Kanetix Forum

I am purchasing a house that is separated into separate units. The seller does not warrant the retrofit status of the units. Will I be able to get valid insurance on the house if the units are not fire retrofitted?

Yes, you will most likely be able to get insurance, it will just be a question of finding a company that will insure you, and at what price. This will depend on the details of the retrofit you are discussing. If the retrofit is not up to code or poses a hazard then many insurers may end up declining to insure your home.

I recommend you have a certified home inspection completed; something I would recommend for anyone purchasing a new home. The details should be shared with any insurer you approach so they can evaluate whether this is a risk or not.



Alternatively, some insurers will also want to order a home inspection of their own in order to get a real sense of the home, and offer loss prevention advice if possible. These measures will tell you, as well as your potential insurer, what you're getting into.

Sean Graham, KTX Insurance Brokers

Neither Kanetix® nor the KanetixForum.ca is an insurance broker or agent. Although this information has been passed along to you from KTX Insurance Brokers through the Forum, we are not responsible for the opinions expressed by them. Insurance can be complicated. When reading these answers, keep in mind each person¿s situation is unique. Individual responses may vary depending on your insurer, geographic location, and specific circumstances. If you have a similar situation, always speak with your insurance provider, or a licensed insurance representative, for terms and conditions that may apply to you.