Ontario Insurance News & Views
Snowbirds Next Flight Needs to Bridge OHIP Coverage Gap
Lost in all of the daily news about the coronavirus is a policy tweak to Ontario’s public health insurance plan that applies to anyone travelling outside the province who requires health services.
How Will COVID-19 Affect Your Insurance Rates?
The coronavirus pandemic, in the short term, is having a downward impact on auto insurance rates in Ontario, but that’s mostly related to people not driving to work. In the longer term, say in the next 3 to 5 years, COVID-19 is likely to drive up insurance rates for everyone, especially for businesses, particularly because of large class action lawsuits against airlines, cruise lines, nursing homes, and insurance companies themselves.
Careless & Dangerous Driving in Ontario: Laws, Fines, & Penalties
Careless Driving and Dangerous Driving are both serious offences that can have a significant impact on your insurance premiums, and your life. Careless Driving is a provincial offence that can in some cases double what you pay for insurance in Ontario, can get your license suspended, and Read more
What Insurance Do I Need to Open a Cannabis Store in Canada?
Opening a new cannabis retailer in Canada can be both an exciting and daunting task. It’s been nearly two years since it’s legalization, but in provinces like Ontario, cannabis retailers are still few and far between, but growing by the day.
Ontario’s Graduated Licensing System – Everything You Need to Know
Since 1994, every new driver that wants to be licensed to drive in Ontario has to go through a three tier graduated licensing system that allows them to learn under controlled conditions over 2-5 years. Levels include G1, G2 and G. Read more
Buying a Used Vehicle During the COVID-19 Crisis
If you’re thinking about buying a car or truck during the current state of emergency, you may find it challenging to get that car on the road. There is currently no way to register your newly-purchased vehicle online, so if you don’t live close to a Service Ontario office that’s open, there may be no way to finalize your registration and get your new plates.
Should You Lease or Finance Your Vehicle?
When you’re shopping for a new car, you may not have the money to pay for it all in cash. Leasing and financing are two popular ways to get the car you want, with payments you can afford. In terms of auto insurance, it makes no difference to your rates whether you lease or finance your new vehicle.
Save Some Dough During the Pandemic With CAA MyPace™
CAA MyPace is a usage-based auto insurance program that can save you as much as 40% on your auto insurance if you drive less than 600 km a month. The less you drive, the less you pay. Sounds like just the thing for the pandemic.
FSRA and Insurance Regulation in Ontario
On June 8, 2019, the Financial Services Regulatory Authority of Ontario (FSRAO) replaced the Financial Services Commission of Ontario (FSCO) as the regulatory body for insurance in the province.
Taking Care of Our Customers During the Pandemic
The COVID-19 pandemic has brought with it a number of negative effects, including of course the physical and emotional toll on families directly affected by the virus. Beyond that, it has wreaked havoc on businesses, and resulted in millions of Canadians facing considerable financial hardship, either because they’ve been laid off, or possibly because of reduced hours during the pandemic.