It is important to be clear on what stage of construction your property is at, since different types of coverage apply before, during and after the work.
It is important to be clear on what stage of construction your property is at, since different types of coverage apply before, during and after the work.
Before | During | After |
Accredited Business Directory | Reimbursement of advance payments to a maximum of $50,000.
OR
Completion of work (under certain conditions) and within the financial limits provided for by the Regulation. |
Completion or repair of defects or poor workmanship that are apparent at the time of acceptance, to a maximum of :
•$300,000 for a detached, semi‑detached or row‑type single‑family dwelling that is not held in divided co‑ownership
•$200,000 per dwelling for a multifamily building, from a duplex to a quintuplex (maximum of $1,000,000 for a quintuplex)
• $300,000 per unit and $3,000,000 per project for a detached, semi‑detached or row‑type single‑family dwelling held in divided co‑ownership
• $200,000 per unit and $3,000,000 overall for residential units provided for in the declaration of co‑ownership for multifamily buildings held in divided co‑ownership. |
Rigorous inspection program | Coverage for relocation, moving and storage, upon the presentation of vouchers and provided that no unjustified profit results therefrom, to a maximum of $6,000. | One‑year guarantee for the repair of poor workmanship that was not apparent at the time of acceptance, if notice of it is given within a reasonable time, to a maximum of :
$300,000 for a detached, semi‑detached or row‑type single‑family dwelling that is not held in divided co‑ownership
$200,000 per dwelling for a multifamily building, from a duplex to a quintuplex (maximum of $1,000,000 for a quintuplex)
$300,000 per unit and $3,000,000 per project for a detached, semi‑detached or row‑type single‑family dwelling held in divided co‑ownership
$200,000 per unit and $3,000,000 overall for residential units provided for in the declaration of co‑ownership for multifamily buildings held in divided co‑ownership. |
Reimbursement of advance payments, to a maximum of $50,000 | Three‑year guarantee for the repair of latent (hidden) defects notified within a reasonable time, to a maximum of:
$300,000 for a detached, semi‑detached or row‑type single‑family dwelling that is not held in divided co‑ownership
$200,000 per dwelling for a multifamily building, from a duplex to a quintuplex (maximum of $1,000,000 for a quintuplex)
$300,000 per unit and $3,000,000 per project for a detached, semi‑detached or row‑type single‑family dwelling held in divided co‑ownership
$200,000 per unit and $3,000,000 overall for residential units provided for in the declaration of co‑ownership for multifamily buildings held in divided co‑ownership. |
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Guarantee, for five years following the end of work, for repairs to faulty design, construction or execution or to an unfavourable nature of the ground, if notice is given within a reasonable time, to a maximum of:
$300,000 for a detached, semi‑detached or row‑type single‑family dwelling that is not held in divided co‑ownership
$200,000 per dwelling for a multifamily building, from a duplex to a quintuplex (maximum of $1,000,000 for a quintuplex)
$300,000 per unit and $3,000,000 per project for a detached, semi‑detached or row‑type single‑family dwelling held in divided co‑ownership
$200,000 per unit and $3,000,000 overall for residential units provided for in the declaration of co‑ownership for multifamily buildings held in divided co‑ownership.
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Reimbursement of property storage, relocation and moving costs when the building is not inhabitable during corrective work, to a maximum of $6,000 | ||
Restoration of the building and repair of material damage caused by the corrective work. |