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BusinessAugust 21, 2000

Countrywide Insurance Services Inc. is offering consumers the HomeSafe Protection Plan, an in-home mechanical breakdown insurance policy that protects a variety of appliances and systems not covered by most homeowners insurance. Countrywide has teamed with Sears HomeCentral to provide the repair and replacement services for the home systems and major appliances covered by the HomeSafe Plan. ...

Countrywide Insurance Services Inc. is offering consumers the HomeSafe Protection Plan, an in-home mechanical breakdown insurance policy that protects a variety of appliances and systems not covered by most homeowners insurance. Countrywide has teamed with Sears HomeCentral to provide the repair and replacement services for the home systems and major appliances covered by the HomeSafe Plan. Sears HomeCentral is the nation's largest home repair and improvement provider, serving more than 15 million homes a year.

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HomeSafe differs in several ways from a traditional home warranty product. First, with HomeSafe, no property inspection is required to obtain coverage. Unlike most home warranties, consumers can purchase their HomeSafe policy without the hassle of obtaining and showing proof of a home inspection. Second, HomeSafe coverage is provided regardless of the age of the items. If one of the covered items cannot be fixed, HomeSafe will provide a brand new replacement of like kind and quality. A third distinction is that with HomeSafe, consumers know that Sears HomeCentral will repair or replace their items.

Consumers can purchase a HomeSafe Protection Plan through www.cwinsurance.com or by calling (888) 419-9752.

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