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The Two Year Warranty addresses topics such as defects and violations of the Ontario Building Code to do with health and safety. The Seven Year Warranty concerns major structural defects. The upper limit of the warranty protection is $300,000.

The Major Structural Defect warranty covers years 3-7 and includes significant damage due to soil movement, major cracks in basement walls, collapse or serious distortion of joints or roof structure and chemical failure of materials.

The main components of the Hyundai warranty are a 10-year/100,000-mile powertrain warranty and a 5-year/60,000-mile bumper-to-bumper warranty. The powertrain limited warranty does outlast most competitors by a few years.

The seven-year Tarion warranty covers major structural defects that could affect the safety and integrity of the home, such as significant cracks in the foundation, major issues with structural load-bearing elements, or roof-related problems.

The maximum statutory warranty coverage available for freehold homes is $400,000. The maximum statutory warranty coverage for condominium units is $300,000. The maximum coverage for condominium common elements is $100,000 times the number of units, up to a maximum of $3.5 million.

Generally, these warranties cover tires for four, five, or six years from the date of purchase, depending on the manufacturer. This type of warranty essentially guarantees that you'll get a certain number of miles of use out of your tires before they wear out.

The following conditions are not covered under the new home warranty for Freehold homes, contract homes and condominium units: Defects in materials, design and work supplied by the homeowner. Secondary damage caused by defects under warranty, such as property damage and personal injury. Normal wear and tear.