Your Home Warranty with Maverick
Buying a new home is one of the largest investments you will ever make, which is why it’s important to ensure your home comes with protection.
Maverick is a leading provider of residential home warranties. For over 35 years, they have protected the American Dream and enabled homeowners to focus on enjoying their new homes – with their solutions in place to protect them from life’s unforeseen events.
1-Year
Workmanship & Materials Warranty
New Leaf is responsible for providing a 1-year workmanship & materials warranty. Covered components of a home that do not meet established Construction Performance Standards (as defined by NAHB) during the first year will be repaired, replaced or the homeowner paid the cost of the repair/replacement. Maverick provides surety type coverage and backs the New Leaf’s warranty for defects in workmanship and materials.
2-Year
Systems
Warranty
New Leaf is responsible for providing a 2-year systems warranty. Covered components of a home that do not meet established Construction Performance Standards (as defined by NAHB) during the first year will be repaired, replaced or the homeowner paid the cost of the repair/replacement. Maverick provides surety type coverage and backs the New Leaf’s warranty for defects in the electrical, plumbing, heating, cooling, ventilating, and mechanical systems.
10-Year
Structural
Warranty
Maverick is responsible for providing direct coverage from the day of closing for major structural defects. If a major structural defect occurs to a designated load bearing element of the home within the 10-year warranty term, it will be repaired, replaced, or paid for by Maverick.
Workmanship, Materials and System Defects Protection
During the warranty period on your new home, New Leaf assures and Maverick guarantees that your home will be free from defects in the materials or workmanship as defined in the Warranty Performance Standards. We also guarantee your home to be free from defects in the electrical, plumbing and mechanical systems as defined in the Warranty Performance Standards (including wiring, piping and ductwork of those systems).
Major Structural Defects Protection
The warranty provides coverage for “major structural defects” that occur during the term of the warranty. A “major structural defect” is defined as actual physical damage to load-bearing portions of the home which affects the load-bearing function to the extent that the home becomes unsafe, unsanitary or otherwise unlivable. Maverick is responsible to you, the homeowner, for total liability of all major structural defects arising during the term of the warranty, limited to the amount of coverage provided under the warranty and not exceeding the original purchase price of the home. Repair and/or replacement do not affect the term of the warranty.
Problem Solving
In the unlikely event of a dispute, our industry unique Conciliation process has a 98.2% resolution success rate. We partner with you and New Leaf Builders to manage the process without additional claim fees, inconvenience or legal action.
What is covered by my Maverick Warranty? Is my warranty transferable?
It depends on the particular warranty coverages provided by New Leaf Builders. Most new-home warranties cover workmanship, materials, systems and major structural defects. Please refer to the Warranty Document for specific coverages provided on your home. Your warranty will transfer automatically upon change of ownership during the warranty period.