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Insurance Concerns for Buyers
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2 Credits
Course Description
Ontario homeowners and homebuyers have been devastated by current conditions in the insurance industry.
Insurers are refusing to continue to insure homes as they have always been insured before. In some cases,
insurance costs are dramatically higher than expected, and in others, insurance is available only after
considerable upgrading to the home. All of this creates an economic hardship for homeowners at a time when
they are most stretched financially.
As real estate professionals representing buyers and sellers, registrants should be aware
of how insurance requirements can affect a transaction. This course is designed to provide practitioners with
an understanding of insurance issues in today's marketplace and how they can affect the decisions made by
buyers and sellers.
Learning Objectives
By the end of the course you will be able to:
- Recognize why insurance companies are being cautious
- Recognize those situations where insurance may be hard to obtain
- Protect your buyer through the proper use of clauses and forms
- Advise sellers on ways to help make their property insurable
- Be aware of recommended solutions to insurance problems.
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How to Enrol
- Enrol Online.
- Call the OREA Real Estate College at 416-391-6732 or
1-866-411-6732.
- Enrol in person at the OREA Real Estate College, 99 Duncan Mill Road, Don Mills,
Ontario M3B 1Z2.
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