According to reports prepared for the Department of Housing and Urban Development (HUD), 10 of every 1000 homes (1%) will suffer major structural damage as the home ages. That’s more than the number of homes having a major fire resulting in serious property damage (9 in 1000). What’s more, since 1977, the warranty industry has paid out over $1 billion dollars to repair warranted structural defects. While structural defects do not occur in every home, they DO occur.

The average cost to repair a structural defect in a home in this country has grown to over $30,000. Homeowner’s insurance usually does not cover structural defects. With AmeriGuard’s Structural Coverage, the homeowner’s out of pocket expense is limited to a minimal service fee of $250 for covered structural failures. Buyers are reassured that if a costly structural defect develops in a home they are considering purchasing, AmeriGuard can help them protect their investment without emptying their wallet. The Home Inspection Option must also be selected in order to obtain the Structural Coverage.