Home Insurance — Not Compulsory, But...

You have no legal obligation to insure your residence. However, if your residence is financed by Industrial Alliance’s Mortgage Loans Department or by another financial institution, the institution will require that you insure it to protect the financed property. Even a property that is mortgage-free should be insured. After all, it costs only a few hundred dollars a year to protect your most precious asset—which often has cost you hundreds of thousands of dollars.

Your home represents an important investment for you. Whether you are an owner or a co-owner, you should take the measures required to properly protect this investment.