Structural Warranty
How a structural warranty adds value for builders and buyers Contributed by Patti Nolan-Lento, Regional VP-West 2-10 Home Buyers Warranty
No one expects a new home to have structural issues. Responsible builders and careful buyers always do everything they can to mitigate this problem. But when this unexpected event does occur, a structural warranty from 2-10 Home Buyers Warranty (2-10 HBW)—the industry leader in structural warranty coverage—can be a business and budget saver. Let’s see some ways a structural warranty adds value for builders and buyers. For builders and buyers, it can be a budget saver Building and buying a new home is expensive. For builders, each new home you build creates a long tail of liability. Because for each home you build, you’re responsible for guaranteeing that the home’s structure is sound. That kind of liability can really add up quickly. In fact, the average cost to address a structural defect ranges between $42,000 and $113,000 per claim. With a structural warranty from 2-10 HBW, you transfer those liabilities to us. If any of your covered homes faces a structural defect, 2-10 HBW’s industry-leading coverage protects your bottom line. Instead of having to find the money, time and resources to address the issue, 2-10 HBW does it for you. That lets you do what you do best—build quality homes.
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building insight
For your buyers, a structural warranty protects their budgets, too. Because you’ve transferred your liabilities to us, your buyers don’t need to worry about trying to address covered structural issues themselves. When you protect your buyers’ budgets, it’s a great way to build trust. For builders, a structural warranty builds trust and provides third-party validation Buyers want to buy from builders they trust. Covering your buyers’ homes with a structural warranty from 2-10 HBW is an important step to building that trust. That’s because you’re telling potential buyers three things when you cover their home with a structural warranty from 2-10 HBW: n Building a quality home matters, and I’m backing up my commitment to quality with a structural warranty. n We’re working with and vetted by the industry leader in structural coverage. That means your home and budget are in the best hands. n If something goes wrong with the structural integrity of your home, we have the best solution possible. When buyers have one less thing to worry about thanks to your 2-10 HBW builders warranty, it builds trust.
