Question: We’re getting ready to select a builder for our new home. How important is it to choose a company which offers a third-party warranty?Answer: In addition to their own warranties, many home builders offer third-party warranties, partly as an extra incentive to shoppers. The warranty provides an extra layer of protection not typically available in first-party warranties. If the builder were to go out of business, for example, a homeowner will still be insured.For more information about Illinois law, visit www.illinoislawyerfinder.com. If you have a legal question, send it to firstname.lastname@example.org.