The Incentive Program is a great way for qualifying Members to reduce their overall warranty costs and earn 'cash' back for maintaining quality construction and excellent claims experience. Currently, over $24 Million in distributions were paid back to Members! Joining this exclusive program is a way to maximize your membership and reap the rewards.
If your company, as a Participating Member, has few or no claims in the first 5 years, then MHWC is able to return some of the enrollment fees you paid back to you as cash distributions in the second 5 years.
We start by setting up a separate account and both the Member and MHWC contribute a program participation fee in the first year ONLY.
Each time you as the Member enroll a home and pay your warranty fee, MHWC deposits a portion of that fee into this Incentive account.
Beginning in year 6 and continuing through year 10, an Incentive check will be sent to you once a year, pending open claim files. The amount is calculated by the number of homes enrolled minus the value of claims, if any.
To be eligible, a Member must enroll at least 20 homes or $2 million in sales volume annually. Not currently available in Alaska, Colorado, Hawaii, or Texas