Canada Home Insurance Checks Before Buying

Before buying in Canada, review policy exclusions carefully. Standard coverage may leave out flood, earthquake, mold, pest damage, and losses tied to deferred maintenance.
Ask a licensed agent to convert percentage deductibles into real dollars, so a lower premium does not hide out-of-pocket costs that strain savings.
Start insurance quotes once a Canada property becomes a serious option. Confirm roof terms, inspection requirements, repair conditions, and occupancy details before coverage is bound.
Condo and co-op buyers in Canada should read the building's master policy, especially the master deductible and any gaps that could trigger special assessments.
Review building age, roof and electrical condition, claims history, reserve studies, and board minutes early, then factor insurance costs into the final purchase decision.