FOR IMMEDIATE RELEASE

July, 2009

RWC Launches Another New Option for Builders:

The Conversion Warranty

As the economy continues to contract, many builders are searching for creative ways to generate revenue. Some have taken on more remodeling projects while others ventured into commercial work. We also found an innovative group tackling a bit of a hybrid in converting commercial space into residential space. While not exactly a “new” type of construction by any means, we simply have received more and more requests for warranties on “converted” buildings. So… we are now answering that call from you!

The newest entry on RWC’s “Menu of Choices” is our Conversion Warranty! Those old warehouses, office buildings and schools that are being gutted and turned into various types of living spaces now can be warranted with coverage designed specifically for that type of work. The conversion warranty offers two options: a) 2 Year Workmanship and Materials coverage or b) 5 Year Structural with 1 Year Workmanship and Materials coverage.

The 2 Year Workmanship and Materials option works well with projects that have little or no structural renovation taking place. Standards cover workmanship, materials and selected portions of mechanical systems for two years. The Builder is responsible for warranted defects arising in Year 1 and RWC’s insurer is responsible for warranted defects arising in Year 2.

The 5 Year Structural with 1 Year Workmanship and Materials option is designed for projects that entail an overhaul of the foundation or structural system in the building as well as a non-structural makeover. Major structural defects are warranted for 5 years; workmanship, materials and selected portions of mechanical systems for one year. The Builder is responsible for warranted defects arising in Year 1 and RWC’s insurer is responsible for warranted defects arising in Years 2 - 5.

A primary benefit to the buyer of course is the security factor. Should the builder default in Year 1, RWC’s insurer picks up the obligation. In this day and age, that simple reassurance goes a long way to calming buyer’s concerns when every other headline reports some other builder closing his doors.

There is no additional registration fee needed for current Members to use the new conversion warranty. Simply sign the Conversion Warranty Agreement and you are good to go. Individual projects will be evaluated by our technical staff to determine if they are eligible for coverage. Rates are based on projected annual sales volume. Contact your local Account Executive today for more details. You may also call our Sales Department and request an information package be sent to you by email or regular mail: 1-800-247-1812 Ext. 2149.

RWC... More Options From Us... Means A Better Fit for You!