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APP is a unique program for builders and developers of residential real estate (which can include limited, light commercial) which combines General Liability Insurance and a 2-10 HBW insurance-backed Structural Warranty to best protect your business assets. The Real Estate Proactive Program (REPP) incorporates many of the same features as APP (combining insurance, warranties and inspections), and is designed for banks and investors who are saddled with foreclosed real estate properties. Both of these programs are offered by 2-10 HBW in conjunction with Insurance Specialty Group (ISG). 2-10 HBW and ISG have a multi-year strategic alliance focused in these areas. 2-10 HBW is the warranty provider that qualifies for APP and REPP. ISG provides the insurance expertise, and has underwriting authority with insurance companies. APP has produced over $700 million in insurance premiums since its inception in 1998. One of the nation’s ten largest banks participates in the REPP. APP and REPP include the 2-10 HBW Warranty as the primary shield to builders, banks and developers. The 2-10 HBW Warranty helps capture construction defect claims IN CONTRACT, rather than tort law. The express 2-10 HBW warranty replaces unpredictable implied warranty laws and facilitates dispute resolution of warranty claims in arbitration via the Federal Arbitration Act. The insurance companies ISG represents are all “A” rated with many years of experience in construction defect (CD) claims. CD claims normally occur several years after a new home is constructed, and the exposures last until expiration of the applicable statute of limitations. For more information on these programs, contact Jerry McGrath at 800-488-8844 |