Who is exempt from the insurance coverage requirement outlined in the building code?

The scenario outlined in the question pertains to the specific provisions of the building code regarding insurance coverage requirements. The Ontario New Home Warranties Plan Act is designed to protect homeowners who are purchasing new homes. Under this act, individuals are covered by warranty protection, which includes insurance for certain risks associated with new home construction. As a result, those individuals are exempt from the insurance coverage requirements typically mandated by the building code, as their interests and risks are already protected under this specific act.

This exemption recognizes the special protections that are in place for new homeowners, allowing them to rely on the warranties and insurance provided through the Ontario New Home Warranties Plan rather than requiring additional insurance that may overlap or duplicate those protections. Thus, individuals under this act do not need to seek out separate insurance coverage in relation to the building code’s stipulations.

The other options do not accurately reflect individuals exempt from these insurance requirements. Registered code agencies, while they play a role in the regulatory environment, are not exempt from general insurance requirements tied to construction. Construction workers typically require insurance coverage for their work to mitigate risks associated with job-related injuries or damages. Homeowners personally managing their renovations are generally encouraged to maintain proper insurance for liability and property damage, thus they do not fall