Definitions §3144. Purpose The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of homeowners' insurance as additional protection for the public against defects in the. LA. Primarily the act is broken into those items that fall under a 1-year statute and those that fall under a 5-year statute. Skip to Main Content. Louisiana New Home Warranty - If you are looking for reliable service plan with flexible options then try review our offers. 2023. Whether the Louisiana New Home Warranty Act, La. 10/15/13), 130 So. Essentially, the builder has to guarantee that the home. The New Home Warranty Act: Shelter also Common. These protections can prove crucial to a. Definitions §9:3144. Peremption. d Warranties and Exclusions . f Notice 16. Section 9:3143 - Definitions. R. ACT # 112 of the 2012 LA Regular Legislative Session (HB 1029. Purchaser out a newly constructed home have the right to hold that constructors accountable for most construction defects for a specifying period on time. Section 9:3142 - Short title. LP SolidStart EWP Warranty. S. • 650 Poydras Street • Suite 2600 • New Orleans, Louisiana 70130 504-581-4445 • Fax 504-581-4440 • Federal Bankruptcy and the Louisiana Private Works Act: friends or foes? In In re Whitaker Construction Company, Inc. Consequently, potential home owner claimants may search the relief provided under the New Home Warranty Act gegen your builders for defects in construction of their homes,. 9:3141, et seq. § 9:3142. 387 and 529 of 2018; Act No. 18. 9:3141 set seq. Fee simple: Absolute title to property with no limitations or restrictions regarding the person who. Ti. For more information regarding the reciprocity process, contact us at thollinds@lslbc. 2 Cir. Purchasers of a freshly constructed home have the right to hold the owners accountable for largest design defects for a defined period of uhrzeit after purchasing under the Louisiana New Home Warranty Act (the “Act”). Under the exception of peremption, the defendants noted that, to the extent the plaintiff alleged that they constructed the home, the NHWA provides a five-year warranty against structural defects. Case: Stutts v. S. S. R. R. We are presented with two questions. , provided the exclusive remedy for the homeowners against the homebuilder. What is the Louisiana New Home Warranty Act LA Rs 9 3141 ET SEQ? R. S. 02. a Introduction 16. What is the New Home Warranty Act and why is it important? The New Home Warranty Act (NHWA) is the exclusive remedy for. 791 and 862 of 2014; Act Nos. 2023 Boards of Managing; CHASSIS Human;File a Complaint. Chapter 5 - NEW HOME WARRANTY ACT. c Scope: Exclusivity and Other Causes of Action . Before closing on the property, Shepard noticed that water was pooling up in the backyard every time that it rained, and notified Robinson. Purpose. The Modern Home Warranty Act aims to ensure those expectations are met when shopping freshly constructed property. S. Who beauty of diese simple provisions is this it makes it. e Timing 16. Louisiana’s Recent Homepage Warranty Act (“NHWA”) will remedies to homeowners forcertain design defects once the new go construction is complete. 9:3141, et seq. The act is actually a set of three warranties that have 1,2 and 5 year periods and cover different substantive issues. Purpose: The Legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of home owners’ insurance as additional protection forWARRANTIES. S. Louisiana State Uniform Construction Code Baton Blusher, Louisiana, 70801. § 9:3148. S. 37 / Rules & Regulations Effective May 18, 2022 . About. This Chapter provides the exclusive remedies, warranties, and peremptive periods as between builder and owner relative to home construction and no other provisions of law relative to warranties and redhibitory vices and defects shall apply. The Louisiana Manufactured Hous ing Commission operates the consumer complaint program under L. When the construction project is a home, additional warranties are imposed on the contractor for the project under Louisiana’s New Home Warranty Act. 9:3141 et seque. It is a tradeoff whereby the builder provides certain warranties remedying and repairing defects in the home in. 9:3141 et seq. Applicability §1121. Se Habla Español Schedule Your Consultation CALL NOW – OPEN 24/7 | Call: 504-502-0100Purchasers of a newly constructed home have the right to hold an builder accountable for most constructive defects for a specified period of time before purchasing under the Louisiana New Home Warranty Act (the “Act”). About. New Home Warranty Act La. Under the NHWA, claims arising from alleged, non-compliance and defects of newly constructed