Humber/Ontario Real Estate Course 2 Exam Practice

Who should a buyer contact to verify the insurability of a property?

1. A licensed appraiser

2. A financial advisor

3. An insurance agent

4. A real estate lawyer

5. A mortgage broker

6. A home inspector

The correct answer is: An insurance agent

A buyer should contact an insurance agent to verify the insurability of a property. Insurance agents specialize in assessing and providing insurance coverage for properties, and they are knowledgeable about the requirements and potential risks associated with insuring a specific property. They can provide valuable information regarding the property's insurability, including any potential issues or concerns that may affect obtaining insurance coverage for the property. The other options are not the appropriate professionals to contact to verify the insurability of a property: A. A licensed appraiser provides property valuation services and does not specialize in property insurance. B. A financial advisor offers advice on financial matters and investments, but they are not typically involved in property insurance verification. D. A real estate lawyer primarily deals with legal aspects of real estate transactions and contracts, not property insurance. E. A mortgage broker assists with securing mortgages for properties but is not directly involved in verifying the insurability of a property. F. A home inspector evaluates the condition of a property, not its insurability for insurance purposes.