2-5-10 Coverage means the 2-5-10 Year New Home Warranty Insurance (a third party warranty) which is mandatory for all new homes for sale, unless there is an applicable exemption.
Homeowner Protection Act sets the minimum standards of coverage and details.
2 year coverage:
1/ 1 year labour and materials on any defect on the home.
2/ 1 1/2 year labour and materials on defect on the Common Property.
3/ 2 year labour and materials on specified defects ( eg, electricity, heating and others) on the home and Common Property.
5 year coverage: on building envelope, including exterior walls, foundation, roof, windows, doors and water penetration.
10 year coverage: on load-bearing structure.
Homeowner Protection Act sets the minimum standards of coverage and details.
2 year coverage:
1/ 1 year labour and materials on any defect on the home.
2/ 1 1/2 year labour and materials on defect on the Common Property.
3/ 2 year labour and materials on specified defects ( eg, electricity, heating and others) on the home and Common Property.
5 year coverage: on building envelope, including exterior walls, foundation, roof, windows, doors and water penetration.
10 year coverage: on load-bearing structure.
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