A LOOK AT STRUCTURAL CLAIMS

By 2-10 Home Buyers Warranty®

STRUCTURAL DEFECTS

And you should know...

• By state law a builder is responsible for the property for up to 10 years.

• 80% of structural defects are due to soil movement and are typically out of a builder’s control.

• 1-in-4 homes in the United States experience some structural distress over their lifetime, and 5% of all homes experience major difficulties.

are a serious occurrence in new construction.

AND ARE NOT COVERED BY HOMEOWNER’S INSURANCE OR A GENERAL LIABILITY POLICY*.

STRUCTURAL DEFECTS

COST AN AVERAGE OF $42,000

Between 2000 and 2012, the warranty insurer for 2-10 HBW paid $112 million in construction defect claims.

*Check your policy for coverages.

Age of Home: 9 years, 1 month

Distress: Minor interior distress; Soil voids up to 12 inches discovered when the plumber repaired a broken waste line. Unsafe. The soil no longer supported the concrete family room floor.

Cause: Inadequate soil compaction.

Cost: $28,600

CLAIM #1

THE RESULT Contractors had to fill the 12 inch void.

Age of Home: 8 years

Distress: Chimney leaning with horizontal cracking. Unsafe. The chimney may potentially collapse and fall through the roof.

Cause: Inadequate framing.

Cost: $47,000

CLAIM #2

THE RESULTChimney had to be rebuilt.

Age of Home: 1 year

Distress: Reported dip in floor near back right corner of family room. Unlivable. Deflection in the floor interfered with operation of patio doors.

Cause: Damaged particle board in floor joist.

Cost: $61,000

CLAIM #3

THE RESULT

Particle board and floor joists were repaired and patio doors

were replaced.

• Claims 1, 2, and 3 totaled $136,600, of which the builder and homeowner paid nothing for the necessary repair.

• Cosmetic repairs in all 3 claim scenarios were covered under the 2-10 HBW Structural Warranty.

• Whether the claim happens within the first year or in the ninth year, coverage with the 2-10 HBW Structural Warranty begins day one.

STRUCTURAL WARRANTY2-10 Home Buyers Warranty

Benefits of the

Can your business survive a $42,000 structural defect?

Call today to find out how you can place the 2-10 HBW Structural Warranty on your new home.

855.523.6422