Home and life insurance options to keep your house and family safe
For many Canadians, their home is their single
largest asset. As such, homeowner’s insurance
has become essential coverage to protect
homeowners from damages resulting from
hazards such as storms and fire. Homeowner’s
insurance also covers liability on visitors to the
property, and replaces property lost to theft
and accidents.
When it comes to protecting that asset,
homeowners can be exposed to additional risk
stemming from accidents or illness. Carefully
consider your full range of insurance needs
before you buy property or apply for a
mortgage, including:
• Mortgage life insurance is an insurance
policy that will pay off your mortgage in the
event of the person’s death.
• Disability insurance is a type of insurance
that will cover your mortgage payments in the
event that the individual becomes ill and is
unable to work.
• Critical illness insurance coverage is
designed to ease financial pressures resulting
from a critical illness by paying a lump sum
benefit to the lender.
For one-stop home financing and more info
on mortgage insurance referrals, speak with
a mortgage professional.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment