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COMPREHENSIVECOVERAGEIN YOUR POCKETCONS NEWTSTRU RUCTIONCWARRTURALANT YComprehensive Coverage Explained:A Pocket Guide to Understanding the DifferenceBetween Homeowners Insurance, Home WarrantyService Agreements and New Construction Structural Warranties
UNDERSTANDINGthe Different Types of CoverageEach of these options provide unique coverage for a home, and can be used inconjunction with one another to obtain comprehensive coverage.Homeowners InsuranceTERM LENGTHPAYMENT TERMRENEWABLE1 YearAnnual PremiumYes* 500 or more**Systems and Appliances HomeWarranty Service AgreementsTERM LENGTHPAYMENT TERMRENEWABLE1-5 YearsAnnual PaymentYes*Up to 100**Structural WarrantiesTERM LENGTHPAYMENT TERMRENEWABLE10 YearsOne Time PaymentNo 250 or less**Structural Warranties can only be purchased by home builders who become/aremembers of the 2-10 HBW program.* Both homeowners insurance and Home Warranty Service Agreements are generally renewed at thecompany’s discretion.** Service fees and deductibles vary by company and state.
HOMEOWNERSINSURANCEHomeowners insurance provides coverage for damage or loss to yourhome and personal belongings from fire, lighting, windstorms, hail,explosions, smoke, vandalism and theft. It also protects against manytypes of liability claims and lawsuits brought by others for accidentalbodily injury or damage to their property while in your home.NYCOVERED EVENTSUNCOVERED EVENTS Damage as the result of natural andother disasters, such as lightning,wind, hail, fire, vandalism and theft Failures due to normal wear and tearto systems and appliances Resultant bodily injury and propertydamage Structural failures that result due tonaturally-occurring soil movementor settlementCOVERED ITEMSBasic homeowners insurance policies typically cover everything inside and outsidethe home that may be lost or damaged as the result of a covered loss. This mayinclude not only the components of the home, but personal belongings as well.Homeowner’s claims are resolved or settled by repair, restoration or replacement ofyour property that was damaged, lost or stolen.DID YOU KNOW? Homeowners insurance is generally required bylenders as a condition of the mortgage to protect the lender’s interest.
HOME WARRANTYSERVICEAGREEMENTSA Home Warranty Service Agreement from 2-10 Home Buyers Warranty (2-10 HBW ) provides coverage for the repair and/or replacement ofeligible systems and appliances when failures occur as the result ofnormal wear and tear, subject to agreement limitations.NYCOVERED EVENTSUNCOVERED EVENTS Failures to a home’s eligible Damage or failures as the result ofsystems and appliances as a result improper use or treatment ofof regular and proper use of eligible systems and appliancescovered systems and appliancesCOVERED ITEMSHome Warranty Service Agreement coverage varies from provider to provider, butmost cover the major systems and appliances within a home: Electrical systems Plumbing Heating and air conditioning systems Major appliances including refrigerator, dishwasher, clothes washer anddryer, range, oven, garbage disposal and moreDID YOU KNOW? 7 out of 10 homes will experience asystem or appliance failure in any given year.
NEW CONSTRUCTIONSTRUCTURALWARRANTIESAn insurance-backed Structural Warranty from 2-10 HBWprotects homeowners from the qualified catastrophic failureof load-bearing elements of a new home, subject to thewarranty limit.NYCOVERED EVENTSUNCOVERED EVENTS Actual physical damage to a Damage or failures of structuraldesignated load-bearing element components due to natural orcaused by a failure, resulting in other disastersthe home being unsafe,unsanitary or otherwise unlivableCOVERED ITEMSStructural Warranties cover designated load-bearing elements, including but notlimited to: Roof framing Load-bearing walls Beams Columns Foundation Floor framingDID YOU KNOW? The average structural claim costs inexcess of 42,500.
2-10 Home Buyers Warranty goes hand in hand withhomeownership.2-10 HBW is the ONLY company to offer both HomeWarranty Service Agreements and New ConstructionStructural Warranties.Whether you are building, buying, selling or protecting anexisting home, HAPPY HOMES start here! 2-10 HBW hasbeen in business for over 36 years and has covered morethan 5.5 million homes with our Home Warranty ServiceAgreements and New Construction Structural Warranties.
FOR MORE INFORMATIONON WARRANTY PRODUCTS2-10 HBW Home WarrantyService Agreements:Visit 2-10.com or Call 800.795.95952-10 HBW Warranty of California, Inc.: CA2-10 Home Buyers Warranty of Virginia, Inc.: VAHome Buyers Warranty Corporation VI: FLHome Buyers Resale Warranty Corporation: AL, AR, AZ, CO, CT, DC, DE,GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, ND, NE, NJ, NM, NV, NY, OH,OR (OR License #: 202003), PA, RI, SC, SD, TN, TX, UT, VT, WA & WV2-10 HBW New ConstructionStructural Warranties:Visit 2-10.com or Call 800.488.8844New Home Structural Warranties:Home Buyers Warranty Corporation 2016 HBW Services, LLC. All Rights Reserved.
ON WARRANTY PRODUCTS 2-10 HBW Home Warranty Service Agreements: Visit 2-10.com or Call 800.795.9595 2-10 HBW Warranty of California, Inc.: CA 2-10 Home Buyers Warranty of Virginia, Inc.: VA Home Buyers Warranty Corporation VI: FL Home Buyers Resale Warranty Corporation: AL, AR, AZ, CO, CT, DC, DE,
