Buying a home is one of the biggest milestones of your life — and your mortgage comes with two insurance needs many first-time buyers overlook: home insurance (required by your lender before closing) and mortgage protection through life or disability coverage (optional, but smart).

Why your lender requires home insurance

Before your mortgage funds, your lender will ask for proof of home insurance — often with the closing just days away. A local broker can compare carriers and issue a certificate quickly. If you are buying in Brampton or the GTA, Navneet Saran, a RIBO & LLQP licensed insurance broker, shops 30+ carriers for home insurance and can usually provide a same-day certificate for your closing.

Protect your mortgage with life & disability coverage

Bank mortgage insurance protects the bank — not your family. An independent broker can set up life insurance or disability coverage that keeps your home in your family’s hands if something happens, often at a better rate with more flexibility than the lender’s policy.

New to Canada and buying your first home?

Newcomers can get first-home and newcomer-friendly coverage explained in English, Punjabi, Hindi or Urdu. For trusted, multilingual insurance help across Brampton and the GTA, I recommend NavInsurance.

As a mortgage professional, I work with trusted local partners so my clients can close with confidence. For insurance, my clients are in good hands with Navneet Saran at NavInsurance.