It’s every agent’s nightmare. The buyers sign a firm offer, the sellers breathe a sigh of relief, and everyone looks forward to closing day. Then just when the finish line is in sight, the buyer walks away.
The deal collapses.
The sellers are suddenly on the hook for two mortgages, taxes, and carrying costs. They can’t access the equity they need for their next purchase. And you, their trusted real estate agent are left scrambling to hold everything together.
Deposits don’t cover it. Home insurance won’t touch it. Until now, sellers had no way to protect themselves from buyer default.
Enter secure my offer
Backed by Accelerant Insurance Company of Canada (AM Best A-Rated), Secure My Offer is the first and only insurance product designed to protect sellers and agents when buyers fail to close. After two years of regulatory approval, it launched in Ontario this fall.
How it works
Secure My Offer steps in the moment a buyer defaults:
- Guaranteed equity: Sellers can unlock up to 95 per cent loan-to-value, ensuring they have access to their equity when they need it most.
- Coverage up to $250,000: If the resale price drops, Secure My Offer covers the shortfall, up to 20 per cent of the property’s value.
- Expenses covered: Mortgage payments, taxes, utilities, cleaning, staging and even agent commissions (up to $25,000).
- Legal defence: All legal fees are paid and Secure My Offer pursues recovery from the defaulting buyer.
In other words: sellers still move forward. Realtors still get paid. Everyone avoids the sleepless nights, financial strain and emotional fallout that come with a failed deal.
Why It Matters
For most Canadians, selling a home is the single biggest financial exit of their lives. A defaulting buyer can derail that moment entirely. Secure My Offer brings peace of mind to sellers, safeguards agents’ reputations, and offers brokerages a new way to support their teams with real protection.
When a firm offer isn’t firm, Secure My Offer makes sure your clients — and your deals — still are. Learn more at securemyoffer.com.
