Insurance and Your Home Investment


When you purchase your home, consider how you will protect your investment.

Homeowner's Insurance

Most lenders insist on fire insurance coverage at least equal to the loan amount or the building value, whichever is less. You should also consider a homeowner's policy that combines fire insurance on the building and its contents with personal liability coverage.

Mortgage Life Insurance

When lenders refer to mortgage insurance, they're referring to coverage that's provided by CMHC or MICC for a high ratio mortgage (over 75% of purchase price). Mortgage Life Insurance (MLI) is inexpensive coverage on your life which protects your family or beneficiaries by paying off your outstanding mortgage in the event of your death.

Disability Insurance

Disability Insurance is important if your mortgage payments depend entirely, or in part,
on your income. Disability insurance provides replacement income if an accident or illness prevents you from working.

Job Loss Mortgage Insurance

Recently, insurance companies have started to offer Job Loss Mortgage Insurance. This insurance covers the mortgage payments in the event that you involuntarily lose your job.

 

CLIENT REVIEWS

Ray and I don't know where to begin to thank you for all your hard work and dedication in listing and selling our house (in 3 days). We have recommended you to friends and will do so for years to come.
~ Ray & Doreen
 

What's my home worth?

Wondering what your home is worth in today's market? Pricing your home to sell quickly and for the most amount of money are the key ingredients for a successful and stress-free selling experience.