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NEW HOME WARRANTY PROTECTION.

UNDERSTANDING THE WHY, WHO,
WHAT AND NOT OF COVERAGES.

Umbrella Home Warranty
ALBERTA NEW HOME BUYERS ACT.

Throughout every aspect of the construction process you deal with company individuals that have a
vested interest in how satisfied you are. They have the knowledge, are given the authority to provide options, offer suggestions and make decisions. This helps to limit delays and gives you the piece of mind that who you are dealing with actually gives a crap.

WARRANTY FROM CANADA'S INDUSTRY LEADER.

Financial strength, diversity of products and commitment to service excellence have earned Travelers Canada a reputation as Canada’s leading provider of surety and residential real estate products. Travelers Canada’s market-leading Home Warranty Line which is available across Western Canada. Travelers Canada has been the market leader in the home warranty business in British Columbia since the introduction of B.C.’s mandatory home warranty in 1999. In 2014, Travelers expanded their product line into Alberta offering a range of residential real estate products, which include: New Home Warranty, building envelope repair warranty, deposit protection insurance, new home deposit bonds and renovation warranties.

A new home is likely the largest investment of most people’s lifetime. Purchasing a new home built and sold by a Travelers Canada approved builder protects your investment from defects. Legislation passed in Western Canada and including Alberta, outlines specific details about the mandatory home warranty coverage. These programs are the most comprehensive home warranties available in North America.

Travelers Canada’s New Home Warranty coverage provides new homeowners with important home protection and coverage both before and after buying a new home.

WHAT DOES 1-2-5-7 YEAR HOME WARRANTY COVER?

MATERIALS AND LABOUR WARRANTY – 1 YEAR
One years’ coverage for defects in materials and labour. It addresses issues with the way your home was built or the materials it was built with, and includes such items as flooring, trim and fixtures. Coverage applies for one year starting on the warranty commencement date (see below).

MATERIALS AND LABOUR WARRANTY (DELIVERY AND DISTRIBUTION SYSTEMS) – 2 YEARS
Your new home warranty covers defects in labour and materials related to heating, electrical and plumbing systems fortwo years from the warranty commencement date.

BUILDING ENVELOPE WARRANTY – 5 YEARS
Coverage for defects in the building envelope: the system of components that separate the controlled interior air from the exterior (for example, the wall framing and cladding, roof and window installation).

STRUCTURAL DEFECTS WARRANTY – 7 YEARS
This includes the key structural components (foundation, framing, trusses etc.) of your Manor home for 10 years from the warranty commencement date. Coverage applies to defects in material and labour that result in the failure of a load-bearing part of the new home or cause structural damage that materially and adversely affects the owner’s ability to use and safely occupy the home. Optional 10 year coverage is available.

ADDITIONAL PROGRAMS AND TERMS.

PRE-POSSESSION INSURANCE
Pre-Possession Insurance protects a purchaser’s investment in a single-family home from the time a deposit is made until the mandatory warranty commencement date. In the unlikely event of default by Manor House, Travelers will reimburse the purchaser’s deposits up to 20% of the single-family home’s purchase price (excluding land) to a maximum of $100,000.

EQUITY EDGE™
Equity Edge™ is a surety bond that is available to purchasers in “pre-sale” development projects where a member builder chooses to accept this bond as a portion of the deposit required by the agreement of purchase and sale.

LIVING EXPENSES
If a new home is uninhabitable as a result of a defect or while warranty work is underway, Travelers will pay up to $150 a day (to a maximum of $15,000) for reasonable living expenses incurred by the insured.

WARRANTY COVERAGE LIMITS
For a single-family home: The lesser of the purchase price (excluding land) and $265,000.

COMMENCEMENT DATES
For a single-family home: the earliest of (1) the date a new home is first occupied; and (2) the date an accredited agency, accredited municipality, or accredited regional services commission grants permission to occupy a new home.