Spread Out Footer Warranty For Free

10 years: Some builders give coverage for up to 10 years for ?major structural defects,? sometimes defined as problems that make a home unsafe and put the owner in danger. For example, a roof that could collapse is a ?major structural defect.?

The warranty is not automatically transferred to you The good news is that it's very easy to do. Call us and let us know that you want your name added to the file as the new owner. Make sure that you have your Agreement of Purchase and Sale and your transfer deed handy, because we'll ask for a copy for our records.

It depends a lot on the terms of the warranty. Some are not transferable at all. Some require that the new owner registers the warranty. Some just require proof of purchase, such as the receipt.

The warranty policy and coverage is with the home so when the homeowner decides to sell, the coverage just extends to the new homeowner. The new homeowners will need to contact their warranty provider and provide the transfer of title. Then a new policy will be issued to them.

The original homeowner may transfer the warranty to a new homeowner within the one year period after installation. In the case of a builder and new construction, the builder can sell the home within one year of installation and the warranty will transfer to the new buyer.

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 10 years on structure.

1-2-5-10 Coverage Alberta's New Home Buyer Protection Act stipulates that all new homes must include warranty coverage of one year for labour and materials, two years for delivery and distribution systems, five years for building envelope protection and 10 years for major structural components.