When a property insurance policy owner dies in Ontario, it’s important to notify the insurance company promptly. Contact the insurer with the policyholder’s name, policy number, and date of death. You’ll likely need to provide a copy of the death certificate.
Next steps:
- Determine who will take over the policy (e.g., spouse, heir, or estate executor).
- Update the policy with new owner information.
- Review coverage to ensure it still meets current needs.
- If the property is being sold, inform the insurer and discuss options for temporary coverage.
Remember, continuing payments is crucial to maintain coverage during this transition. If you’re unsure about any steps, consult with the insurance company or a licensed insurance broker for guidance specific to your situation.