FOR IMMEDIATE RELEASE
September 14,
2005
Contact:
Kay
Birdsong Candler
404.351.6616
kayc@moisturewarranty.com
Moisture
Warranty Corporation
Introduces
MoistureFree Warranty For Commercial Properties
Leading Protector Of Residential Properties Expands Its Product Line
CHARLOTTE—September
14, 2005 -
Moisture Warranty Corporation
(MWC), the nation’s leading moisture
warranty company for protecting residential properties from moisture
intrusion, has announced its new MoistureFree Warranty for protecting
commercial properties from moisture intrusion problems.
The Commercial MoistureFree Warranty, available for
terms up to five years and $1 million of coverage, is offered nationwide
for most exterior cladding systems, both new and existing construction.
Backed by Western Pacific Mutual Insurance Company, an A+ rated company by
A.M. Best, coverage is both renewable and transferable. Warranty pricing
varies based on the associated risk of the property, but the warranty
coverage is considered in the industry to be both affordable and
critically necessary.
To qualify for a MoistureFree Warranty, existing
commercial properties are evaluated for existing moisture intrusion
problems. Third-party inspectors are used to inspect buildings for
moisture intrusion and provide a thorough inspection report to MWC. MWC
then analyzes the report and provides a detailed repair analysis of
modifications and repairs required for the property to be warrantable. MWC
can also conduct American Society for Testing and Materials (ASTM) testing
on critical components of the building in order to engineer specific
moisture prevention solutions for their clients.
Once the modifications and repairs have been
completed, a specialist from MWC ascertains the building is up to MWC
warranty standards and a MoistureFree Warranty is issued on the building.
During the term of the warranty, if the building suffers moisture
intrusion as a result of the cladding system, MWC pays to get it dry.
On new construction, MWC specifies the installation
procedures that are necessary to protect the building from moisture
problems related to the cladding system. Interim onsite inspections verify
the system is being installed to MoistureFree Warranty standards.
“The commercial building market has operated with a
responsibility void for problems related to exterior moisture,” says
Chris Burton, president of MWC. “When a problem is discovered, the
parties involved often start pointing fingers at each other, which often
leads to few solutions and many law suits. The Commercial MoistureFree
Warranty eliminates this void by taking full responsibility for the
performance of the exterior cladding. When there is a moisture problem,
MWC can help engineer a solution and warrant that solution to avoid this
responsibility void. This is a very unique and new benefit to the
commercial property owners.”
Many commercial properties have been susceptible to
moisture intrusion problems. Often, those problems present themselves as
interior air quality issues related to mold. Owners of both new and
existing commercial buildings have become very aware of moisture and mold
problems that can potentially harm their building, its occupants, and cash
flow. The Commercial MoistureFree Warranty was designed to address the
moisture element of the problem, which is the first step for controlling
potential mold problems related to the exterior cladding. Liability
litigation has become a hot topic in the commercial building and
management fields.
MWC gained wide recognition as service provider for
the national class action settlement involving Dryvit Systems, the
nation’s largest synthetic stucco manufacturer. That settlement closed
to claimants in June 2004.
Persons
interested in the new Commercial MoistureFree Warranty should call
1-800-400-8679
ext. 152 for more information or visit the web
site at www.moisturewarranty.com.
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