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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.

We contacted Stephanie for help in our remortgage of our home. Never used a broker before but lately unhappy with our bank and their rates. We decided to try a mortgage broker. Stephanie did a fantastic job with less hassle then the bank. She made it so easy. Got us great rates, met with us when it was convenient for us (no banker hours). Very professional and hard working. Overall excellent service!!!

Lynn C

If I could give a 10 star review for amazing service , true professionalism with integrity and outstanding knowledge I would . Stephanie has helped me over the years with all my mortgage needs and always fully explained all my options helping me make the right decisions and getting me the best deals in the market. A huge thank you to Stephanie !!!

Nathand D

Stephanie is amazing to work with! She was patient, kind and very professional. Stephanie was there every step of the way, answering any questions or concerns we had with buying our first home. Highly recommend!

Janette T

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.