A new mortgage can mean exciting times and – no doubt – some moments of uncertainty in your life. We’re committed to making things as easy as possible for you. That’s why we have arranged for our mortgage clients to be able to receive a complimentary period of home system warranty protection. If you choose a one-year mortgage term, you qualify for six months of coverage, at no cost to you. If you choose a longer mortgage term, you qualify for one full year.
Whether you are moving to a new home or transferring an existing mortgage, unexpected repair costs are never welcome.
With the Encompass Home System Warranty Program:
This complimentary benefit is available with most new MCAN mortgages. If you are eligible, you’ll see an enrollment clause in your mortgage commitment. After your complimentary period of coverage, your low fee of only $17.69 per month (plus applicable taxes) will be conveniently added to our mortgage payments. You may cancel your participation in the Encompass Home System Warranty Program at any time.
If a repair services technician needs to break through a wall, ceiling or floor to repair your central heating/ air conditioning or electrical system, they will put things back the way they found them, exclusive of decor. This means, for example, they will repair the wall but not re-paint it. The re-decorating decisions will be left to you, since it might not be possible to match your current pattern or colour.
You’ll have access to the services that are necessary to repair OR replace the following:
All electrical and mechanical parts, including gas, oil and central electric heating systems, gas or electric fireplace inserts, space heaters and baseboard heaters affixed to walls, central or permanently installed air conditioners, (not window-installed air conditioners), heat and circulating pumps, and for Condominiums, we cover all parts of the fan coil unit located within the condo unit
All switches, circuits, breaker panels and fuse boxes.
All parts, if owned by you, including the water heater tank, burner, all valves, electric fittings and other mechanical parts.
Any water, gas, drain, vent or waste pipe that is blocked, leaking or broken (excluding toilets, clogged sinks, and leaks from taps, showers or tub controls). Limitations may apply if the source of the problem is outside your home; e.g. a cracked sewer main.
Plumbing, electrical, heating, air-conditioning – No matter when a problem occurs, you simply phone the 24-hour toll-free number for assistance. Arrangements will be made to send a qualified licensed repair technician to your home. If you’ve ever had your furnace break down on a cold weekend or your air conditioning fail in August, you know how valuable this service can be.
Download complete program details and FAQs here.