Alberta New Home Warranty vs. National Home Warranty
The Alberta New Home Warranty or National Home Warranty: Which is the Better?
When building a new home, the last thing you want is to invest more money in repairs. With the help of a home warranty, you can take comfort in knowing that defects in materials and labour will be covered for a period of time. While no one purchases a home with the expectation of having experiencing problems, the reality is that things do not always turn out perfectly. Fortunately, as a new homebuyer in Alberta building a new home, you have the opportunity to build a home with a qualified builder that offers either a New Home Warranty or a National Home Warranty to provide coverage on your home. To ensure you receive the coverage that is best for you, it is important to learn more about both available options.
The National Home Warranty, which offers up to $50,000 in coverage for Alberta homebuyers , provides limited construction coverage for defects in materials and labour for the first year. In addition, it provides five years of coverage on structural defects as well as structural damage that makes your home unfit to live in. You are also covered for defects in load bearing structures for up to 5 years. One benefit of the National Home Warranty is that it is overseen by professionals from both the insurance and residential construction businesses. Therefore, the company has in-depth knowledge of what it takes to build a quality home and has built an extensive network of builder members.
With the Alberta New Home Warranty, you receive coverage for defects in workmanship and materials for the first year. Like the National Home Warranty, structural failure is also covered for five years. You do, however, have the option to purchase extended major structural defects coverage. If you choose to purchase this coverage, structural failure will be covered for a total of ten years. The Alberta New Home Warranty, which was founded by Alberta home builders in 1974, was the first of its kind to be offered in all of Canada.
Ultimately, both the National Home Warranty and Alberta New Home Warranty programs offer a quality service that is backed by a solid reputation. Therefore, when deciding on which builder to build with you should be familiar with the warranty as well as the specific items that are included as part of your coverage.