New Home vs. Resale Warranties
Whether you’re a homeowner wanting to protect a valuable investment, a real estate agent or builder wanting to protect your reputation, a home warranty takes the stress out of home ownership by adding a sense of security. Separate from homeowner’s insurance, a warranty covers major systems and appliances that malfunction or break due to normal wear and tear, as well as the foundation on which a home is built. When considering protection options for your home, it is important to look for one that offers structural defects, systems and appliances coverage.
With 2-10 Home Buyers Warranty® (2-10 HBW®), when a covered system breaks down, a claim can be placed online or via phone, and 2-10 HBW will promptly dispatch a contractor to make the repair. Warranties limit the repair cost, remove the hassle of finding a trusted contractor and, in the event that a system or appliance cannot be fixed, replace the item in question to comparable or better quality.
Warranties can also extend to other areas of the home, including structure and workmanship. What a warranty covers will vary based on a few factors; first, it will depend on whether the home is newly built.
With newly built homes, builders frequently offer home buyers a structural warranty, or home buyers may request them. The most important factor to consider is that there are many options.
For a builder or homeowner, a warranty from a solid, insurance-backed provider gives you a contract that’s clearly defined and 24/7 customer service for questions or claims. For builders, a warranty offers a strong position in the market that differentiates your business.
2-10 HBW offers a 10-year structural warranty for new homes that includes insurance-backed structural defect coverage on qualified load-bearing components, starting from the day of closing. This is the most-used and best-recognized warranty in the business. 2-10 HBW also offers one-year and two-year surety coverage on new homes. These cover workmanship for one year and systems (mechanical, electrical, plumbing) for two years respectively, should the builder be unable or unwilling to fulfill their warranty obligation. 2-10 HBW offers comprehensive coverage for the majority of newly constructed home types.
Provided at the closing of sale via seller or real estate agent resale, systems and appliances warranties typically cover the repair or replacement of the most frequent and likely home system and appliance breakdowns, including major systems (furnace, hot water heater, air conditioner, plumbing and electrical systems) and major appliances (refrigerator, oven, dishwasher, built-in microwave, disposal, trash compactor).
Resale warranties can help real estate agents differentiate listings and give buyers confidence in their purchase. Free listing coverage* from 2-10 HBW gives a home protection while it’s on the market. Ultimately, a resale warranty transfers the risk and adds security to a home to ensure a smooth transaction and happy homeowner.
More than 30 years. More than 5.5. million homes.
2-10 HBW offers three decades of solid claims history, an unmatched reputation and the most specialized experience in the business, not to mention the best coverage. 2-10 HBW also offers the most comprehensive and competitively priced warranties available, nationwide.
For more information on warranty offerings and interactive demos, visit www.2-10.com.
*During the listing period with a commitment to purchase buyer’s coverage at the time of closing. Not available in FL or CA.