricanes, oil spills, etc.).
RWC has been in the new home warranty business for 35 years and has issued warranties on over 3 million homes. More importantly for you, they’ve successfully managed the dispute resolution process between homeowners and builders on innumerable occasions.
Your home will be warranted for the duration of the 10-year warranty period. If your home is sold during that warranty term, the balance of the warranty transfers automatically to the next homeowner. The transferable home warranty is an excellent marketing tool when you offer your home for sale to prospective buyers.
By providing you with a RWC warranty, you are being given a written and insured commitment that your home will be free from specified defects. Your RWC warranty is written and administered independently of Green-Living Homes, ensuring that it will remain in place for the duration of the warranty period. The average cost to repair a major structural failure exceeds $30,000. Having a written and insured warranty in place on your home means that warranted structural components will be repaired without causing you serious financial hardship.
Learn more about the advantages of a RWC Warranty.