CONCORD, Calif., March 4, 2015 /PRNewswire/ -- Fidelity National Home Warranty (FNHW), a California based Home Warranty Company, announced today that it has formed a strategic alliance with CRES Insurance, LLC, a leader in protecting the real estate industry with risk management services and insurance solutions. The alliance will allow FNHW to offer a 13 Month Home Warranty to CRES insured offices and individual licensees. Under the new CRES Advantage 13 Month Home Warranty Plan, CRES members qualify for Seller's E&O Coverage via the Seller's Protection Plan (SPP) which provides coverage up to 180 days after close of escrow. The plan also includes an Optional Structural Coverage/Waiver which offers up to $10,000 to repair or replace failed structural components of the home – a great risk management tool. Certain states and restrictions may apply. Seller's E&O coverage is arranged by the members of the Real Estate Agents Alliance Purchasing Group (REAAPG). The CRES version of the FNHW warranty is the only one by FNHW that qualifies for these benefits.
About Fidelity National Home Warranty
FNHW currently operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas and Washington, providing quality home warranty products and exceptional service to their customers. During this time the Company has grown from $5 million to $100 million in annual written premium and in October of 2014 reached more than $1 billion in combined written premium. The Company is a charter member of the National Home Service Contract Association™ (NHSCA) and is currently ranked as one of the nation's largest warranty providers.
In February of 2015, Fidelity National Financial, Inc. acquired BPG Holdings, LLC (BPG), a recognized leader in home warranty, home inspection services and commercial inspections. The acquisition included Buyers Protection Group Home Warranty (BPG), HISCO Home Warranty (HISCO) and BPG Home Inspections, and makes FNHW one of the nation's largest home warranty providers. Both BPG and HISCO offered CRES Home Warranty Plans and the new CRES/FNHW alliance allows for the continuity of outstanding customer service to existing and future CRES members.
About CRES Insurance Services, LLC
CRES Insurance has been a leader in Errors & Omissions insurance for the real estate industry, protecting over 500,000 real estate professionals nationwide since 1996. CRES delivers proactive risk management services, quality insurance solutions and complementary products to help real estate professionals protect and grow their business. The Company is headquartered in San Diego, California.
To learn more about the CRES Advantage 13 Month Home Warranty by FNHW visit www.homewarranty.com
To learn more about CRES Insurance visit www.cresinsurance.com or call 858-618-1648.
CONTACT: Laurie Eder, Vice President of Marketing, [email protected]
Copyright 2015 Fidelity National Home Warranty
SOURCE Fidelity National Home Warranty