Buying a home? Get your insurance sorted before closing.
Your mortgage lender will want proof of home insurance before your closing date, and your lawyer will ask for it. Frank compares options, sets up the policy with your lender named on it, and sends the proof your lawyer needs.
No obligation. Nothing changes without your approval.
- Licensed broker (RIBO)
- English or French
- Weekends available
- A real person, by phone
Why it can’t wait until the last week
Lenders require it
Most mortgage lenders require home insurance, with the lender named on the policy, before they release the funds.
Your lawyer needs proof
Real estate lawyers usually ask for an insurance certificate or binder before closing. Sorting it out early takes one thing off your list.
A good time to review your car
Many insurers offer a discount when home and auto are insured together, so it’s worth looking at both at once.
What Frank sets up with you
- Enough coverage to rebuild the home, which is different from the purchase price
- Your lender named on the policy through the mortgage clause
- Water damage options, such as sewer backup and overland water
- Liability protection for you and your household
- Proof of insurance sent to your lawyer before closing
How it works
- Send a short requestPick a time for a call and add documents if you have them. It takes a few minutes.
- Frank reviews and comparesA licensed broker looks at your situation and compares options.
- You decideTalk it through by phone. Nothing changes without your approval.
Realtors and mortgage brokers
Feel free to share this page with your clients. Frank works by phone in English or French, including on weekends, which helps when a closing date is close.
What to have ready
- Your closing date and your lawyer’s contact information
- The property address, and the listing or inspection report if you have it
- Your lender’s name
- Your current home or tenant policy and your auto policy
Don’t have everything? Send what you have and Frank will ask for the rest.
Common questions
When should I start?
As soon as your offer is firm. Two to three weeks before closing leaves time to compare options and send proof to your lawyer.
When does the policy start?
It’s usually set to start on your closing date, when the home becomes yours. Frank confirms the date with you.
Can I stay with my current insurer?
Yes, if it’s the best fit. As a broker, Frank compares options across the insurers he works with, including bundling with your car.
What if I’m buying a condo?
A condo unit needs its own policy for your belongings, upgrades and liability. The condo page explains what the building’s policy leaves out.
Closing soon? Start with a quick request
Tell Frank your closing date and he’ll take it from there. No obligation, and nothing is bought without your approval.
Prefer email? Write to Frank.tereraho@insureu.ca.
More reasons to review your insurance
Sources: Insurance Bureau of Canada: buying home insurance · Financial Consumer Agency of Canada: home insurance
Frank Tereraho is a licensed insurance broker (RIBO) affiliated with InsureU Brokers Inc., 135 Laurier Ave W, Ottawa, ON. This page is general information, not advice. Savings are not guaranteed. Quotes and coverage depend on each insurer’s underwriting and policy wording.