A Quick Guide to Your 10-Year Structural Warranty

Posted & filed under 250 SunSmart homes, Brevard Solar Powered Homes, Builder Warranty, Buying a Home, Indian River County New Homes, New Homes Brevard County, New Homes in Melbourne, New Homes in Palm Bay, New Homes Merritt Island, New Homes Viera, Sebastian New Homes.

Every home built by LifeStyle Homes is backed by a 10-year structural warranty provided by 2-10 Home Buyers Warranty. Oftentimes, our homebuyers ask us to explain exactly what a structural warranty is, its benefits, and the coverage differentiation between a structural warranty and homeowners insurance.

Here’s a quick guide to the structural warranty coverage that comes with each LifeStyle home.

What is LifeStyle’s 10-year structural warranty?
It’s an insurance-backed warranty that provides 10 years of structural defect coverage from the day of closing. The structural warranty provides a written agreement between LifeStyle Homes and the homeowner. It clearly defines LifeStyle’s work-product obligations related to construction quality.

What does a structural warranty cover?
It protects designated load-bearing elements of the home, including roof framing, load-bearing walls, beams, columns, foundation, and floor framing. A structural warranty covers specific types of structural defects: actual physical damage to load-bearing elements of a home that result in failure of its load-bearing function.

What is a structural defect?
A structural defect is defined as actual physical damage to the designated load-bearing elements of the home caused by failure of such load-bearing elements, which affects their load-bearing functions to the extent that the home becomes unsafe, unsanitary, or otherwise unlivable. Structural defects are most often caused by soil movement or settlement.

What are the features and benefits for homeowners?
With a 10-year insurance-backed structural warranty, your LifeStyle home is protected from structural defect from your closing date. Your structural warranty provides worry-free protection when it’s needed. 2-10 Home Buyers Warranty offers the most comprehensive warranty coverage of any warranty available.

What is the difference between homeowners insurance and a structural warranty? Why are both needed?
Homeowners insurance provides financial compensation for losses that occur as the result of covered events, such as storms, fire, theft, and other disasters. It does not cover a home’s failure as the result of normal wear and tear to systems and appliances and/or structural failures. A structural warranty, on the other hand, does cover physical damage to load-bearing elements, resulting in the home being unsafe and unlivable. It does not cover failures of structural components due to natural or other disasters.