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It Is Mandatory

Before you close on your home, you’re lender is going to require you have home insurance. While there are different types of coverage, home insurance generally covers you from damage to accidental or unexpected happenings like a fire, flooding and further extended overages. It can also cover the contents of the depending on your insurance package If you are buying a condo or a strata, your’re also going to need similar condo insurance that cover you for your unit.

​If your home is a revenue property, your insurance is required to state this. It may be a little more expensive however your mortgage cannot close if the insurance does not match the intended usage. Your lawyer will provide a copy of your insurance policy to the lender prior to receiving funds to close.

It is recommended that you speak to a few insurance companies to acquire the absolute best coverage for you and your family.

You may find a bundle package with your current insurance provider may also provide you with savings.

Highly Recommended

Find out why hundreds of others choose GoToBrokers as their Alberta mortgage broker of choice.

Stephanie and her team provide a service that goes above and beyond exceptional. Always keeping us up to date with the mortgage process and helping us work out every detail we faced through the initial property purchase along with our current processes of remortgaging our home. Easy to contact via email or phone with fast detailed info as needed

Kayla Y

Amazing experience! Stephanie was helpful and quickly answered all of my questions throughout the process. I would recommend her to anyone, without hesitation!

Elyse F

Stephanie is fabulous! She always takes my calls and has patience with my many many questions, no matter how trivial. She gives me an honest opinion when I ask for it. She has years and years of experience, it shows in a good way. She has not forgotten how it is to be in the shoes of someone new to buying a home. We have her and Keith from Maxwell Progressive and they are a fantastic team. We bought our house for a good price and everything had a good flow. Supremely impressed. I won’t hesitate to use them again or recommend them to anyone!

R Christian

Buying a home is likely one of the single largest purchases you will make in your lifetime. It is also an investment in your family’s financial future – an investment that needs to be protected.