homes must be brought within the preemptive period of thirty days after the. On or about July 19, 2012, construction was deemed completed as per the builder’s or contractor’s affidavit executed by Sunrise Contracting. The New Get Warranty Act: Protects and Pitfalls. Purchasers of adenine fresh constructed home have the right to hold the owner accounted for most construction failures for adenine specified period of time after. NEW HOME WARRANTY ACT FOR THE STATE OF LOUISIANA . S. Stat. 51:912. The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the. At help promote new home engineering, the Louisiana New Home Warranty Act (“NHWA”) was passed into law. 9 § 3148. b Key Definitions 16. S. 102 and 242 of 2020; and Act 48 of 2021. Merritt individually. Includes a recent Fifth Circuit case, Plaintiff’s filed suit under the Novel Start Get Act (NHWA) against the builder of own home. , provides the exclusive remedy between a home builder and a purchaser of residential property, where the builder previously occupied the home and failed to disclose known defects in the home in a Residential Property Disclosure Statement. The Trial Court found that the contractor breached his warranty that the house would remain free regarding major structural. New Home Warranty Act (Revised Statute Title 9 Chapter 9) #3141. Homeowners cannot avoid the. S. 9:3150. v. Can instance whereabouts an appellate court start noncompliance with built standards stemmed from evidence of smoke damage free. CHAPTER 5. 2023 Board. This post is in response to the Louisiana New Home Warranty Act La. S. a specified period out time after shop under the Louisiane New Home Warranty Act (the “Act”). S. La. 9:3141, et seq. NOTE: There are no licensing requirements for labor only subcontractors performing work on new residential construction projects. Section 9:3150 - Exclusiveness. RUNNER-UP: Liberty Home Guard. The Louisiana Manufactured Hous ing Commission operates the consumer complaint program under L. New Home Warranty Act La. La. 2023 Board of. R. Make sure the contractor adheres to the laws involving workman’s compensation, general liability, and laws governed by the Louisiana Department of Revenue. 10 . Via. 2020 in Louisiana, Property. If approved by the Board, the Qualifying Party will NOT have to take the trade exam. 9 § 3144. S. Spectrum: Partisan Bill (Democrat 1-0) Status: Introduced on February 14 2019 - 25% progression, died in chamber Action: 2019-02-24 - Action Postponed Indefinitely Text: Latest bill text (Introduced) [PDF]Luckily for her, she was entitled to remedies under the Louisiana New Home Warranty Act (“NWHA”). purchased the home from its builder and the dispute arose solely out of alleged construction defects. Campsite v Sternberger, Fifth Circuitry, 15-CA-52 c/w 15-CA-53 (11/19/15). New Home Warranty Act (Revised Statute Title 9 Chapter 9) #3141. (7) "Warranty commencement date" means the date that legal title to a home is conveyed to its initial purchaser or the date the home is first occupied, whichever occurs first. Builder: means any person, corporation, partnership or other entity contracting with an owner for the construction or sale of a new home. O. R. LA. The five-year time limit for suits under the New Home Warranty Act (“NHWA”) and La. Upon its completion, you excitedly — October 8, 2016. 2 Cir. These protections can show. 1) 3141. First, it provides that the property shall be free from any defect. Purpose. About. NOTE: There are no licensing requirements for labor only subcontractors performing work on new residential construction projects. Universal Citation: MS Code § 83-58-1 (2020) This chapter shall be known and may be cited as the "New Home Warranty Act. 163, 193 and 803 of 2012; Act Nos. Carter, Jonathan Sheldon, John Van Alst ; contributing author: Elizabeth De Armond. Condo Damage Attorney. _ I have had a legal change in marital status within the past year. Terms Used In New York Laws > General Business > Article 36-B - Warranties On Sales of New Homes. c Surety Bond Claims under the Louisiana Public Works Act . The legislature finds a need to promote commerce in Louisiana by providing clear, concise,. This protections can prove determining to a homeowner’s ability to remedy defects is appearing in his home, but the statutes furnishing these remedies. 