There are several kinds of Insurance and it is important that you know the differences and how they affect you and your family.
There is:
- Mortgage Insurance
- House Insurance
- Life & Disability Insurances
- Title Insurance
- and more
Mortgage Insurance is Insurance that you pay to Insure a mortgage that is classified as High-ratio...the insurance is for the lender...but is paid by the Borrower.
To obtain information on current rates Click Here.
House Insurance...In today's marketplace it is prudent to secure the insurance on your new property...whether it is a detached home, a townhome, a semi or a condominium and regardless where that home might be...Georgetown, Acton, Erin, Halton Hills, Norval, Ballinafad, Hillsburg, Rockwood, Guelph or anywhere, as early as possible. After a home inspection there may be some issues that arise, primarily when the home is older, that could make obtaining insurance more difficult than you might expect. It may prove that it's not difficult but perhaps more expensive than you anticipated. Depending on the property you purchase your REALTOR® may include a condition in the offer to cover obtaining insurance.
Be sure to keep your insurance up to date until the end of the day on the date of closing.
Understand that if you are obtaining a mortgage the lender will insist you have insurance coverage on the property.
For Insurance information in the Georgetown, Halton Hills, Acton, & Erin marketplaces...feel free to contact one of the reputable sources below.
- Paul C. Armstrong Insurance Brokers Ltd. mailto:parmstrong@pcarmstrongins.com
- State Farm Insurance lora.green6479@statefarm.com
Life & Disability Insurances...are for your person. Disability Insurance takes care of you when something happens to you or in the unfortunate case of your death Life Insurance takes care of your family.
Title Insurance insures the Title on your home. For more information on Title Insurance Click Here.
Deborah Gilmore...Your Trusted Source For Anything Real Estate!
