The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

16 The IFP - Halton Hills -Real Estate Leader, January 19, 2012 Movers' & Shaker's Marketplace AIR, HEATING & FIREPLACE CALL TODAY FOR : · FURNACE SALES · INSTALLATION · HUMIDIFIERS · FURNACE MAINTENANCE · GAS LINES · SERVICE Tenant insurance is affordable peace of mind (NC)--So, you've found your ideal apartment: a two bedroom basement paradise or a mid-town penthouse or a fantasc south-facing one bedroom condo. Now it's me to move in right away, right? Sure, start packing, but make sure you also budget for tenant insurance Perhaps you think you don't need it because you're only renng and you don't own any fancy stuff. But, what if something happened--would you have enough set aside to replace all your belongings and to find temporary housing? If you said no, Pina Ferraro-Novello, a corporate underwriter with Desjardins General Insurance Group would like you to reconsider. "Tenant insurance is necessary because it protects your property and also covers you in the event that you accidentally cause damage to the property of others," said Ferraro-Novello. "For example, if your bathtub overflowed and flooded the apartment below destroying your neighbour's property, tenant insurance would protect you. Luckily, it's a simple and affordable coverage. Also, if you're a student, your parents' policy might automacally extend coverage to you at school." What's typically covered by tenant insurance? This type of insurance protects you from damage, like fire, the, certain water damage and vandalism. If your apartment is seriously damaged as a result of an insured loss, tenant insurance would also typically cover your addional living expenses while it's being repaired. Tenant insurance also provides liability coverage if someone gets hurt because of your negligence, like slipping and falling on a wet floor in your apartment for example. How much coverage do you need? The total cost of tenant's insurance will depend largely on the value of your contents. Most renters tend to underesmate what it would cost to replace their belongings. It's smart to take an inventory, including photos, which only takes a few minutes and will make things a lot easier if you experience a loss. Start by walking from room to room and itemize all the contents, including your closets and cupboards. You might think they're not worth that much unl you have to replace them. Keep in mind however that coverage for some insured items may be subject to exclusions or maximum limits. Read your policy carefully to determine your exact coverage. Typical items to include on your inventory are: computer, printer, tablet, smart phone, flat screen TV, video game system and games, music player and other electronics, clothes, shoes, boots, pots, pans, other personal and household items. You Can Still Get a Variable Rate Mortgage Below Prime! The days of getting any sort of discount on a variable-rate mortgage appear to be over with most lenders. The mortgages, tied to prime, have become a mainstay of the housing market. While prime stood at 3 per cent at most major financial institutions, the discount has meant a rate as low as 2.1% at times this year - however, what was left of that discount has now disappeared at all the major banks. You have to go back to the credit crisis of 2008 to find a period during which the discount disappeared. At that time, consumers were paying a 100-basis-point premium above prime for the privilege of a floating rate. This makes the fixed rate mortgages appear to be the better option for now, but with the economy being what it is these days, if you are interested in a discount on a variable rate mortgage - a mortgage broker can still get you one. Call Peter Motem today to get preapproved at 416.786.8395 or email at pmotem@mortgagealliance.com 905.703.7609 FOR ALL YOUR RESIDENTIAL HVAC NEEDS. W W W. G E O R G E T O W N H E A T I N G . C A AIR,HEATING & MORE CONTRACTING - RENOVATIONS Renovations Specialist 30 years experience Heating, Air Conditioning, Refrigeration, Energy Management, Commercial, Industrial Service, Installation, Maintenance Programs 24/7 Service Quality Work No job - painting - drywall taping, plaster - tile - trim - bathrooms too small Contact Steve Biggs 905-702-1212 / 416-222-9444 647-393-9670 DISPOSAL CONTAINERS 519-853-3332 905-702-2339 1-877-633-6259 MORTGAGES Ask about the SPRING RUSH SPECIAL As low as $39 per week Call Amy Sykes 905-873-0301 ext. 237 asykes@theIFP.ca Mortgage Service FREE REAL ESTATE ... INTEREST FREE LOAN to Help with Home Improvement Repairs When You are Listing with Us! ... FREE Professional Staging and Virtual Tours! ... Cormpilas Team's Seller/Buyer Guarantee & Benefits MORTGAGE & REFINANCING Directly representing more than 30 banks to serve you better! By using the equity in your home, you may be able to refinance your mortgage and consolidate your debt. 905-877-3629 www.RealEstateGeorgetown.com Angie Cormpilas Broker Current situation Balance Payment New mortgage Balance Mortgage (@5.25%) $ 160,000 $ 953 Mortgage (@ 2.99%) $ 196,000 Loan $ 18,000 $ 540 Loan Paid off Credit Cards $ 15,000 $ 450 Credit Cards Paid off Penalty $ 3,000 $ 0 Penalty Paid off Total $ 196,000 $ 1,943 $ 196,000 That's a monthly savings of $1025.44 Find out how you can SAVE on interest and improve your CASH flow, CALL TODAY! Payment $ 926.56 $ 926.56 2011 Readers Choice Award Winner Kenzie MacDermid FSCO Lic. M08001440 all@macdermidg roup.com www.macdermidg roup.com 1.888.702.1766 L o c a l ly O w n e d & O p e r at e d HOME INSPECTIONS BRENT COOPER, RHI, CEA oahi.com MEMBER RENOVATION SUPPLIES WINDOWS & DOORS VISIT OUR S H OW R O O M 341 GUELPH ST. UNIT #3 GEORGETOWN REGISTERED HOME INSPECTOR CERTIFIED ENERGY ADVISOR Since 1999 PRE-PURCHASE INSPECTIONS PRE-SALE INSPECTIONS WARRANTY INSPECTIONS ENERGY EFFICIENCY EVALUATIONS COMPREHENSIVE ON-SITE REPORTS on the highest priced item, except kitchens 1 DAY ONLY - THURS. JAN. 26 1800 Appleby Line, Unit 10 905-637-4446 x 229 habitathalton.ca Mystery Sale! Up to 20% Off (905) 877-7633 cooper@hbwi.ca w w w. b u y w i s e . c a Your Window & Door Professionals SELF STORAGE & MOVING SUPPLIES Reclaim Your Space! · Residential Storage · Affordable Workspace · Commercial Rentals WHILE SUPPLIES LAST Save up to $39 for a Get Moving Starter Box & Supplies Package Reg. $79 Variety of Storage Units Moving Supplies www.amjss.com Hwy. #7 & Mississauga Rd. Access Hours: 6 am-12 midnight daily Office Hours: M-F 9-5, Sat. 9-4 2026 Hwy. #7 West, Brampton 905-459-5265