How Mortgage Insurance Impacts Your Borrowing Power
Depending on the size of your down payment, mortgage insurance could be necessary in order to close on your home purchase.
Protect your investment with premium coverage at an affordable price.
You get financial protection if your condo, or the things inside it, are damaged or stolen. From fire and water damage to theft and break-ins, condo insurance covers the cost to repair or replace your property so that you don’t have to.
You’ll need condo insurance if you’re taking out a mortgage to buy it. Banks and mortgage lenders in Ontario require that you have insurance before approving a mortgage loan.
That depends on what you need to protect! Before buying insurance, do an inventory of your condo to determine how much coverage you need.
Condo insurance provides personal liability protection if you’re sued. You also get coverage for your condo building’s shared spaces if you’re obligated to help cover damage to them.
Protection for your condo that makes it easy to understand where your insurance begins and the corporation’s ends. Onlia’s simplified condo insurance — policies protect your unit and its contents within your building, not including common spaces like hallways and elevators.
We’re always here when you need us the most. Our caring team is happy to guide you through every step.
Depending on the size of your down payment, mortgage insurance could be necessary in order to close on your home purchase.
We cover the ins and outs of flood insurance, living in a high-risk zone, and preventative flood methods.
Stay covered during your down time.