When selecting a structural warranty company, builders undoubtedly have a number of options from which to choose. However, 2-10 Home Buyers Warranty® (2-10 HBW®) stands out because of its size, financial stability, most comprehensive coverage and risk management practices. The structural warranty industry has settled more than $1.1 billion in total claims since 1977, and 2-10 HBW has covered the largest portion of any current competitor by paying $286.7 million. One out of every eight new homes in the United States is protected with an insurance-backed structural warranty from 2-10 HBW, and more than 2.5 million homes have been enrolled to date. More than 5,500 unique builders are builder members of the 2-10 HBW structural warranty program.
When selecting a structural warranty company, it’s important that the insurance and reinsurance companies that will be paying claims are financially secure and trustworthy. The 2-10 HBW warranty uses an insurance company dedicated to the payment of warranty claims. For the last 28 years, 2-10 HBW has been affiliated with one of the best reinsurance companies in the business, Swiss Reinsurance Company. Commonly known as Swiss Re, it is the second-largest reinsurance company in the world. They operate in more than 20 countries, have $228 billion in total assets, and have been in business for more than 150 years.
Finally, 2-10 HBW places great emphasis on risk management. The company works with its builder members to protect their reputation through various quality assurance programs. For homes in the $2–5 million range, independent inspections and photographs of the structure and surrounding terrain is required. If a home’s value will be $5 million or more, geotechnical and soil reports are required to obtain warranty coverage. 2-10 HBW risk management will review architectural and construction plans, and an engineer must perform a final inspection on behalf of the builder to confirm workmanship. In addition, 2-10 HBW employs full-time engineers, which is not an industry standard.
These strict risk management controls are designed to protect the warranty insurer and the builder’s reputation. By maintaining a high level of quality, poor construction isn’t subsidized at the expense of excellent construction and costs are kept reasonable. Even homeowners are briefed on proper home maintenance to further reduce risk.
Read The Definitive Guide to Structural Warranties from 2-10 Home Buyers Warranty, offering you a deeper look at what a structural warranty is, the benefits of using them and so much more. Your questions will be answered when you download the guide today.
 2-10 HBW data.