Can home insurance in Canada be transferred to a new owner?
No, a home insurance policy cannot be transferred between homeowners. For example, if you're selling your home, it's important to understand that it's not feasible to transfer your current homeowners insurance policy to the new homeowner. As the seller, you would need to cancel your existing policy and acquire a new home insurance for your next residence, either with your current insurer or with another provider. On the other hand, the buyer of your property would also need to navigate the process of purchasing their own homeowners insurance.