Manage your liabilities and protect yourself against legal risks by including a new-home warranty on every home you sell.  A warranty issued through the West TN Home Builders Association helps reduce the possibility you will end up in the courthouse by including a mandatory mediation and arbitration clause, providing an opportunity for an issue to be resolved before it turns into legal action.  In addition, our warranty requires the homeowner give you notice of a defect (and also gives you the right to inspect and repair the home), reducing the likelihood of a legal issue.  By including written performance standards, the possibility for confusion or subjectivity about what is and isn’t covered is removed.

In addition to provisions designed to keep you and your homebuyer out of the courthouse, our warranty also provides the following protections:

• Discourages class action lawsuits against the builder under the warranty.
• Discourages awards of punitive damages, money damages, or attorney’s fees under express warranty claims.
• Disincentivizes attorneys from targeting the builder since financial awards are not available under express warranty claims.

Remember that no form of insurance or warranty can guarantee that you will not be sued for a construction defect; however, having third-party warranty protection offers additional protection and peace-of-mind.