Build Currency Warranty For Free

If a company will only talk to a customer with a warranty, they run the risk of creating frustration with other customers, ruining their reputation, and driving customers away from their business. Those companies are likely losing more money on upset customers that they are making by selling warranties.

A structural or building warranty is technically 'structural defects liability insurance'.Warranty providers' carry out an inspection process as the build progresses and, on completion, a 10-year warranty is provided covering major defects in design, materials or workmanship.

Warranty was introduced as a tool to attract customers. Companies wanted to show their customers that they were willing to guarantee their products. They reaped the benefits of this assurance as customers became more than willing to align with companies offering warranties on their products.

The main reason you will need to invest in a structural warranty is to help you sell your property once it is completed. The vast majority of mortgage lenders and banks require a structural warranty to be in place before they will provide a mortgage on a property.

Each company's policy will vary depend on the warranty and building application type but generally a warranty will cover as standard; structural damage, defects to walls, roofs and foundations, in line with the policy details.

A home builders warranty, also known as a structural warranty, is a contract between the home builder.In a typical home builders warranty agreement, the home builder warrants that a new home will be free from qualified structural defects for a period of 10 years.

Most builder warranties cover material and workmanship on a new home for one to two years, with coverage that lasts as long as 10 years on major structural elements.