SAN DIEGO and HOUSTON (Oct. 7, 2005) - Stewart Title of California and Stewart Insurance Solutions, along with Stewart of California Insurance and Financial Services (SIFS, LLC), announced today that they will begin selling home warranty protection under the name Stewart Home Warranty, which will be serviced and supported by American Home Shield (AHS), the number one home warranty company in the country.
Together, SIFS and AHS will offer home warranty protection to millions of homeowners at competitive rates in California, Nevada, Arizona and Texas.
"Bringing our own home warranty product to market is an important reflection of our commitment of quality service to our customers and we chose a service provider that has the same dedication," said Stewart Title of California President Allan Wasserman and Stewart Insurance Solutions CEO Glenn Clements. "American Home Shield is not only a leader in the home warranty industry, it also leads in service protection for homeowners."
American Home Shield was the first company to bring home warranty to consumers more than 30 years ago. While a home warranty is a homeowner's best defense against costly repairs or complete replacement of existing vital household systems and appliances breaking down from normal wear and tear, most homeowners do not consider a home warranty policy until they are ready to buy or sell a home. On average, AHS contract holders make two claims a year, which can lead to thousands of dollars a year in savings with home warranty protection.
"While home warranty purchases are increasing, we believe this association will further grow our market," said John Yacono, vice president, national accounts, American Home Shield. "With Stewart Home Warranty, more consumers will have accessible home warranty protection."
Stewart Home Warranty is distributed through Stewart of California Insurance and Financial Services, an affiliate of Stewart Title of California Inc., and Stewart Insurance Solutions, a subsidiary of Stewart Information Services Corp. Stewart offers a complete portfolio of real estate-related products, including title, commercial and personal insurance. For more information, call SIFS Chief Operations Officer Jim Wallace at (559) 650-9000, or go to http://www.stewarthomewarranty.com.
Stewart Title of California is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a technology driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 8,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.