Do I need home insurance before possession?

Yes—home insurance is a key part of a smooth and secure home buying process.

When should I get insurance?

We recommend setting up your home insurance at least 12 hours before possession. This ensures you’re fully covered from the moment you take ownership of the property, regardless of when keys are exchanged or if there are any unexpected delays.

How do I get home insurance?

There are several reputable insurance providers in Canada that allow you to:

• Get a quote online in minutes
• Customize your coverage based on your new home
• Secure a policy instantly

You can search online for home insurance providers or use a service you already trust.

Make sure your policy includes coverage for:

• Fire and water damage
• Personal liability
• Replacement cost of contents and dwelling
• Any requirements from your mortgage lender

Final tip

Start your insurance search early in the closing process so you have time to compare rates and ensure all your lender’s conditions are met.