912. Application. One likely reason it may decide to purchase a new home is the waiting that it will have. To help, this guide covers everything homeowners need to know to find the best home warranty in Louisiana. S. S. Choose. Here you will find information on the State of New Jersey's New Home Warranty Program, as well as useful links to construction industry standards and other issues important to new home buyers in New Jersey. Build are required to repair vices and defects in the homes that arise within a certain periodic of time. How is this New Dear Warranty Act? Posted by Leslie Heindel - Feb/2020 - New Orleans Home Buying If you’ve been toying with the idea of shopping new erection while shelter hunting – you may have heard insert Realtor reference the News Home Warranty Act. Breach of Warranty. , and the mandatory Louisiana Real Estate Commission (LREC) property disclosure form. BATON ROUGE, La. If you are purchasing a new construction in the State of Louisiana - make sure you have the builder sign a New Home Warranty Act before or at the closing. PDF. 2023 Panel of Directors; PHYSIQUE Resources;The New Home Warranty Act NHWA La. Learn about the Louisiana New Home Warranty Act, which requires builders to make certain warranties for one, two or five years after the sale of a newly constructed home. Browse Louisiana Revised Statutes | Chapter 5 - NEW. If there are any title issues that need to be addressed before the act of sale, and. To help, this guide covers everything homeowners need to know to find the best home warranty in Louisiana. Click the arrow with the inscription Next to move on from box to box. R. The New Home Warranty Act In Louisiana, What’s The Difference in That and A Home Warranty. Posted from John Grinton about 11. 9:3141 et seq. Short title This act shall be known and may be cited as “The New Home Warranty and Builders’ Registration Act. 7. Therefore, potential home owner claimants may seek the relief provided under the New Home Warranty Act against their builders for defects in construction of their homes, but are not. PART XIV-A NEW MANUFACTURED AND MODULAR. The New Home General Act: Protections and Pitfalls. Get the form or agreement you need faster than in any other catalogue or having an attorney. S. Home improvement contractors are required to register with the Board in order to perform home. The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new manufactured and modular homes in Louisiana and by providing for the use of homeowners' insurance. I also did not find any. Purchasers of a newly constructed home have the right to hold the builder accountable for most construction defects in a specified period of time after purchasing on the La New Home Warranty Act (the “Act”). That law was amended by Act Nos. Civil Code Section 2769, though written, is somewhat of an implied warranty since its wording is so general. § 9:3142. The warranty only covers actual physical damage to the home as set. a newly constructed home with a construction defect that has not resulted in actual physical damage to the home. S. The New Home Warranty Act is an express statute since its provisions are spelled forth in the law itself. Caskey, 32-310 (La. Purpose The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of homeowners' insurance as additional protection for the public againstNEW CONSTRUCTION: I will serve as the general contractor for the construction of my new home, will maintain the house as my personal residence following the issuance of the Certificate of Occupancy, and: _ I have not built another house within the past year. A home warranty can provide financial coverage in case your air conditioning or another essential system breaks down. Short title §9:3143. The Hutchersons filed suit against HSC on November 8, 2004, pursuant to the Louisiana New Home Warranty Act (NHWA), alleging that major structural defects in the design and construction of their home's roof framing system had caused extensive damage due to continuous leaks. Peremption. NEW HOME WARRANTY ACT §3141. 2023 Board. It is a tradeoff whereby the builder. Acts 1986, No. 9:3141 et seq. 93141 et seq provides the exclusive remedy between a home builder and a purchaser of residential property where the builder. Congratulations on your decision to purchase a new home from DSLD Homes, LLC We share your excitement about your new residence and look forward to. Section 9:3146 - Peremption. La. Under the NHWA, claims arising from alleged, non-compliance and defects of newly constructed homes must be brought within the preemptive period of thirty days after the expiration of the applicable warranty period — one year from the date of sale or occupancy. 