Knowing your 2/10 Warranty
The state of Indiana passed an implied warranty “habitability and workmanship like construction”. In 1986, the Indiana Builders’ Association approached the Indiana General Assembly to clarify and address the situation, and in 1987 they passed a law that provided for the following:
If a builder:
Warranted the home for a period of 2 years and
Warranted the roof systems for a period of 4 years, and
Warranted the house structurally for a period of 10 years, and
Backed the entire warranty with an insurance program that would provide coverage if something would happen to the builder, then the “implied warranty” would be waived
The PROFESSIONAL WARRANTY CORPORATION (PWC) 2-10 extended warranty program for Indiana does all those things. Under the program:
Coolman Builders “warrants” your home for 2 full years against construction defects
Coolman Builders pays a one-time insurance premium to Professional Warranty Corporation to:
Insure roof defects in years 3 & 4
Insure against major structural defects in the years 3 thru 10
Act as the builder if, for any reason, the builder is unable to preform
In addition, the program provides for an arbitration procedure in instances of irreconcilable differences between the builder and the buyer over warranted items.
We feel this is simply the best, most comprehensive warranty in the business. Coolman Builders own warranty & service backed up by PWC!
“After being in my new home for a year I am very happy with everything Coolman Builders did. I am especially happy with their 2 year warranty. If there is a problem they are here within a few days to fix it ”