What is the Atlantic Home Warranty?
Buying a home is probably one of the biggest single investments one will make. Protecting that investment is the next step to ensuring comfortable and secure living. Warranties on cars, stereos and even minor kitchen appliances are easily attainable. Ironically, for the biggest investment, few of us even bother to find out if we are protected. The Atlantic Home Warranty Program(AHWP), a non-profit company of Atlantic homebuilders, was established in 1976 to supply this peace of mind. Don't buy a new home without it!
Do Your Homework
Be sure to check with AHWP to find out if your construction company is in fact a Registered Member with the Atlantic Home Warranty Program.
What Housing Units are Covered by the Warranty?
The warranty covers single detached and semi-detached homes, townhouses, rowhouses, condominiums, duplexes and mobile homes. These units must be constructed by a Registered Member, meeting the high quality standards of the National Building Code.
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How Long is my House Protected?
The Program offers a basic 7 year limited warranty. However there is a new option to purchase an additional 3 years of protection on your new home.The 10 year warranty is the longest warranty that the organization in the industry. Click here for information or contact the Atlantic Home Warranty Office for more details.
What Protection Does the Home Warranty Give Me?
1. Deposit Protection, up to a maximum of $10,000.
2. A guarantee that the builder will repair any defects in the workmanship or materials during the first year of ownership.
3. Protection against major structural defects during the remainder of the warranty period to a maximum of $30,000.
4. A conciliation service to handle any disagreements between you and your builder within the first year.
Government organizations have no legislation to protect home buyers in this capacity. The Atlantic Home Warranty Program is the only non-profit organization to offer this coverage. |
What is Not Covered by my Warranty?
The following are examples of what is not covered in your warranty.(Please contact AHWP for complete details on coverage);
1. defects in materials, appliances, design and workmanship supplied by the purchaser;
2. Surface defects in workmanship or materials already apparent and accepted by the purchaser at the date of possession;
3. Defects resulting from improper maintenance on the part of the purchaser, and damage caused by dampness or condensation;
4. Detached patios, garages and driveways.
How is my Deposit Protected?
Your deposit is protected through a Program Deposit Receipt that can only be issued by AHWP. When you place a down payment on your home to the builder, the builder will request the Deposit Receipt and the Program will then issue the receipt to the builder at the time of registration of your home. A copy will then be given to you. With a copy of the Deposit Receipt, the Program insures coverage protection of your deposit up to $10,000. |
How do I Know When I am Covered by the Warranty?
When your new home is built and ready for occupation, you will complete, sign and date a certificate of possession. Warranty coverage begins once the Program receives their copy of the certificate.* You will then be issued your 7 or 10-year Warranty Vertificate.
What if I Buy or Sell a House Under Warranty?
A warranty from the Atlantic Home Warranty Program is automatically transferable and increases the value of your home. The warranty stays with the house, not the owner. The new owners should contact the Program to determine the remaining warranty coverage.
* The Warranty is subject to the builder and the purchaser signing the C.O.P. and forwarding the appropriate copy to the Program.
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