No one wants to wake up to a flooded basement and ruined property. Investing in basement waterproofing is crucial in protecting your home and property from water and mold damage. However, waterproofing isn’t cheap. The cost of waterproofing your basement can be anything from a few thousand dollars to tens of thousands of dollars depending on the condition of your foundation.
The good news is that basement waterproofing contractors often provide warranties for the work done. These warranties vary in what they cover and their limits. It is important for homeowners to carefully assess a warranty prior to hiring a waterproofing contractor.
Things to consider in the basement waterproofing warranty
Some things you may want to consider when assessing a waterproofing warranty include:
- The type of warranty being provided
There are four common types of warranties that waterproofing contractors provide. Lifetime warranties provide coverage for as long as you own the home on which the waterproofing will be performed. Limited warranties offer coverage for a fixed period, transferable warranties offer coverage for the current owner of the home and manufacturer’s warranties cover the materials from the manufacturer.
- What the warranty covers
What does the warranty cover? A manufacturer’s warranty for example only covers the materials from the manufacturer. It may only provide you with a replacement for the failed or faulty materials but will not cover the cost of the contractor’s labor. Other warranties may cover the cost of labor for fixing a problem.
- What is required to maintain the warranty?
It is important to understand what is required to maintain your warranty. Some warranties will require you to carry our regular maintenance or engage the contractor for annual service. If you do not meet the requirements of the warranty, you will not be able to take advantage of it when a problem arises with your basement.
- The warranty is only as good as the company standing behind it
It’s no good having a lifetime warranty if the company that has provided the warranty shuts down two years after waterproofing your basement. Your warranty is as good as the company that stands behind it. You will only benefit if the warranty is provided by a company that is honest and will be in business for a long time. You should therefore only accept services from a reputable company.
Be sure to consider the factors above when considering a basement waterproofing warranty to ensure you can truly benefit from having the warranty.