2-5-10 Year Warranty

Did you know that British Columbia has the strongest and most effective new home warranty in Canada? True story! Anyone buying or building a new home in our province is protected by 2-5-10 home warranty insurance. Here is a breakdown of exactly what that means:

2 – Two years of coverage for defects in materials and labour. This includes major systems such as heating, electrical and plumbing

5 – Five years of coverage on the building envelope. Super important for our wet climate if you discover any leaks in those first 5 years.

10 – Ten years of coverage on the actual structure of the home.

Since 1999, all residential builders in BC have been required to be licensed by the Homeowner Protection Office. They must also arrange for third-party home warranty insurance before they can obtaining a building permit.

Buying or building a new home in this province is going to give you the peace of mind you need to sleep at night. A warranty is there to protect you in the event of defects and unexpected issues beyond your control. Despite this protection, it is still important to choose a qualified and trustworthy builder. Even though you won’t be on the hook, financially, if you discover a leak or a defect in your heating system, dealing with repairs and renovations can be a real inconvenience.

See the Home Owner Protection Office website for further details and exemptions.

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Jason Lorenz | Owner | 
jason@lorenzdevelopments.com

Squamish: 604 892 7652
Vancouver: 778 378 7652

 

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