Home Builder Responsibility: The Implied Warranty Obligations That May Surprise You

Tuesday, January 19 | 10:00 - 11:00 AM
Location: North 252

Format: Building Knowledge Session 
Level of Content: Intermediate 

Appropriate for: Single Family - All, Single Family - Custom, Single Family - General Contracting

Track(s): Financing Strategies, Market Forecasts & Legal

Speaker(s): 
Jim Leach, CPCU, CLU, Insurance Specialty Group, Atlanta, GA | 
Scott Zucker, Weissmann & Zucker, P.C., Atlanta, GA

What It’s About:
When it comes to risk management, being proactive is critical. In this session, you will learn how to implement the foundation for a risk management/loss control program and the processes to enhance the protections afforded by a general liability insurance policy. Implied and written warranty responsibilities will be discussed as well as claims that may arise after the initial warranty period, including the risk of tort actions. The session will also address a buyer's obligations of notice, the home builder's right to repair and how alternative dispute resolution methods may be used to create solutions and reduce cost.

What You'll Learn:
Recognize the difference between written warranties and implied warranties under the law.
Learn the differences between contract claims and tort actions.
Understand buyers' obligations regarding claims, including notice and an opportunity to repair.
Explore alternative methods of dispute resolution, such as mediation and arbitration.

Continuing Education: NAHB - 1.00 CE hour(s), NKBA - 0.1 CEU(s)