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Warranty Benefits for Saskatchewan
You have some great warranty benefits to protect your investment from the time you agree to purchase a new home and for the first five years that you live in it. The National covers new single family, semi-detached and condominium units, conversions from non-residential to residential uses and housing cooperatives.
If you sell your new home in the first five years, the remaining benefits stay with the home for the protection of subsequent owners.
- The initial deposit you give your builder to bind the purchase contract is protected up to a maximum of $25,000 in case your builder defaults on his obligations prior to the prior to the transfer of title.
- In the first year, the National offers you a limited warranty for defects in workmanship and materials. We warrant that during this first year your builder will repair any eligible defects in workmanship and materials as defined in the limited warranty certificate. If your builder fails to do so, we will see that any eligible work is done - at no cost to you. This benefit covers up to $50,000 for your home and up to $2 million for a multi family project.
- For an additional four years, we will repair major structural defects. These are defects that affect the load bearing portions of your home and, if left uncorrected will affect the overall structural stability and integrity of your home.
- If you are required to move out of your home while repairs are being made, we will pay your additional living expenses to a maximum of $3,000.
For a complete description of your warranty benefits, check your policy.
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