CRS-Third Party Warranties

Third Party Insurance Backed Warranties

The TRCC has defined what a Third Party Warranty (TPW) must do to be compliant with the rules that have been passed by the commission and can be found in Title 10, part 7 Chapter 303, Subchapter D of the Texas Administrative Code (TAC). Rule 303.251 of that chapter states:

To effectively transfer a builder's liability under one of the warranties set forth in Chapter 304 of this title to an approved third-party warranty company, the third-party warranty company must agree to:

(1) fully assume, without reservation, a builder's warranty obligations created by the Act; and

(2) make full payment for or repair any construction defect determined in an action to be covered by those warranties.

If you buy an Insurance backed third party warranty, be certain that it is fully compliant with the TRCC.

Comprehensive Risk Solutions represnts only those companies that are fully TRCC compliant. We do not want to have our builders and remodelers buying a product or service that fails to properly protect them, their customers or their business.

Contact us. Let us explain what a Third Party warranty company should do for you!

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