Since 1976, the Atlantic Home Warranty program has offered homeowners peace of mind about their new homes. The not-for-profit organization has enrolled 125,000 homes in the past 30 plus years, and has paid more than $5 million in protection. Atlantic Home Warranty is the first and longest-serving third-party warranty provider in Atlantic Canada.
“A new home is going to be one of the biggest investments a homeowner makes in their lifetime,” says Pat Mulcahy, CEO with the Atlantic Home Warranty Program. “Having a warranty on it simply makes sense.”
There were changes made to the warranty program on Mar. 1, 2007. The warranty now offers coverage of a new home for seven years with an aggregate limit of liability of $50,000. For the first year, the warranty covers defects in materials or workmanship supplied by the builder. Year two to seven offers protection only on major structural damage. The warranty also includesconciliation service to handle any disagreements between you and your builder during the first year, as well as optional deposit protection up to a maximum of $20,000.
Still, Mulcahy says homeowners have misconceptions about what the warranty covers. The Atlantic Home Warranty does not cover defects in materials, appliances, design and workmanship supplied by the purchaser, defects resulting from improper maintenance on the part of the purchaser, detached patios, detached garages and driveways, well and septic systems or landscaping.
But Mulcahy also notes that if a home-owner does their homework, there’s a good chance they will never have to use their warranty. He suggests homeowners do their research and find a builder who not only understands what they are looking for in their new home, but who also has the technical expertise and craftsmanship to make their vision a reality. He encourages homeowners to check out the Atlantic Home Warranty website (www.ahwp.org) where they can find information on the warranty, members and construction performance guidelines.