This can happen and may cost Home Buyers or Sellers thousands of dollars in unexpected expenses. Unfortunately the only recourse for most people is to get involved in costly litigation with no certainty they would recover their additional costs.
Rhodes and Williams Limited a Registered Insurance Broker, now offers you an inexpensive solution. Canadian Home Shield SafeClose™ Home Closing Insurance*, provides you with coverage for irrecoverable extra costs resulting from unforseen delays or failures in your home closing. You will be provided with up to $25,000 in coverage for up to 180 days from the original closing date.
Below are some examples of extra costs which may arise:*
Home Sellers are especially vulnerable when buyers are unable to close. There are many ongoing extra costs to maintain a home that has failed to close, that can come into play when you have already purchased another home:
Best of all, this coverage whether buying or selling a home gives you peace of mind, confidence and security.
*Refer to policy wording for terms, conditions, limitations and exdusions. Canadian Home Shield SafeClose™ is a Trademark and Brand Name used by Permission and Licenced to Rhodes & Williams Limited. SafeClose™ is Underwritten by Elite Insurance Company.
For Information Call James Vlachos, Insurance Broker Rhodes & Williams Limited 1-888-781-5411 or 905-781-5411 Direct