Understand the  2-5-10, homes built by Licensed Residential Builders are covered by mandatory, third-party home warranty insurance.:

• As a minimum, this coverage includes 2 years on labour and materials (some limits apply);
• 5 years on the building envelope ;
• 10 years on structure.

The warranty is attached to the home, not to the owner of the home, and remains in effect upon the re-sale of the home until the coverage expires.

Strata-titled homes have two policies of home warranty insurance, one on the home and another on the common property. When the coverage of a new strata-titled home commences, it is possible that the coverage on the related common property has already commenced or expired. Coverage on the common property of strata-titled buildings starts when the first unit in the building is occupied or sold.