The Canadian real estate market can feel like a rollercoaster ride. For most of your clients, their home is their largest financial asset. As property values rise, they want to know that their TitlePLUS policy will cover them up to the market value of their property. The TitlePLUS Market Value Endorsement will do just that.
This addition to the policy provides coverage based on the market value of their home when a claim is made. With the Market Value Endorsement, if a covered risk arises, the compensation is based on the property’s current market value up to $10 million. However, it will not cover an increase in value due to renovations by the homeowner. The Market Value Endorsement is available at the time of purchase.
For only 10% of base premium of the owner policy, or a minimum $50, you can give your clients even more protection than ever.