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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.

I would recommend everyone to Stephanie!! After being discouraged from another broker I got directed to Stephanie and it was the best decision I ever made! She was professional and even put up with me being anxious about buying my first home. She went above and beyond in my eyes! I will definitely be giving everyone I know that’s looking to buy a house her info!!

Brandon B

Stephanie is amazing, she is the best broker ever, professional, knowledgeable she is always there for you I highly recommend her, when others brokers or banks tell you “no”, she will work with you and found a way to help you to get your dream house.

Rosario R

Steph is simply awesome. No hesitation giving a 5 star review for Stephanie and the Gotobrokers team. You need any mortgage tips, advice or transaction you wont go wrong giving this team a call. Thank you Steph for all you do!

Greg D

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.