Download or read book Attitudes of Home Builders in Guelph Toward the Proposed Warranty and Insurance Protection Plan for New Home Buyers written by University of Guelph. Department of Consumer Studies and published by . This book was released on 1975 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New home Buyers and Federal Agencies Benefit from Improved Warranty Protection written by United States. General Accounting Office and published by . This book was released on 1981 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Insured Building Warranty Plan for Home Buyers written by United States. Department of Housing and Urban Development. Office of International Affairs and published by . This book was released on 1974 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Warranty and Insurance Protection Plan for New Home Buyers written by Housing and Urban Development Association of Canada and published by . This book was released on 1980 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Development written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO reviewed the private and State warranty programs that were developed to protect home buyers from construction defects in new houses. The review was made to assess the growth of these warranty programs and the protection that they provided through federally assisted housing programs. Until recently, new-home buyer's protection from construction defects was limited to that described in the purchase contract. This has generally been replaced with warranties that define the builder's responsibility to correct construction defects. However, enforcing these warranties is difficult when builders refuse to or cannot make repairs. To help alleviate this problem, the insured warranty concept was developed. These new warranties: (1) protect the home buyer during the builder warranty period if the builder cannot or will not stand behind the warranty; (2) provide 10-year insurance against certain major stuctural defects; and (3) include an inexpensive and independent process to settle claims. Federal agencies have taken initial steps to use insured warranties in their housing programs. Several benefits are derived from using insured warranties on federally assisted houses, including: (1) furthering the desire to encourage improved home warranty protection; (2) providing home buyers with improved warranty protection; (3) reducing Federal expenses for correcting structural defects; and (4) reducing Federal construction inspections.
Download or read book Study for a Warranty and Insurance Protection Plan for New Home Buyers written by Housing and Urban Development Association of Canada and published by . This book was released on 1973 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Homeowner Protection Plans written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development and published by . This book was released on 1992 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Final Report written by J. Douglas Cunningham and published by . This book was released on 2017 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this Final Report, I present recommendations on how to reform new home warranty legislation and the delivery of programs under that legislation to best serve Ontario's new home buyers and owners, the builders who build those homes, and others involved in the home building industry. This report addresses broad concerns about the best overall model for delivering new home warranty protection, builder and vendor regulation, dispute resolution, and rule-making, as well as specific questions about program content and process."--Introduction.
Download or read book A Guide to Insurance for New Home Builders and Renovators written by Canada Mortgage and Housing Corporation and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide has been prepared to provide new home builders and renovators with information about insurance and to assist them in making effective and knowledgeable decisions about purchasing insurance coverage. The guide is based on a report, Variability in Construction Insurance and Alternative Solutions, prepared by Marsh Canada Limited.This report was commissioned by Canada Mortgage and Housing Corporation (CMHC) to offer a comprehensive look at the risks in the construction industry and traditional and non-traditional means of insurance protection.
Download or read book National Review of Home Builders Warranty Insurance and Consumer Protection written by and published by . This book was released on 2002 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Insured Building Warranty Plan for Home Buyers written by United States. Department of Housing and Urban Development. Office of International Affairs and published by . This book was released on 1974 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Warranties for Builders and Remodelers written by David S. Jaffe and published by Builderbooks. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition helps inform and protect builders and remodelers. It addresses the changes to state statutes of repose applicable to construction and changes and additions to the mandatory notice provisions in states that have these laws.
Download or read book Review of Complaints of New Home Buyers in Guelph and Procedures Taken to Resolve These Complaints written by University of Guelph. Department of Consumer Studies and published by . This book was released on 1976 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Primer for Builders written by National Association of Home Builders (U.S.) and published by . This book was released on 1978 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Homeowner Warranties and Building Codes written by Carl R. Gwin and published by . This book was released on 1997 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buying a new home involves particularly unique risk because no one knows for sure if everything works. Two sources available to new home buyers to guard against risk are Building Code Enforcement by local government and Homeowner Warranties. Our purpose in this paper is to assess their effectiveness in assuring builders exert the level of effort necessary for optimal workmanship. We contend the answer to this question lies in how effective a Homeowner Warranty or Building Code Enforcement is in overcoming a moral hazard problem associated with unobservable builder effort. Builders have an incentive to claim and charge for high unobservable effort level in constructing homes, but actually exert low effort to earn higher profits. We find that a Homeowner Warranty increases the unobservable effort of the builder, but cost minimizing behavior by the builder results in an effort choice less than the most efficient level. On the other hand, Building Code Enforcement essentially converts unobservable builder effort to observable effort and efficient effort is indeed possible if enforcement cost is justifiable. We then assume the existence of a local Building Code and delineate the optimal provisions of a Homeowner Warranty. The model is generalized to allow for an evaluation of which items in a new home should be covered by a Building Code, a Homeowner Warranty or both. The results of our model are consistent with our findings from a preliminary survey of local builders and hold even if builders are compensated for good reputation.
Download or read book Insurance in Residential Construction written by Canada Mortgage and Housing Corporation. Research Division and published by . This book was released on 2004 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Canada, home builders acquire protection via various forms of insurance, including, among others, builders risk insurance, wrap-up general liability insurance and contractors comprehensive general liability insurance. Together, these types of coverage, whether purchased on a project-by-project or continuous basis, not only provide builders with protection for loss and liability throughout and following construction projects but also act as a means of securing the interests of financial stakeholders associated with the project(s). This study was designed to satisfy the following key objectives: Ÿ Develop an understanding of the issues surrounding builders risk insurance; and Ÿ Develop an understanding of the issues surrounding post-construction liability insurance. Primary research for this study consisted of conducting nationwide interviews of residential construction companies, insurance underwriters and brokers, and associations and lending organizations, while secondary research consisted of documentation and literature reviews of previously published articles, research and proprietary association and company materials. According to the research conducted, the insurance market for all types of commercial coverage has hardened over the last three years. A "hard" market designates an environment characterized by rising prices and reductions in capacity to underwrite insurance. The market has reacted to the events of September 11, reductions in reinsurance capacity, poor underwriting results and a difficult investment climate. The insurance industry's appetite for insuring residential construction projects has been particularly weak in response to widely publicized catastrophic fires at construction sites at several different locations across Canada and the emergence of new risks such as mold and terrorism. The insurance market for residential construction is contracting, with lower risk tolerance and fewer companies participating in the market. Over the last three years, home builders have identified construction insurance as a critical problem area with reports of higher premiums and deductibles, reduced levels of coverage, new warranties and conditions attached to the policies, as well as refusals of coverage. These recent developments are a cause of concern in the housing industry with respect to the cost and availability of insurance. The cost of insurance ultimately affects housing affordability and the profitability of the home builders' business.
Download or read book Housing Preferences in Guelph written by Guelph, Ont. Dept. of Planning and Development and published by . This book was released on 1976 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
