Travelers 2-5-10 New Home Warranty and BC CPG
Please
refer to Travelers BC Consumer Brochure for more details.
Homeowner
Protection Act
The Homeowner Protection Act and Regulations (the “Act”) became
effective July 1, 1999. Prior to issuing a building permit, the Act requires
all residential builders to be licensed by BC Housing – Licensing and Consumer
Services and to provide the 2-5-10 Year Home Warranty from an approved warranty
provider.
Coverage Limits
The Act requires builders to provide a home warranty backed by a licensed insurer covering:
- 2 Year Materials and Labour Warranty
- First 12 months – coverage for any defect in materials and labour
- First 15 months – coverage for any defects in materials and labour in the common property of a multi-unit building;
- First 24 months – coverage includes:
- Defects in materials, labour and design supplied for the electrical, plumbing, heating, ventilation and air conditioning delivery and distribution systems.
- Defects in materials, labour and design supplied for the exterior cladding, caulking, windows and doors that may lead to detachment or material damage to the new home;
- 5-Year Building Envelope Warranty
- 10-Year Structural Defects Warranty
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