At the conclusion of its first decade, Home Owners Warranty Corp. (HOW) President Robert J. Reid predicted that the home insurance firm will experience sound and stable growth in its second 10 years.
"In HOW's first 10 years alone," he said, "1.36 million homes have been enrolled by HOW builders in our 10-year protection plan. More than 11,500 home builders now participate in HOW and account for one out of every four homes built in the United States.
"HOW has paid more than $114 million in claims since its inception."
HOW was founded by the home builders association in 1974 and became a member-owned company in 1981. It is the only insured warranty program endorsed by the association.