Securi-T covers your mortgage payments in the event of a loss of employment.



RE/MAX, its real estate brokers and its 3 financial partners :
  • Desjardins mortgage financing services;
  • Bank of Montreal;
  • National Bank of Canada;
offer you Securi-T, an exclusive protection program in case of loss of employment.

Go ahead with your transaction without worrying about losing your job, which would place your mortgage payments at risk!


COVERAGE

AMOUNT
The Securi-T program covers both the principal and the interest of your mortgage payments, in the event of the loss of your main employment during the year following the real estate purchase*.

Your mortgage payments will be covered up to a maximum of six thousand dollars ($6,000) per month and up to a limit of thirty thousand dollars ($30,000) per insurance term, including property taxes.

You will also be compensated for any interest due on your Home Equity Line of Credit (HELOC), if you have one.

*Certain conditions apply.
AMOUNT
The Securi-T program covers both the principal and the interest of your mortgage payments, in the event of the loss of your main employment during the year following the real estate purchase*.

Your mortgage payments will be covered up to a maximum of six thousand dollars ($6,000) per month and up to a limit of thirty thousand dollars ($30,000) per insurance term, including property taxes.

You will also be compensated for any interest due on your Home Equity Line of Credit (HELOC), if you have one.

*Certain conditions apply.


ELIGIBILITY

As a client purchasing a property with a RE/MAX Québec broker, you qualify for the Securi-T program, subject to the following conditions:

  • You have had regular employment of thirty (30) or more hours of work a week with the same employer, or in the same field, for at least the past twelve (12) consecutive months;
  • You are taking out a mortgage with a mortgage representative—at one of the three following financial institutions—and assigned to your real estate broker's agency:
    • Desjardins mortgage financing services;
    • Bank of Montreal;
    • National Bank of Canada;
  • You are not a legal entity, a corporation, a trust, an estate, a real estate developer or self-employed.


DOES MY NEW PROPERTY QUALIFY FOR THE SECURI-T PROGRAM?

It qualifies if it is :


...a main single-family dwelling or a condominium.


...a hobby farm.


...a mobile home.


...a self-built home.


...a plex with no more than (4) housing units (one (1) of which is occupied by the insured person).


...a second home that can be lived in all year long.

Excluded :


A lot or vacant land.


The property has more than 4 units where none of the units are occupied by the buyer.


Refinancing or referencing situation without the involvement of a RE/MAX real estate broker.


A new construction acquired by a property developer when this one has a reference agreement with a lender.


A property used as a principal source of income, used for agricultural purposes or in which more than 30% of the living space is used for commercial purposes.



INELIGIBLE CLAIMS

The Securi-T program covers clients who deal with a RE/MAX broker and who take out a loan or a Home Equity Line of Credit (HELOC) from one of RE/MAX's 3 financial partners.

Nevertheless, certain claims do not qualify, and in particular:


The client has resigned from his/her employment or was dismissed for just and sufficient cause.


The client is not eligible for the Government of Canada's employment insurance benefits.


THE FREQUENTLY ASKED QUESTIONS REGARDING THE SECURI-T PROGRAM

1. I hold multiple jobs. If I were to lose one, would I be eligible for reimbursement under the Securi-T policy?
You will be eligible for reimbursement of your monthly mortgage installments only if you lose your main employment, which represents the employment providing the largest portion of your income.

2. My spouse and I purchased a residence together. If one of us loses our employment, would the Securi-T policy provide reimbursement for our monthly mortgage installments?
Yes. When one of the two buyers loses his employement, Securi-T reimburses 50% of the mortgage payment. Should there be 3 buyers, Securi-T reimburses 33%.

3. I lost my main employment, but three (3) months later, I was able to find another job. However, my new salary is much lower than the previous one. Will I continue to receive reimbursement under the Securi-T program?
Yes, but only if your current salary represents less than seventy-five percent (75 %) of the employment income you received from your lost employment.

4. I am self-employed. Am-I eligible for the Securi-T program?
No. Self-employed individuals are not eligible for the Securi-T program.

5. I purchased a triplex and I occupy its largest unit. In case of loss of my employment, how will the amount of reimbursement of my monthly mortgage installments be determined under the Securi-T policy?
You will be eligible to receive reimbursement for the amount of your monthly mortgage installments in the proportion corresponding to the living area you occupy. For example, Securi-T will reimburse 40% of the amount of the mortgage payments if the area you occupy represents 1000 sq. ft. on a total of 2500 sq. ft. of living space.

6. I purchased a secondary residence, am I eligible for the Securi-T program?
Yes, provided that it can be occupied year round, is only occasionally rented and is not used for business or commercial purposes.

7. Is a multi-unit property eligible?
Yes, a residential property with one (1) to four (4) units where one (1) unit is your principal residence and will remain occupied by the person insured, is eligible for the Securi-T program.

8. The financing on my home is provided through a home equity line of credit. Am I eligible for the Securi-T program?
Yes, providing the home equity line of credit is granted by one of our 3 financial partners. In this case, should there be a loss of your employment, you would be eligible for reimbursement of the monthly interest portion due on the amount allocated to the purchase of your home.

9. What should I do in the event of the loss of my employment?
Please contact claims services by calling toll-free 1-833-736-2978, Monday through Friday, 9:00 a.m. to 8:00 p.m. EST or at info@securi-t.ca.

10. Whom should I contact if I have any questions?
Contact GPL assurance inc., the program insurance broker, by calling 1-833-551-9798. The team will be happy to assist you and answer your questions.


Changes may have been made to the coverage described on this website. You must refer to the certificate or to the terms (the wording) of your coverage in order to find out the conditions of this program. The contents of this site do not constitute a contract. This coverage is offered to you, compliments of RE/MAX, its real estate brokers and its partners.

If you have any questions about the coverage offered or the eligibility of your property, contact us by email at info@securi-t.ca.

For any additional information, contact GPL assurance inc., the insurance broker of this program, at 1-833-551-9798. To file a claim, contact the Sécuri-T help centre at 1-833-736-2978, Monday – Friday, 9 a.m. – 8 p.m., Eastern Standard Time.