HOME BUILDER BENEFITS

The average cost for the repair of a major residential structural defect is approximately $35,000 and one out of every 100 new homes built today will experience a structural defect of that magnitude. This is the kind of information that many of the new home buyers are concerned about. The Lux Residential Warranty Program has been specifically created to address these concerns on behalf of the Builder. With this program the Builder now can offer the Lux Residential Warranty Programs to their Purchasers to further enhance their product and protect the Purchaser.

As a home builder you need to know that these problems can arise and that there is a way to safeguard yourself and your valued customers from the burdens associated with high-priced and unwanted repairs.

In this time of high rising energy costs, reduced consumer confidence, and public concern about growth issues, there is no better time for a builder to take advantage of the Lux Residential Warranty Program and it's distinction in the market place.

If the home is sold during the warranty period, any coverage remaining on the Lux Home Warranty Program stays with the benefit of subsequent buyers.



LRWP NEW HOME WARRANTY MEMBERS BENEFITS

Lux Warranty Program

Year One – Materials and Workmanship. The program warrants that, during the first year, the Builder will repair Defective Materials and Workmanship as defined in the Program's Warranty Certificate. The program will ensure that the necessary work is complete up to a maximum of $35,000 for Materials and Workmanship covered by the program including those supplied and installed by the Builder, its employees and those trades and others contracted directly by the Builder.

Years One to Eight – Major Structural Defects. Structural defects affecting the load-bearing portion of your new Home are protected for the entire eight years of your policy period up to a maximum of $35,000.00 per residential unit. In the event you are required to move out while major structural repairs are underway, the Warrant allows an additional reasonable relocation expense up to a maximum of $3,500.00.