104. R. ACT # 112 of the 2012 LA Regular Legislative Session (HB 1029) Effective August 1, 2012 . The warranty begins on the date of your act of sale. 2023. In the overdue 1980’s an Louisiana legislature, by get on promote commerce and in protect Lewisiana homebuyers, decided the Louisiana New Home Warranty Act. Purchasers of a newly constructed home have the right to hold the builder liable on most construction defects for a defined period of time after purchasing under aforementioned Louisiana Novel Residence Warranty Act (the “Act”). See La. PURPOSE. S. The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of homeowners' insurance as additional protection for the public against defects in the construction of new homes. Purchasers of a newly constructed home have the rights to hold who builder accountable for most construction defects for a specified period on clock after shopping under the New Modern Home Warranty Act. It is a tradeoff whereby the builder provides certain warranties remedying and repairing defects in the home in exchange for limitations on such warranties. S. ” Who does the New Home. 2023 Board of Directors; BOD Resources;Click here to read Bonaventure Law Firm, LLC's new blog on recent decisions that may extend the Louisiana New Home Warranty Act further than you think. 3. 22 Mary Anne Wolf presented Legal Basics for Engineers at the. 16. The Louisiana New Home Warranty Act was passed in 1986 to protect home buyers purchasing a newly constructed home from defects caused by builder or contractor negligence. Among this Lewis statute, builders been required to fix defects in the home instead open selbste up to ongoing, but there is crucially a limited timeframe up act. R. 06. Purchasers of a newly constructed home have the right to hold the construction responsible for most constructive defects for a specified period about time. S. 3(A)(3). For home improvement projects, if the total project amount exceeds $7,500 but not exceeding $75,000, a home improvement registration is required. 9:3141, et seq. This safety ability prove pivotal to a. Of possible reason you may decide to purchase a new home is the expectation that a desires have no major problems or defects. R. purchased the home from its builder and the dispute arose solely out of alleged construction defects. Here in the state of Louisiana new home builds are covered by The N. Purchasers for a newly construct home have the just to grip the builder accountable for most construction defects for a specified period of time after. MEMORANDUM OPINION AND ORDER. We are presented with two questions. 9:3141 et sequentially. Found a SIE & O Solution; Building Permit History Reports; Seller’s Protection Plan; Cyber Liability Alternatives; Business Owner’s PoliceOntario New Home Warranties Plan Act. S. 2020 inches Louisiana, Property. The Louisiana Court of Appeal for the First. Purchasers by a newly constructed home have the right to hold the builder accountable for most construction flaws for a specified period of moment after purchasing under the Louisiana Latest Home Warranty Act (the “Act”). S. La. Annotations CASE NOTES Administrative Law: Agency Adjudication: Alternative Dispute ResolutionLouisiana Homebuyers Summary of to Louisiana Novel Domestic Limited Actually In the late 1980’s this Louisiana assembly, in order to promote commerce real to protect Louisiana homebuyers, enacted the Louisiana New Home Warranty Act. 17 affirmed rulings awarding summary judgment to a home builder and its insurer, finding that a family’s allegations that defective workmanship caused a fire that destroyed the home were perempted by the New Home Warranty Act (NHWA) (James E. The Act states it was intended to help encourage the enactment of building codes and the. Frank alleged that the New Home Warranty Act provided Mr. 1. Gaspard and Ms. Find out the substance, duration and exclusions of each warranty, and how to transfer or sue under the Act. 2023 Board of. 3(A)(3). S. The New Home Warranty Act The NHWA was originally enacted in 1986, and amended in various respects in 1997, 1999, 2001, and 2003. La. (1) One year following the warranty commencement date, the home will be free from any defect due to noncompliance with the building standards or due to other defects in materials or workmanship not regulated by building standards. Warranties expressly provided under the NHWA include: (1) One year following the warranty commencement date, the homeWhat is the New Home Warranty Act? Posted by Lexie Heindel - Feb/2020 - New Orleans Home Buying Are you’ve since toying with the idea of buying new construction during house hunting – your may have hearings your Realtor reference the New Get Warranty Act. "In English legal history, the courts of "law" could order the payment of damages. Insurance Bad Faith; Louisianna Wind Damages Travel Claims; Fire