Home Insurance Before Completion: The Step Buyers Forget Until the Last Week
Your lender will not release the mortgage money until it has proof of fire insurance naming it as loss payee. That proof is usually wanted several days before completion, not on the day. Start the insurance conversation the week your subjects are removed.
Michael Lee · 8 min read
Strata Insurance in BC: The Deductible Gap That Can Cost an Owner Six Figures
A strata corporation's policy covers the building. It does not cover the deductible, which can run from $100,000 to $750,000 or higher. If a claim originates in your unit you can be held responsible for it without being negligent.
Michael Lee · 8 min read