Certified Resale Home
Subject to the exclusions and limitations set out hereunder and under Your Home Inspection Report, YourbvCertified Resale Home includes a warranty to repair or replace one or more of the Covered Items below, up to an aggregate maximum of $20,000, if the defect or malfunction occurs during the coverage period or was not identified and excluded by the Home Inspector as part of the Inspection Report. A claim under this warranty on certain Covered Items may be subject to a $500 contribution on Your part, as further described in Section 4 (Other Conditions and Stipulations) below.
AGGREGATE MAXIMUM COVERAGE AMOUNT OF $20,000 AVAILABLE FOR ALL COVERED ITEMS
Covered Items 1 through 4 are within the overall aggregate maximum coverage amount and you may make multiple claims on these Items provided the total sum paid under this warranty for its duration does not exceed $20,000. Covered items 1 through 4 have no individual cap. Covered Items 5 through 6 are also within the overall aggregate maximum coverage amount but have their own claim caps under this warranty. Item 5 (Swimming Pool Equipment) coverage is limited to $1,500 and Item 6 (Septic Tank System) coverage is limited to $1,000.
Example 1: if a $20,000 claim is made for one Item from 1 through 4 then You have reached the cap and cannot make a claim for any other Covered Items. If however You claim the maximum available for Covered Items 5 and 6 then $17,500 would still be available under the warranty to make a claim for Covered Items 1 through 4.
Example 2: if You claim $8,500 for a roof repair and $1,000 for swimming pool equipment repair, You would have $10,500 still available, although You would only have $500 for any further claim related to the swimming pool equipment because that is subject to its own claim cap (set out above).
Example 3: if a claim for $3,000 is made for the Swimming Pool Equipment (Item 5) then only $1,500 would be payable and no further claims for Item 5 could be made under this warranty. $18,500 would still be available under this warranty for claims onthe remaining Covered Items.
Definition of Term
The following terms when used in this document mean:
- “Company”: First Canadian Title Company Limited
- “Covered Items”: the four major systems of Your Home covered by the standard warranty: heating; cooling; roof and foundation, together with swimming pool equipment and septic tank system (each referred to as “Item”) if these optional coverages are purchased, subject to the limitations and exclusions hereunder
- “Certified Resale Home”: the service provided by the Company comprising a pre-listing home inspection, the Inspection Report and the applicable warranty coverage
- “Home”: the building referred to in the Inspection Repor
- “Home Inspector”: the individual who inspected the Home who is participating in the Company’s program and who provided the Inspection Repor
- “Inspection Report”: the report that was completed by the Home Inspector at the conclusion of the inspection of the Hom
- “Terms and Conditions”: the terms, conditions, limitations and exclusions set out in this warranty
- “You/Your”: the person who is on title to the Home
Coverage Conditions
A. Standard Coverage
1. Heating
Your warranty includes coverage for the repair or replacement of the major components of the systems used to heat Your Home as a result of significant failure, which includes only the following heating systems:
- Heat pumps (but not including heating via geothermal system types)
- Hot water boilers Gas, electrical or oil-fired forced-air furnace
- Baseboard heaters (where they provide the main heating for the Home)
This coverage does not include:
- Combination hot water/heating systems
2. Cooling
Your warranty includes coverage for the repair or replacement of the major components of the systems used to cool Your Home as a result of significant failure, which includes only the following cooling systems:
- Central air conditioning systems (but not including cooling via geothermal system types or
window units) - Ductless (mini-split) systems
3. Roof
Your warranty includes coverage for the repair or replacement (in whole or part) of the roof and wall and ceiling finishes of the Home in the following circumstances:
- Leaks in the roof of the Home as long as leaks are caused by normal wear and tear and the roof
was in good, water-tight condition at the start of coverage as determined by the Home Inspector - Leaks in the roof that cause damage to wall and ceiling finishes of the Home
This coverage does not include:
- Periodic preventative maintenance
- Leaks from, in and/or surrounding skylights including flashing and any other components of those skylights or components securing any skylight on or to the roof. This does not limit coverage if the source of the leak is in the roof itself
4. Foundation
Your warranty includes coverage for the repair or replacement of the following issues that existed at the time of inspection of the Home and were not visible under normal conditions, or that arose subsequent to the inspection of the Home while the coverage remains in force:
- Coverage for significant foundation issues that immediately compromise the structural integrity of the Home, evidence of which may include, but is not limited to, bulging walls, large cracks in the foundation (particularly horizontal ones) and/or misalignment of doors and windows
- Leaks as a result of a crack in the foundation
- Repair or replacement of wall assemblies as a result of a foundation issue that immediately compromises the structural integrity of the Home
The coverage does not include any of the following:
- Any damage caused to contents (i.e. fixtures, furniture, flooring, etc) of the Home due to a foundation issue
- Damage to the perimeter foundation drainage system i.e. drain or weeping tile
- Damage caused by sewer backup
- Cosmetic repairs
- Chimneys
B. Optional Coverage
5. Swimming Pool Equipment
Your warranty includes coverage for the repair or replacement of the following components that may have had issues that existed at the time of inspection of the Home and were not visible under normal conditions, or that arose subsequent to the inspection of the Home while the coverage remains in force:
- Pump
- Timer
- Filter
- Valves
- Pool sweep motor and pump
- Pump motors
- Heating unit
- Above ground plumbing and electrical
- Salt water cell and circuit board (if applicable)
The coverage does not include any of the following:
- Above-ground pools*
- All cleaning equipment, liners, lights, structural defects, solar equipment
- Inaccessible components, jets, chlorinators
- Other water chemistry control equipment
- Ornamental fountains
* Being of a man-made rigid or semi-rigid structure, basin or receptacle for water whose framework is installed primarily above ground.
