FOR IMMEDIATE RELEASE
RWC Warranty Maintains "A- (Excellent)" Rating from A.M. Best
Harrisburg, PA. Residential Warranty Company, LLC (RWC) has provided over 2 million new home warranties to builders across the country since 1981. These written warranties, as well as warranties issued by affiliate MHWC, are insured by Western Pacific Mutual Insurance Company (WPMIC), a Risk Retention Group, located in Denver, Colorado. WPMIC has successfully maintained its "A- (Excellent)" rating by A.M. Best based on its performance through 2007. The rating reflects the risk retention group's sound capitalization, historically favorable operating performance, positive cash flow position, and conservative reserve levels. Additionally, the rating recognizes WPMIC's history of maintaining sufficient capital to support its ongoing obligations and the effective management of its long term exposure to loss.
The A.M. Best Company is the oldest, most experienced rating agency in the world and has been reporting on the financial condition of insurance companies since 1899. Best's Ratings represent the current and independent opinion of a company's financial strength and ability to meet obligations to its policyholders. A Best's Rating is assigned after an extensive quantitative and qualitative evaluation of a company's financial strength, operating performance and market profile.
As the largest provider of new home warranties in the nation, RWC, insured by WPMIC, provides a variety of warranty options:
Most RWC warranties contain a method for resolving disputes which includes binding arbitration. This procedure helps protect all parties: builder, homeowner, RWC and the general liability carrier. It also minimizes claims and construction defect litigation, all of these factors providing a comfort level to the insurers of RWC Insurance Advantage.
RWC is committed to providing the strongest, most versatile warranty programs as well as offering access to a competitively priced insurance product. To obtain a general liability insurance quote from RWC Insurance Advantage, call 1-866-454-2155. Note: An insurance quote can be given to a non-RWC member after a short application is completed and returned to RWC Insurance Advantage; however, insurance cannot be bound until membership in RWC is approved.
Some programs and options are not available in all areas. For availability and more information about Residential Warranty Company, LLC or any of the plans mentioned, call 800-247-1812 ext. 2139 or click on the link on our website to request your insurance quote today.
Revised 6-08
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