Get a 1-year break on home insurance.Buying a home or condo can be expensive. There are closing costs, moving costs, renovations and more. That's why we created a Housewarming Offer that can help you save money when you need it most—one whole year without any home insurance premiums(1).
You can get your first 12 months of home insurance on us when you close and move into a new or resale house or condo in Alberta between July 27 and December 31, 2011. That's an average value of $779(2)!
Housewarming Offer: Frequently Asked Questions
Is the offer only available in Alberta? Yes, at this time the offer is only available to those who are buying a home or condo unit in Alberta (including those moving to Alberta from another province.)
What types of properties are eligible for the offer? The offer is valid on detached, single-family homes and condominium units. In addition:
The property must be your primary principal residence (where you will live most of the year). The property purchase price cannot exceed $1.2 million.
Are any types of properties not eligible for the offer? Primary residences with a purchase price exceeding $1.2 million, mobile homes, secondary/vacation homes and seasonal homes that you occupy for only part of the year are not eligible for the offer. In addition, the offer is not valid on a home or condo unit that you are purchasing for someone else or that you plan to rent out (and not live at).
What coverage is included with the offer? You will receive our most complete home insurance plan: Enhanced Plus for Homeowners or Enhanced Plus for Condo Owners . You'll have protection against the widest range of risks to your property that we have available which includes our maximum coverage for your personal belongings.
Will I need to provide Proof of Purchase to RBC Insurance®? Yes, you will need to provide us with Proof of Purchase of your new home within 30 days of the sale/closing date.
Will RBC Insurance notify my mortgage lender of my insurance coverage? Yes, we will provide confirmation of your insurance coverage to your mortgage lender (if applicable).
Other Ways to Save Have a car insurance policy with us? You could save an additional 12% on your car insurance premiums when you also have your home insurance with us. And, you can even save 10% on a life insurance policy as well.
1) Offer available to home and condominium owners in the Province of Alberta, Canada, excluding mobile homes. Homes and condominiums must have a closing date between July 27, 2011 and December 31, 2011 (inclusive). The Moving date is to be substituted for the closing date for unregistered condominiums only.
2) On average, the Housewarming Offer has a value of $779. The average premium paid for a residential home or condo in the province of Alberta is based on our standard rates. The offer consists of 12 months of premium for the Enhanced Plus policy covering the applicant’s principal residence. Endorsements and additional features will be charged at regular rates. All applications are subject to regular underwriting rules and qualifications. Certain conditions apply to the offer, not valid in conjunction with other offers. We reserve the right to revoke the offer without notice at any time.
1. The house needs to be your principle residents 2. The house cannot be a mobile home 3. The purchase date needs to be between July 27/2011 to dec.31/2011 4. If they have had 2 or more claims within the past 5 years (on their house insurance), they will not qualify for this promotion
Just to confirm, when these clients are looking for home insurance. They have to be taking possession of a new home, and have to bring their purchase agreements, or scan the documents to us.
Just want to make sure you understand, that it is a 'Move' the client is making, and not just renewing an existing home policy.