New home warranties are “value added” features for homeowners providing security, resale value and an important measure of peace of mind.
RWC has been in the new home warranty business for 40 years and has issued warranties on more than 3.7 million homes.
Home warranties issued by RWC are insured by Western Pacific Mutual Insurance Company, A Risk Retention Group (WPMIC). WPMIC specializes in builder home warranties and, in fact, only writes insurance for its builder members. The financial strength of the company (nearly $120 million in surplus equity, as of Dec. 31, 2020) dedicated for new home warranty resolution and builder liability issues means you don’t have to worry about the insurer behind your home warranty going out of business because of either man-made or natural catastrophic losses (hurricanes, oil spills, etc.).
Your home is warranted for the duration of the warranty period, which is 8 years. If your home is sold during that warranty term, the balance of the structural warranty transfers automatically to the next homeowner. That transferable home warranty is an excellent marketing tool when you offer your home for sale to prospective buyers.
With an RWC warranty for your new home, you are being given a written and insured commitment that your home will be free from specified defects. Your RWC warranty is independently written and administered apart from O’Dwyer Properties. Your home warranty remains in place for the duration of the warranty period.
Even with a written warranty, Builders and Homeowners don’t always see eye-to-eye. If a dispute arises between you and O’Dwyer Properties regarding whether or not something should be considered a defect, the limited warranty document can be a valuable measuring stick for evaluating the issues. You benefit from third-party assistance with home warranty issues. The warranty standards included are based on accepted industry practices.