We know buying a new home is probably one of the biggest decisions you will ever make. We recognize how important it is to protect your investment – that’s why we have provided new home warranty for your investment with licensed warranty insurance underwriter.
HOME WARRANTY INSURANCE
New Homes built in BC are protected by 2-5-10 home warranty insurance, as set out by the Homeowner Protection Act of BC. Licensed residential builders are regulated by the Homeowner Protection Office. Mandatory warranty insurance includes the following coverage:
2 years’ coverage on labour and materials as follow:
- 12 month’s coverage for defects in material and labour for your unit
- 15 month’s coverage for defects in material and labour for the common property (multi-unit building only)
- 24 month’s coverage for defects in material and labour for major systems (heating, electrical, plumbing, etc.)
5 years’ coverage on the building envelop, including coverage on unintended water penetration
10 years’ coverage on major structural items
This statutory protection is widely recognized as one of the strongest and most effective home warranty standards in Canada.
To learn more about consumer protection legislation and regulations, visit www.hpo.bc.ca.