HOME WARRANTY PROTECTION

 

www.hpo.bc.ca

AS OF JULY 01, 1999 RESIDENTIAL BUILDERS APPLYING FOR BUILDING PERMITS TO CONSTRUCT NEW HOMES ARE REQUIRED TO PROVIDE THIRD-PARTY WARRANTY INSURANCE.  THIS EXCLUDES  OWNER-BUILT HOMES, PURPOSE-BUILT RENTAL HOUSING INCLUDING MULTI-UNIT SINGLE TITLE FACTORY BUILT HOMES, HOTELS , CARE FACILITIES AND FLOAT HOMES - THESE ARE EXEMPT.

 

THE 2-5-10 YEAR HOME WARRANTY INSURANCE IS A PROGRAM THAT OFFERS SUBSTANTIAL COMFORT AND LONG-TERM VALUE TO THE HOMEOWNER.  A BUYER LOOKING AT NEW HOMES AND CONDO'S SHOULD BE PROVIDED WITH THE DETAILS OF THESE WARRANTIES AT THE BEGINNING OF THE PURCHASE PROCESS.  THIS IS AN IMPORTANT ASPECT OF THE NEW HOME TRANSACTION AND SHOULD BE CLOSELY REVIEWED

 

 COVERAGE INCLUDES 2 YEARS ON LABOUR AND MATERIALS

                                              5 YEARS ON BUILDING ENVELOPE

                                               10 YEARS ON ON THE STRUCTURE OF THE HOME