2-5-10 Year Home Warranty Insurance
Posted on
July 14, 2013
by
Mandana Tehrani
Minimum Standards of Coverage Required: 2-5-10
Home warranty insurance on new homes includes
- a minimum of 2 years on labour and materials (some limits apply),
- 5 years on the building envelope, including water penetration, and
The 2-year labour and materials coverage is broken down as follows:
Any defect in materials and labour: • 12 months on detached homes and on non common property in strata units (includes feesimple homes) • 15 months on common property of strata buildings Defects in materials and labour related to the delivery and distribution systems (electrical, plumbing, heating ventilation, air conditioning, etc.): • 24 months for all buildings.
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