As authorized under Title III of the Housing and Economic Recovery Act
of 2008, the City of Phoenix has established a Neighborhood
Stabilization Program (NSP) to help potential home buyers purchase
foreclosed homes at a discount, which in turn can help stabilize Phoenix
neighborhoods.
As a part of this program, the NSP includes a three-year Home Service
Contract on each eligible property, at no cost to the home buyer. Three
year Contracts weren’t previously offered, so Old Republic Home
Protection Company, Inc. quickly designed a program to meet the need.
ORHP President Gwen Gallagher said, “We didn't hesitate to create a Home
Service Contract that would provide these home buyers with broad
coverage and three years of reliable protection. There are risks in
offering a Home Service Contract that runs three times longer than our
standard Plan, but our goal has always been to be a company that meets
the needs of the community we serve. To that end, we welcomed the
opportunity to support the Neighborhood Stabilization Program, the local
real estate community, and home buyers in stabilizing the local Phoenix
neighborhoods.”
Dirk Doud, Regional Vice President with ORHP, added, “The city of
Phoenix is very insightful for recognizing the value of having a home
warranty on the homes that will be purchased through this program. It
shows that they care about the home buyers; not just getting them into a
home, but enabling them to maintain the affordability of the home. The
home warranty can reduce the buyer’s out of pocket expenses for
unexpected repair or replacement of covered items for three years after
they purchase the home. Participating in a program like this gives us
even more pride in our products and a sense of accomplishment knowing
that we are helping the community grow and thrive.”
For details of the three-year Old Republic Home Protection warranty,
visit: AZ
NSP Qualified Three Year Program.
About Old Republic Home Protection
Their Product
A home warranty is a renewable service contract that repairs/replaces a
home’s major systems or appliances that fail due to normal use during
the term of the contract. A Standard Plan offers coverage on plumbing,
heating and electrical systems, as well as major appliances and
specialty items such as built-in bathtub whirlpool, and central vacuum
systems. Optional coverage is also available, which varies by state.
Please see a state-specific Plan for details of coverage.
Their History
Old Republic Home Protection has been a leader in the Home Warranty
Industry since 1978, and is currently the third largest home warranty
company nationwide, conducting business in 27 states coast to coast.
ORHP is a subsidiary of Old Republic International Corporation (ORI),
one of the nation's 50 largest publicly held diversified financial
services institutions. Headquartered in Chicago, ORI's business is
concentrated in commercial insurance lines diversified across four
segments: general, mortgage, title and life.
Their Service Reputation
At Old Republic Home Protection, they take pride in providing great
customer service experiences, offering fast, friendly and efficient
service!
For more information regarding Old Republic Home Protection, visit www.orhp.com.
Old Republic Home Protection (ORHP)
Lorna Mello, 800-282-7131 ext.
1123
VP, Sales and Marketing
LornaM@orhp.com