Residential Warranty Company, LLC (RWC) and its affiliates, HOME of Texas and MHWC, continue to make strides in streamlining the application process for builders joining the group’s elite builder warranty programs. The latest step is to eliminate the inspection requirement* for homes being ‘grandfathered’ (homes that are either under construction prior to membership approval or completed, but not occupied) into the program. Previously, the home warranty companies required that up to 3 homes be inspected prior to membership approval at a cost to the builder of $150 per inspection. By eliminating this requirement, RWC, HOME & MHWC are able to save potential members up to $450 in inspection/application costs.
Joining RWC’s elite builder warranty program is the best way for today’s builders to deal with customer service and risk management issues. Offering a wide variety of unique home warranty options, RWC understands that just one warranty rarely meets everyone’s needs. RWC's “menu” of warranties and services creates comprehensive coverage and effective risk management for the greatest long-term stability.
RWC’s mission is to provide a level of security to builders and their customers and has devoted over three decades to that purpose across the country. Being able to provide a variety of services to members is the result of much hard work and due diligence along the way. RWC has established itself as a rock solid leader in providing home warranty protection. When a builder becomes a member, they benefit from 30+ years of leadership and experience that is unrivaled in the warranty industry.
*Homes over $1 million in sales volume may still need to be inspected. Prospective members may contact the home warranty company for further details.
Residential Warranty Company, LLC is one of the nation’s oldest and largest providers of written insured builder warranties. Builders seeking options in coverage, sensible home warranty protection, and assistance in dealing with customer service, choose RWC. In business for over 30 years, RWC has warranted over 3 million homes and its Insurer is rated “A- (Excellent)” by A.M. Best. An extensive “menu of choices” in both home warranties and general liability insurance is available, enabling builders to reduce their liability and increase the marketability of their homes.
The recent redesign of our full-color customized home warranty books has been well-received and widely-celebrated by our Members.
We’ve seen a clear uptick in the usage of the full-color books since the redesign indicating that, combined with a boost in building activity, more Members are incorporating the books into their marketing programs and strategies to upgrade their marketing effectiveness.
One builder even expressed to his Account Executive his immense approval of this dynamic marketing tool, commenting that the enhanced look and feel strongly added value to the materials he presented to buyers.
Another large Member contacted his Account Executive immediately after seeing the fresh books to order new supplies for each of his divisions. He also commented that the books “were beautiful and would be very good for their marketing.”
Suffice it to say, the makeover has been a major hit with our Members and has definitely enhanced their marketing efforts.
If you’ve never reviewed our Customized State Warranty program - the most unique and specialized of home warranty plans in the industry - you don’t know what you’re missing. Each customized warranty is crafted specifically to meet each state’s statutes regarding new home warranties. The Builder’s liability is limited and individual state requirements for coverage are included, as applicable. What’s more, RWC’s insurer covers warranted structural failures from day one throughout the entire warranty term.
To learn more about this sensible home warranty plan, the full-color customized warranty books, and our additional home warranty programs, please visit RWC.
Join today to upgrade your marketing efforts!
Note: If you need to increase your supply of sample books, you have two options: 1) Either login to Warranty Express through our home warranty website or 2) Contact our Marketing Department to get what you need: 800-247-1812 Ext. 2105.
Residential Warranty Company, LLC (RWC) - an innovator in the warranty industry and the nation’s leading new home warranty provider - is proud to celebrate a long track record of high home warranty ratings!
For the twelfth consecutive year, Western Pacific Mutual Insurance Company, a Risk Retention Group (WPMIC) has earned an A.M. Best rating of “A- (Excellent).” WPMIC is the insurer for new home warranties provided by RWC and its affiliated company, MHWC, and for general liability insurance provided to home builders through the RWC Insurance Advantage (RIA) program.
The A.M. Best Company is the oldest, most experienced rating agency in the world and has been reporting on the financial condition of insurance companies since 1899. As a full-service credit rating organization, A.M. Best is dedicated to serving the financial services industries, focusing on the insurance sector. Best’s ratings represent the current and independent opinion of a company’s financial strength and ability to meet obligations to its policyholders and are only assigned after an extensive quantitative and qualitative evaluation of a company’s financial strength, operating performance, and market profile.
A.M. Best’s “Excellent” rating is ascribed to companies that, in their opinion, “have an excellent ability to meet ongoing obligations.” WPMIC’s "Excellent" rating, current as of March 1st, 2014, reflects its sound capitalization, historically favorable operating performance, positive cash flow, and conservative reserve levels. Additionally, the rating recognizes WPMIC’s history of maintaining sufficient capital to support its ongoing obligations and the effective management of its long-term exposure to loss.
