NATIONAL HOME WARRANTY 2/5/10
What is 2/5/10 Warranty?
New homes built in British Columbia are protected by 2-5-10 home warranty insurance, as set out by the Homeowner Protection Act of B.C. Licensed residential builders are regulated by the Homeowner Protection Office. Mandatory warranty insurance includes the following coverage’s:
2 year’s coverage on labour and materials as follows:
- 12 months’ coverage for defects in material and labour for your unit
- 24 months’ coverage for defects in material and labour for major systems (heating, electrical, plumbing, etc.)
5 years’ coverage on the building envelope, 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 http://www.hpo.bc.ca/files/download/Bulletins/2-5-10.pdf