6. Septic Tank System
Your warranty includes coverage for the repair or replacement of the following components that may have had issues that existed at the time of inspection of the Home and were not visible under normal conditions, or that arose subsequent to the inspection of the Home while the coverage remains in force:
- One-time pumping of tank if stoppage is caused due to septic tank backup
- Septic tank system – jet pump, aerobic pump, sewage ejector pump, septic tank and sewer line from house to septic tank
- Sewage ejector pump – all parts and components of sewage ejector pump not associated with the operation of a septic tank
The coverage does not include any of the following:
- Seepage pits
- Leach lines, leach beds, lateral lines, cleanout and pumping of septic tank (beyond one-time pumping caused by backup), basins and any costs associated with locating or gaining access to or closing access from the sewage ejector pump
Exclusions:
The following matters are expressly excluded from the coverage of this warranty and the Company will not pay loss or damage, costs, legal fees or expenses, which arise by reason of:
- Repairs or replacements of Covered Items required as a result of missing parts, fire, flood, smoke,lightning, hail, freezing, earthquake, theft, storms, accidents, mud, war, riots, vandalism, improperinstallation, acts of God, damage from pests, lack of capacity, damage, misuse, abuse or mistreatmentby the occupants of the Home
- Failure of Covered Items not due to normal wear and tear, including repairs or replacements required as a result of Your failure to undertake cleaning and routine maintenance
- Repairs or replacements required that are created, allowed or agreed to by You. This would include, but is not limited to renovations undertaken by You after the inspection of the Home i.e. excavation around the perimeter of the Home as part of a landscaping project that creates a foundation issue or leak, structural alterations that involve the roof or relocation of heating and cooling systems etc. These examples illustrate the shift from an agreed upon risk profile of the Items at the time of the Inspection Report to circumstances that are materially different and therefore potentially of greater risk post inspection
- Cosmetic defects
- Consequential, incidental and/or secondary damage or loss resulting from the malfunction of any Covered Item, including, but not limited to, personal and/or property damage, additional living expenses, utility bills or loss of income
- Periodic maintenance of a roof
- Any damage caused to contents of the Home and/or cosmetic repairs
- Any Home which is not a single family residential property or containing more than two (2) dwelling units
- Any condominiums
- Repairs arising from a manufacturer’s recall of Covered Items, manufacturer’s defects or for items covered under an existing manufacturer’s, distributor’s or in-home warranty. The Covered Items must be domestic or commercial grade and specified by the manufacturer for residential use
- New systems or additions to the Home made after completion of the Inspection Report
- Repairs or replacements necessitated by hazardous or toxic materials, including mold, mildew, bioorganic growth, rot, fungus or pest damage
- Buildings on the property that are not attached to the Home
Other Conditions and Stipulations:
- Any claim made by You for repairs or replacement related to the heating or cooling system, the swimming pool equipment or septic tank system may be subject to a $500 contribution on Your part.The intent is to ensure that the Company is covering a significant repair or replacement. In other words, You will be responsible for repairs or replacement of these Items if the total cost at any one time is $500. For example, if the furnace breaks down and the ignition switch needs replacing at a total cost of $350 (inclusive of parts, labour and tax), then that would be Your responsibility, not that of the Company. But if the cost came to $750 then the Company would be responsible for the full amount. Costs to diagnose or prepare quotes related to an issue or issues shall not be included as part of the total cost. In other words, if the total cost is $350 (as per the example above) but there is a charge for diagnostics and quote preparation that is $150, You will still be responsible for the full $500.
- The Company will determine whether a Covered Item will be repaired or replaced. In the event a Covered Item is being replaced, the replacement materials will be of similar features, efficiency and capacity as the Covered Item in the Home as described in the Inspection Report.
- If You have other coverage through a manufacturer, distributor, builder in the nature of warranties or any contracts of insurance for the Covered Items noted hereunder, You will first obtain coverage under those warranties or contracts of insurance prior to making a claim with the Company and You shall provide proof of doing so.
- The Company will not cover routine maintenance. You are responsible for cleaning and routine maintenance as specified by the manufacturer of the Covered Items.
- You are only covered for the Items noted on your Inspection Report.
Timing and Duration of Warranty:
Your warranty begins on the day the Home is inspected and remains in force for eighteen (18) months. You must notify the Company of any claim during the duration of this warranty
- No open house listing available.