ABOUT RWC
Residential Warranty Company, LLC is a leading provider of insured home warranties to the building industry. Builders seeking options in coverage, sensible home warranty protection, and assistance in dealing with customer service, choose RWC. In business for over 30 years, RWC has warranted over 3 million homes. An extensive “menu of choices” in both home warranties and general liability insurance is available, enabling builders to reduce their liability and increase the marketability of their homes. Become a member today!
Finally, after several lean years, the new home building industry is enjoying improvement. The nation’s vacant home inventory is virtually depleted and new homes are being built again to meet the demand. Interest rates are still low and buyers have more confidence, so not only are homes being built, but they’re being bought.
What are you doing to entice buyers and set yourself apart from your competitors? What kinds of bells and whistles are you including in your homes that other builders are not? How are you promoting your quality and strength? What’s your response to a potential buyer when they ask, “What if I have a problem in my home and you’re out of business?”
That’s a real concern for buyers. None of us can forget how difficult the economy has been. We’re all cautious when making large purchases. Home buyers especially want to be assured they’re getting the most for their money and that they’re purchasing a home from a reputable, quality builder.
By providing RWC’s sensible home warranty, you’re proving to your customers that if there’s a problem in their home, it will be corrected. We investigate all of our members. We want to be sure our members have a solid reputation, build a quality home, have financial strength, and provide excellent customer service. You don’t just subscribe to RWC. You earn your membership, so be sure to proudly include and display the fact that you’re a RWC member. Add our new logo to your printed materials and media advertising and add a link on your website to our homeowners page.
This will also help you compete against resale homes on the market. Most resale homes include a third party home warranty. Quality, reputation, reliability, warranties, and assurance are all very important factors in a home buying decision.
Have you ever had a difficult homeowner after the sale? RWC can help you there, too. Our dispute resolution process is extremely effective. We have trained individuals that assist you and your homeowner through a free 30 day mediation process. Mediation is efficient and effective. From time to time, a homeowner isn’t satisfied with the outcome. For those occasions, binding arbitration is available. Again, RWC’s staff schedules and assists the parties through this process.
Now that homebuilding is gearing up again, be sure to emphasize your advantages. Don’t miss out on sales because you didn’t promote yourself effectively. In addition to your company’s profile information, be sure to advertise that you provide an insured, third party warranty from the nation’s largest home warranty company. Warranties issued by RWC are insured by Western Pacific Mutual Insurance Company, A Risk Retention Group (WPMIC). WPMIC specializes in new home warranties and, in fact, does not write insurance for any other unrelated risk. The financial strength of the company – over $100 million in surplus equity – dedicated for new home warranty resolution means you don’t have to worry about the insurer behind your warranty going out of business because of either man-made or natural catastrophic losses (hurricanes, oil spills, etc.).
The benefits of RWC’s home warranties are numerous for your homebuyers and for you. Enroll today!
To continue its history of innovation and competitive pricing in home warranties, Residential Warranty Company, LLC (RWC) established its exclusive Incentive Program. Created over 25 years ago, RWC’s unique Incentive Program offers its members big rewards for good claims experience, providing yet another reason to choose RWC as a home warranty provider!
Since the creation of its Incentive Program, RWC and affiliates are pleased to announce that they have distributed almost $19.6 million (on the brink of $20 million!) in incentive distributions back to members.
The Incentive Program is a great way for qualifying RWC members to effectively reduce their overall warranty costs by maintaining a high level of quality construction and customer service.
Benefits of joining the Incentive Program include:
- Incentive members receive the best rate possible.
- The annual re-registration fee of $295 is waived for Incentive members, which saves an additional $1180 in years 2-5 of membership.
- The value of the incentive distributions greatly reduces the effective cost of the warranty fee.
- Enrollment rates are locked-in for 5 years with the standard warranty (Customized State Warranty rates may be adjusted annually, however).
- Membership fees are waived for years 2-5, generating a savings of $1180!
- In years 6-10, members receive cash distributions, assuming only minimal claims experience.
Joining the Incentive Program is the best way for RWC members to maximize their dollars and reap the rewards of quality construction and customer satisfaction. RWC members enrolling at least 20 homes or $2 million in sales volume annually are eligible to join. To determine eligibility, contact RWC. Also, available upon request, is a free computerized analysis illustrating the ins and outs of the Incentive Program. To access this free analysis, email sales@rwcwwarranty.com or call 800-247-1812, Ext 2149.
Join the Incentive Program today to cash in on major rewards!
ABOUT RWC
Residential Warranty Company, LLC is an innovator in the warranty industry. Builders seeking options in home warranty coverage, sensible home warranty protection, and assistance in dealing with customer service, choose RWC. In business for over 30 years, RWC has warranted over 3 million homes and its Insurer is rated “A- (Excellent)” by A.M. Best. An extensive “menu of choices” in both home warranties and general liability insurance is available, enabling builders to reduce their liability and increase the marketability of their homes. Become a member today!