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PARSONS REALTY & CONSTRUCTION  
R.P. HOLDINGS INC.

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Atlantic Home Warranty Program

New Home Construction with The Atlantic Home Warranty Program

The Atlantic Home Warranty Program is the leader and innovator in the provision of investment protection to homeowners and quality services to all stakeholders in Atlantic Canada. It fosters professionalism in the residential construction industry.

The AHWP benefits new homebuyers by providing a third-party home warranty, through individual builder members. AHWP's warranty provides homeowners with peace of mind that their home investment is protected for 7 or 10 years.

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 standards of the National Building Code.

Choice of coverage

7 Year Warranty

What protection does the 7 Year Home Warranty give me? Deposit Protection, up to a maximum of $10,000 A guarantee that the builder will repair any defects in workmanship or materials during the first year of ownership. Protection against major structural defects during the remainder of the warranty period to a maximum of $30,000. A conciliation service to handle any disagreements between you and your builder during the first year.

What is not covered by my Warranty? The following are examples of what is not covered (contact us for complete details on coverage): Defects in materials, appliances, design and workmanship supplied by the purchaser; Surface defects in workmanship or materials already apparent and accepted by the purchaser at the date of possession; Defects resulting from improper maintenance on the part of the purchaser, and damage caused by dampness or condensation; Detached patios, garages and driveways.

How is my deposit protected? When you place a down payment on your home to the builder, the Registered Builder will complete a Program Deposit receipt and send a copy to the Program office. You will also receive a copy of this receipt, along with assurance from the Program that your down payment is protected until you take possession of your home.

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 (C.O.P.). Warranty coverage begins once the Program receives their copy of the Certificate. The Warranty is subject to the builder and purchaser signing the C.O.P. and forwarding the appropriate copy to the Program. You will then be issued your 7-year Warranty Certificate commencing on the initial date of possesion.

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 length of warranty coverage.

10 Year Warranty

Enhance your warranty protection 5 ways! If you have taken possesion of your home and your current coverage is Platinum 7 , you may be eligible to enhance your coverage based on guidelines outlined in your warranty package. Additional 12 months of protection against exterior water penetration through your foundation walls. Additional 12 months of protection against defects in workmanship or material in the delivery and distribution of your electrical, plumbing and heating systems. Additional 3 years of major structural coverage (from 7 to 10 years). Additional major structural coverage limit of $20,000 (from $30,000 to $50,000). Off-site living allowance if major structural repairs cause you to move out of your home (up to $1,500).

How much does this protection cost me? You can enhance your Platinum 7 warranty for only $395 + applicable tax (HST or GST). This is not a cost to you, but rather an investment in the protection of what may be the single biggest purchase you will ever make - your home.

Is there a time restriction to this coverage? Yes! You must purchase the Ultimate protection before the eligibilty expiration date found in your Warranty Package.

Payment options? If you decide that Ultimate coverage is for you, the program has simplified the payment process by allowing you to pay by Visa or Mastercard.

Source AHWP

If you are interested in the Atlantic Home Warranty Program, then please contact us to discuss how we can make the AHWP a reality for you in the building of your new home.


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