If you’re looking to rent an apartment in Toronto or elsewhere in the GTA, you can usually get a tenants insurance package for $20-40 a month. And if you drive, which most of us do, your tenants or renters insurance could pay for itself by getting you a 5-15% multi-line discount on your auto insurance.
There are dozens of reasons why you could have a gap in your auto insurance history. Some will affect your future premiums, and some won’t. The question, ultimately, is why? If you didn’t have a car for six months, that should have no effect. If your license was suspended for impaired driving, on the other hand, it will definitely have an impact on your premiums.
Of course home insurance covers fire. It is the reason home insurance was invented back in the 1600s, and until quite recently, was the most common type of home insurance claim. The fire insurance in your policy typically covers not only the building, but also your possessions, if they are lost or damaged in a blaze. The only reasons a fire in your home would not be covered is if you set the fire on purpose, or if you are grossly negligent in fire safety.
If you’re like most Ontarians, odds are you own a vehicle and use it to perform everyday tasks. But did you know that there are a number of ways to save big while staying insured? If not, you might want to check with your insurance broker to make sure you’ve got the coverage you need, at the best price possible. Read more
When you get a ticket, the fine you pay will probably cost you less than the premium increase on your next auto or motorcycle insurance renewal. But just exactly how much more will you pay, and for how long? Read more
Motorcycle riders like to say “Four wheels move the body; two wheels move the soul.” This is true for anyone who takes to the open road on two wheels. There is nothing like cruising on the open road, feeling the rumble of the bike, and enjoying a beautiful summer day. Read more
There are many instances of fraud in our everyday lives. We are aware of instances of fraud coming at us on our computers and even now on our cell phones, and it exists on our roads as well. Insurance fraud is rampant across the country, and estimates show that it costs us more than $1 billion a year. And that adds to the cost we pay for auto insurance. They cheat and we all pay. Read more
The price of insurance seems to always be going up in Ontario. As it pertains to home, condo and tenants insurance, the main reason for price increases over the last several decades has been a sharp increase in the number and cost of claims related to water damage. This is to be expected in an age when climate change is leading to increased frequency and severity of storms all over the world.
If you’re like most of us, you’ve been working from home since the pandemic began. If you’re an employee just plugging away on your laptop, working from home shouldn’t affect your home insurance. But if you run your own business, or if your job requires interacting with clients, making or receiving deliveries, or having expensive business equipment at home, you should check with your insurance broker to make sure you have the coverage you need.
In Canada, when you buy a car from a dealer, it comes with certain “standard equipment” from the factory. If your vehicle has had significant changes from that standard equipment, whether it be a modified engine, exhaust, tires or suspension, you’ll need to let your insurer know, and depending on the changes, you may find that few insurers are willing to cover your modified ride. If the changes add value, you’ll also want to protect that new value.