Start 2025 Confidently: Why Understanding Your New Home Warranty Matters

Buying a new home is an exciting milestone. However, with this major investment comes the responsibility of protecting it. One key tool for safeguarding your home’s value is understanding your new home warranty. Legislated new home warranties are designed to protect consumers, ensure consistent coverage across homes, and provide peace of mind by requiring builders to meet professional industry standards. Here’s a breakdown of what new homeowners need to know to start the year with confidence.

What Is a New Home Warranty?

A new home warranty provides coverage for defects that might arise after moving in. It’s essential to familiarize yourself with your warranty details early, even before you need to use it. Key points to understand include:

• Coverage Details: Take the time to review your specific policy. It will outline what is covered, as well as any limitations or exclusions.
• Expiry Dates: Different coverages have varying timelines. Knowing these deadlines ensures you can address issues promptly within the warranty period.

In Alberta, for example, new home warranty coverage includes:

• 1 Year: Materials and labour defects.
• 2 Years: Mechanical systems like plumbing, heating, and electrical.
• 5 Years: Protection against water penetration and building envelope hazards.
• 10 Years: Structural defect coverage.

What Isn’t Covered by a New Home Warranty?

It’s equally important to know what falls outside the scope of your warranty. Here are some common exclusions:

• Disputes over contracts or material substitutions with your builder.
• Incomplete work, delayed occupancy, or deposit refunds.
• Damage occurring after a specific coverage expiry date.
• Items covered by home insurance policies, such as fire or theft.

Home warranties and home insurance are complementary but distinct. While warranties address construction defects, insurance protects against unforeseen events like natural disasters.

Why Does Understanding Your Warranty Matter?

The goal of a home warranty is to provide peace of mind during your transition into homeownership. Here are three reasons why understanding your warranty is crucial:

1. Proactive Problem-Solving: Knowing your coverage allows you to address potential issues early, minimizing disruptions to your daily life.
2. Maximizing Benefits: Familiarity with your policy ensures you take full advantage of available protections.
3. Stress Reduction: Confidence in your coverage can ease the stress that comes with unexpected home maintenance challenges.

How We Support You

At HUB Warranty, we recognize the excitement and challenges of buying a new home. We’re here to ensure your warranty works for you when you need it most. Did you know that 85% of all warranty claims happen within the first two years of homeownership? This is why we collaborate closely with builders to resolve any defects promptly and professionally.

If you’re unsure about the specifics of your policy or want to dive deeper into what’s covered, don’t hesitate to contact us. We’re here to make your homeownership journey as smooth as possible.

Start 2025 With Confidence

Understanding your new home warranty is an empowering step toward protecting your biggest investment. Make it a priority to review your policy and stay informed. For more detailed information on legislated warranties and coverage specifics, check out the Alberta Residential Performance Guide.

Take charge of your home’s future today, and rest easy knowing that you’re prepared for whatever comes your way. Let’s make 2025 the year of confident homeownership!