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Why
is a MoistureFree Warranty necessary?
Answer:
There are a variety of issues associated with EIFS homes that can
be mitigated with a MoistureFree warranty.
To name a few: the stigma associated with stucco homes; reluctance
to list, show, or view/buy stucco homes; preserve asking price/value;
protection for all parties involved; protection against repairs
failing/moisture intrusion; peace of mind; approved inspection protocol
and repair standards.
What
does the MoistureFree Warranty cover?
Answer:
The warranty provides payment for repairs related to the stucco if
elevated moisture levels are found during the term of the warranty.
It pays to modify or repair the affected area so it can be dry
again.
How
do we purchase a warranty?
The home must be inspected by a
qualified moisture inspector following the MoistureFree Warranty
Inspection Protocol. The inspection report then should be submitted to
Moisture Warranty Corporation (MWC) for review along with a warranty
application form that has been completed by the inspector. MWC will
contact the homeowner with any modifications and repairs that need to be
completed before a warranty can be written, those repairs are made, and a
remediation (second) inspection will be completed to ensure that the
repairs have been completed according to protocol. (MWC can provide the
homeowner with a list of quality repair contractors in their area.) Once
these steps have been satisfactorily completed, a MoistureFree Warranty is
placed on the home.
Is
the warranty transferable to subsequent homeowners and can it be renewed
at the end of the term?
Answer:
Yes. The warranty is fully transferable and can be renewed
following a qualifying protocol inspection.
Who
backs the warranty?
Answer:
The MoistureFree Warranty is backed by the RWC Stucco Warranty
Company (RWCSWC). RWCSWC and its affiliates have over 20 years of
experience in the home warranty business.
I’ve heard of other
warranty/guarantee programs in our area. How do they differ from the
MoistureFree Warranty?
Answer: The
MoistureFree Warranty is the only national third-party warranty without
the potential conflicts of interest inherent with a guarantee from a
repair contractor. Without knowing specifics, generally speaking, most
other programs are backed by a single insurance policy on the company and
are not geared to multiple homes. Several large claims can put these
programs out of business, leaving the homeowner at the mercy of his/her
own pocketbook. In addition, many times these programs demand that you use
their inspectors and that all repairs are done by those same inspectors.
We see this as a potential conflict of interest.
At MWC, we give YOU those choices.
You choose the inspector, and as long as that inspector uses our
inspection protocol, we are able to accept his/her report. You then choose
the repair contractor, and as long as repairs are made according to our
Repair Standards and Options, we will write the warranty (MWC Inspection
Protocol and Repair Standards and Options are available to inspectors and
repair contractors who visit our web site).
In some states, MWC has the only
approved warranty by that state’s insurance commission.
As a Realtor, how can I become
involved with MoistureFree Warranty?
Answer:
You need only refer homeowners to us. We will do the rest. For each lead,
you will receive a referral fee for every Three and/or Five-Year Warranty
that is sold. Upon request, we will provide you with kits, brochures, and
yard signs.
How does having a MoistureFree
Warranty affect the sale of a stucco home?
Answer:
Having a MoistureFree Warranty can reduce the time the home is on the
market by as much as 50%. From 3% to 16% of the sales price can be
maintained by having a MoistureFree Warranty on the home. On a $250,000
home, that can range from $7,500 up to $40,000 in home value protection at
the time of sale.
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