Navigating BC’s 2-5-10 Home Warranty for New Strata Developments

Newly completed strata developments come with the protection of British Columbia’s 2-5-10 Home Warranty, but understanding how to navigate warranty claims, construction deficiencies, timelines, and stakeholder expectations can be challenging for property managers and strata councils alike.

Join Acera Insurance/Navacord Real Estate team and Sat Harwood, Partner at Lesperance Mendes Lawyers, for a practical discussion on managing warranty-related issues in newly constructed strata properties. This session will provide property managers and strata council members with a clearer understanding of the warranty process, common challenges that arise during the warranty period, and strategies for protecting the interests of the strata corporation.

What You’ll Learn

• Understanding the coverage and timelines under BC’s 2-5-10 Home Warranty
• The process for identifying, documenting, and addressing deficiencies
• Common pitfalls that can impact warranty claims and resolutions
• Managing expectations and communications with strata councils and owners
• When legal counsel should be engaged and how Legal Expense Insurance (LEI) may help support the strata corporation
• What warranty covers and what is does not
• Practical lessons learned from real-world warranty disputes and claims