There has been a couple postings about Canadian purchasing homes in AZ. These investors need to be made aware of some possible difficulties in obtaining home insurance.
In the U.S. most major insurance carriers run a loss report and require homeowners to provide SS#’s for the best pricing. Many carriers have difficulty providing the best rates to foreigners, even if they are just across our boarder to the north or south.
Canada has a system very similar to our U.S. System for SS #’s but they tend to be much more protective of their information that us. The problem with the insurance systems and Insurance database that most carriers pull from is the Canadian SS# does not pull through causing our friends from Canada to have non-preferred rates.
I have found that if the Canadian client ends of re-locating down to Arizona and get a AZ drivers license etc. that then the systems do seem to offer better rates.
I do have the ability to put foreign information into our polices so that we can attempt to verify as much information as possible to provide better rates.