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photon · 04-12-2007, 04:16 PM

We've got insurance with a few different places, but I never really had a problem with them saying no. For sure I know we have some with TD and some with the Co-operators.

Often when we get a rental property, we find out who was insuring the property before and go with them, sometimes they'll transfer the policy right over without having to do a new one.

In fact insurance can be a huge deal sometimes, if a property is older and had one owner for quite a while then trying to get new insurance can be difficult, expensive, or sometimes even impossible without doing sgnificant work. I know we looked at one property once where it was a decent property, but to get it insured would have required $20-30k worth of work on the plumbing and wiring and stuff!

So now when we write offers, the ability to get acceptable insurance is part of the offer conditions so I don't end up with a property that I can't insure.

Anyway, try TD and the Cooperators, though I'm suprised your current insurance company wouldn't be willing to do something for you.

04-12-2007, 04:16 PM	#7
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	We've got insurance with a few different places, but I never really had a problem with them saying no. For sure I know we have some with TD and some with the Co-operators. Often when we get a rental property, we find out who was insuring the property before and go with them, sometimes they'll transfer the policy right over without having to do a new one. In fact insurance can be a huge deal sometimes, if a property is older and had one owner for quite a while then trying to get new insurance can be difficult, expensive, or sometimes even impossible without doing sgnificant work. I know we looked at one property once where it was a decent property, but to get it insured would have required $20-30k worth of work on the plumbing and wiring and stuff! So now when we write offers, the ability to get acceptable insurance is part of the offer conditions so I don't end up with a property that I can't insure. Anyway, try TD and the Cooperators, though I'm suprised your current insurance company wouldn't be willing to do something for you. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.