Protection
For Homes Possessed Prior to March 1, 2007
The watch on your wrist more than likely came with a warranty. So did the barbeque you purchased, as well as the television in your living room.
However, when it comes to our homes, few of us ever bother to insure that the biggest purchase of our lives is as well protected as our watch.
Atlantic Home Warranty was established to offer comfort and security to both Home Builders and Homebuyers.
While homebuyers need the assurance in knowing that they are protected against unexpected situations such as the bankruptcy of a building contractor, Builders need to know that their work is backed by a third party warranty. Peace of mind comes in knowing that your investment is protected.
The warranty protects single detached and semi-detached homes, townhouses, row houses, condominiums, duplexes, and manufactured homes. These units must be constructed by a registered member of AHW meeting the standards of the National Building Code. For a list of AHW members, click here.
Along with the peace of mind that comes in knowing that your investment is protected, consumers are also given the freedom to choose from two different Warranty Packages.
Attached to the Platinum 7 package comes 7 years of protection. The home's first year of coverage includes protection against defects in materials and workmanship provided by the Builder. The coverage is for defects that arise after the owner has taken possession of the home. Deficiencies present at the time of closing are not covered by the warranty and need to be addressed by the Homeowner at the time of closing.
Coverage in year two to seven is for Major Structural Defects as defined on the limited warranty certificate.
Those with the Platinum 7 coverage may enhance their coverage to the Ultimate package within set timelines following their Date of Possession. With this benefit, consumers receive 3 extra years of coverage, increased limits up to $50,000, along with all the protections and benefits of the Platinum 7 package. Also included with the Ultimate warranty is second year coverage on defects that result in exterior water penetration through the foundation walls and defects in the delivery and distribution of the electrical, plumbing and heating systems.
Similar to the Ultimate package is the Ultimate Plus, Atlantic Canada's best home warranty protection. Ten years of protection along with all the benefits of both the Platinum 7 and Ultimate package are provided with the Ultimate Plus.
The Ultimate Plus, in addition to all the benefits of the Ultimate, offers Completion Coverage up to $3000 for specified items.
Provided with each warranty package is a conciliation service for any disagreement that may occur between the Homeowner and the Builder.
If Builders fail to meet the responsibilities outlined in the Warranty Certificate, Homeowners may seek help from Atlantic Home Warranty.
Also available is deposit protection coverage of up to $10,000.00 on deposits made directly to the Builder.
Please take note that aspects of your home warranty are time-sensitive. Certain deadlines apply. Make sure to mark these important dates on your calendar!
