What is the 2-5-10 Year Warranty?
- ENGIPRO
- Aug 1, 2024
- 2 min read
Updated: Dec 9, 2024
A 2-5-10 year warranty is a crucial protection plan for new homes in British Columbia, mandated under the Homeowner Protection Act. Whether you're a homeowner or part of a strata council, understanding this warranty can save you from costly repairs and unexpected expenses. In this blog, we’ll break down what each phase of the warranty covers and why a warranty review is essential for protecting your investment.
What is the 2-5-10 Year Warranty?
The 2-5-10 year warranty divides coverage into three stages:
2-Year Warranty
Covers materials and labor defects, including:
First 12 months: All defects in labor and materials.
First 15 months: Common property defects for strata developments.
First 24 months: Major systems such as plumbing, electrical, and HVAC.
5-Year Warranty
Covers the building’s envelope, protecting against water ingress that could lead to structural or interior damage. This is particularly important for homes in BC’s rainy climate.
10-Year Warranty
Covers structural defects in load-bearing components like foundations, framing, and roofing.
Why is the 2-5-10 Warranty Important?
Financial Protection
Homeowners and strata councils can save thousands by addressing defects under warranty instead of paying out-of-pocket.
Peace of Mind
Knowing your home is protected reduces the stress of potential defects and ensures your property maintains its value.
Legal Compliance
In BC, new homes are required to have a 2-5-10 warranty, ensuring that builders meet high construction standards.
Why Get a Warranty Review?
A warranty review ensures that any defects are identified and claimed before the coverage expires. Learn more about ENGIPRO’s warranty review services to protect your investment: Warranty Reviews.
Conclusion
Understanding your 2-5-10 warranty is essential for safeguarding your home or strata property. For a detailed warranty review, contact ENGIPRO today to schedule a thorough inspection.
External Links:
Homeowner Protection Act - https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/98031_01
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