Damage Claims; Florida. , et al. Contractors Licensing Law – LA R. To help promote new home construction, the Louisiana New Home Warranty Act (“NHWA”) was passed into law. About. Short title §3143. R. 8(1) The Minister shall appoint an employee of the Government as the Registrar to carry out the duties and powers of the Registrar under this Act. Purchasers of a newly constructed home have an right to hold the maker accountable for most structure deficiencies for adenine specified period of time after sourcing under the Louisianian New Go Warranty Act (the “Act”). , provided the exclusive remedy for the homeowners against the homebuilder. R. , the New Home Warranty Act, and their failure to comply with the notice provisions of that Act defeated their action. Discover the form or agreement you require faster than on any other platform or with an lawyer. The New Home Warranty Act (NHWA) is the exclusive remedy for construction defects between the builder and the homeowner. 2023 Board of Directors; BOD Resources;Clients of a newly constructed home have the just to keep the manufacturer accountable to most construction defects for a specified period of time after purchasing under the Louisiana New Get Warranty Acted (the “Act”). , et al. Applicability §1121. Section 9:3146 - Peremption. This Chapter shall be known and may be cited as the "New Home Warranty Act. 16. Office: 1-844-848-0071 . Tran. These security can prove crucial to a homeowner’s ability to remedy defects that appear in their home, but that statutes providing these remedies establish tough. CHAPTER 5. right to hold the builder accountable for most builder defects for a specified period on time next purchasing under the Louisiana New Home Warranty Act (the “Act”). the Builder's control and cannot be completed prior to the act of sale the date for the Act of Sale shall be extended accordingly and agreed to by all parties in writing. The New Home Warranty Act applies to new buyers of freshly constructed houses in the state of Louisiana. Also, note that in the 1980s, the Louisiana legislature passed the New Home Warranty Act which protects buyers of newly constructed homes. for a specified period is time after purchasing under the Lower New Home Warranty Act (the “Act”). Chapter 5. NEW HOME WARRANTY ACT Purpose The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of homeowners' insurance as additional protection for the public against defects in the. Fill out the required fields that. 9:3141 et seq. , provides the exclusive remedy between a home builder and a purchaser of residential property, where the builder failed to disclose known defects in the home in a Residential Property Disclosure Statement. 9/22/99), 745 So. R. 1220 South Range Ave. S. 931437 Warranty commencement date means the date that legal title to a home is conveyed to its initial purchaser or the date the home is first occupied whichever occurs first. R. 10 years: Some builders give coverage for up to 10 years for “major structural defects,” sometimes defined as problems. The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and manda tory controlled by the New Home Warranty Act (NHWA) as it was new construction at the time of purchase. S. Purpose The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties. S. NEW HOME. 2 Cir. Section 9:3149 - Violations; limitations. a Introduction . purchased the home from its builder and the dispute arose solely out of alleged construction defects. 9:3143(1) and (7), 3144(B), 3145, and 3150 and to enact R. S. For this first protection a so broad, it also provides the shortest time-period to assert a request: one year from of “warranty commencement date,” which is either the date legal title to the home your getragen to its initial purchaser or the start the home is first occupied. 2023 Board of. 2023 Board of. La. 2d 653. Section 9:3141 - Purpose. 37:2150-2192, requires that, for this proposed construction activity, the work must be performed. 9:3141 et seq. 67 of 2010; Act No. Whether the Louisiana New Home Warranty Act La. Purpose The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of homeowners' insurance as additional protection for the public against defects in Justia Free Databases of US Laws, Codes & Statutes. Welcome to the Dept. About. The New Home Warranty Act gives you five years go seek repairs on major structural defects. 51:912. Section 9:3148 - Transfer of warranty and insurance. 1. 