A structural home warranty could save you

thousands of dollars.

TEXAS CASE STUDY

By 2-10 Home Buyers Warranty®

In Wichita Falls, TX...

a builder had been enrolling homes since the company’s inception in 1994, with 2-10 Home Buyers Warranty® (2-10 HBW).

In 2008 the builder enrolled a home with a sales price of $365,000 in the 2-10 HBW Structural Warranty program.

This particular enrollment was discovered to have structural damages, which were reported to the warranty insurer – just shy of one year after its closing date.

Upon investigation, the foundation of the home had settled unevenly.

The primary cause of the settlement was lack of compaction of the placed foundation fill.

The secondary cause of the settlement was the failure to install piers to support the home’s foundation, which was supposed to be completed by the contractor.

Why compaction is needed?

It reduces the amount of air pockets in the soil by packing particles closer together into a given space to increase soil density and strength. This helps restrict air and water movement.

Major structural problems can arise if excessive soil settlement under footings and slabs is present.

non-compacted compacted

Air Water Solid Particles

How was this claim resolved for the homeowner of this Wichita Falls builder?

The warranty insurer paid approximately $283,000 for the repair of this structural claim*.

Pay To The Order Of

Amount

Wichita Falls Homeowner

Two hundred and eighty three thousand dollars

$283,000.00

Structural Claim2-10 Home Buyers Warranty

LONG LIVE HAPPY HOMES®

*Data collected from New Home Warranty Insurance Company.

2-10 HBW was able to protect this builder from an expensive claim because structural warranty coverage was in place.

Structural warranty coverage:

• Insurance-backed coverage starts

day one of closing

• NO SOIL EXCLUSIONS• Third party insurance-backed warranty

• Reinsured by SwissRe, one of the world’s

largest reinsurers

Can your business survive a $283,000 structural defect?

Call today to find out how you can include a 2-10 HBW Structural Warranty on the homes you build.

855.523.6422