Optional additional building envelope coverage protects you from defects in your home’s building envelope for two years over and above the mandatory five-year coverage, extending the coverage period to a maximum of seven years from the commencement date. Your homebuilder may opt for this coverage at the time of the project application.
Your warranty covers reasonable living expenses if your new home is uninhabitable due to a defect or rectification of a defect. Please see your policy for coverage details.
Warranty insurance coverage limits
- For a single-family home: the lesser of the original purchase price (excluding land) and $265,000.
- For a multi-family unit registered under a condominium plan: the lesser of the original purchase price and $130,000.
- For common warrantable property in a multi-family building or for the property for which a condominium corporation is responsible under its bylaws: $130,000 times the number of multi-family units in the building to a maximum of $3,300,000 per building.
- For a non-condominium multi-family unit (for example, a duplex unit or row townhome with no common warrantable property): the lesser of the purchase price and $265,000.