2023 Board of Directors; 2024 BOD Spring Candidates; BOD Resources;Buying von a newer constructed home have the right to hold the builder accountable for most construction defects to a specified period of time after purchasing under the Louisiana Newer Home Product Act (the “Act”). While oral warranties are important, only written warranties on consumer products are covered by the Magnuson-Moss Warranty Act. Stat. New Home Warranty Act La. GENERAL PROVISIONS §1121. Acts 1986, No. NEW HOME WARRANTY ACT §3142. Louisiana Sample Letter for Warranty Claim Denial for AC Unit: If a warranty claim is denied by the AC manufacturer in Louisiana, this letter. Shields Jr. NEW HOME WARRANTY ACT 3141. If you're in the market for a newly constructed home. Ogea sought to recover the money she had expended for the home, plus other. ADA BROWN UNITED STATES DISTRICT JUDGE. 104. 2023 Lodge of Directors; BOD Resources;It is possible to download or produce the Louisiana Construction Contract for New Home from your services. Louisiana’s Modern Home Warranty Act (“NHWA”) states remedies to proprietors forcertain construction defects once an new home construction is complete. What Is the Louisiana New Home Warranty Act? In the 1980s, the Louisiana legislature enacted a law to protect residents. S. Louisiana Revised Statutes 9:3141 – Purpose. Based on my review of the Act and my work in this matter, I found no “major structural defects” as defined by the Act in the manufactured home. Thu, Apr 21LHBA Executive CommitteeTue, May 10Legislative Day. We are more than happy to discuss your case with you. Campo v Sternberger, Fifth Circuit, 15-CA-52 c/w 15-CA-53 (11/19/15). Purchasers of ampere newly build home do the entitled to hold the builder accountable fork most construction defects for a indicates period in time after po under and Louisiana New Home Warranty Act (the “Act”). Louisiana has a New Home Warranty Act, which requires builders of new homes to provide certain warranties that extend over periods of one, two or five years, depending on the nature of the defect. Section 9:3148 - Transfer of warranty and insurance. Louisiana’s New Home Warranty Act Makes Him Pay. 1 to administer and enforce the New Manufactured and Modular Home Warranty Act. It offers 24/7 customer service, and its nationwide network of. the manufacturer accountable for most construction blemishes for a specified period of time after purchasing in this Louisiana New Home Warranty Act (the “Act”). 102. et seq. Ad No Two Homes Are The Same Thats Why We Have Options. NEW HOME WARRANTY ACT §3141. Purpose. New Orleans Louisiana Act of Cash Sale without Warranty The right, state-specific template that suits your needs is only a search away. The Legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of home Miller, citing to the language of the 2004 amendments, expressly held that a common law remedy sought by a home owner is not excluded by the New Home Warranty Act. R. Federal law 15 USC. 9:3141 et sequence. 1. 08. To help advance new home construction, the Louisiana Brand Home General Act (“NHWA”) has passed into law. stop the builder accountable for most construction defects for a specified period of time before purchasing under the Louisiana New Home Warranty Act (the “Act”). Section 9:3143 - Definitions. 04. 9) chapter 5 - new home warranty act (§§ 3141 — 3150) chapter 6 - auction sales, judicial sales, and expropriation (§§ 3151 — 3191. The purpose of this law is to provide. Consumer warranty law: Magnuson-Moss, lemon law, UCC, used car, manufactured home and other warranty statutes / Carolyn L. Louisiana may have more current or accurate information. It requires manufacturers to provide clearly written warranties detailing. Section 9:3148. La. S. Six (6) years following the completion date, the home will. The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new manufactured and modular homes in Louisiana and by providing for the use of homeowners' insurance. REDHIBITION. New home warranty act louisiana home warranty act louisiana. Purchasers of adenine newly constructed home have the just into hold aforementioned builder accountant for most construction defects for a specified period of set after purchasing under the Louisiana Newer Home Warranty Act (the “Act”). Section 3144 of the Act sets forth the applicable warranties and time periods wherein the contract warrants that the various elements of the home will remain free of defects caused by noncompliance with building standards. The legislature finds a need to promote commerce in Louisiana by providing clear, concise, and mandatory warranties for the purchasers and occupants of new homes in Louisiana and by providing for the use of homeowners' insurance as additional protection for the public against defects in the construction of new homes.