Ontario’s Graduated Licensing System – Everything You Need to Know

June 2, 2020

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

June 1, 2020

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.

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Should You Lease or Finance Your Vehicle?

May 29, 2020

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.

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Save Some Dough During the Pandemic With CAA MyPace™

May 22, 2020

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.

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FSRA and Insurance Regulation in Ontario

May 21, 2020

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.

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Taking Care of Our Customers During the Pandemic

May 12, 2020

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.

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Is COVID-19 an Act of God?

May 6, 2020

Is COVID-19 an Act of God? For Insurance, It Doesn’t Matter

There is a common misconception out there that “Acts of God” are never covered by insurance. This belief is founded in the history of insurance, and in fact there have been “Act of God” exclusions in many an insurance policy through the ages.

The reality is that in Canada today, insurance policies do not contain any references to Acts of God. Instead, Canadian insurance policies refer to specific “perils” that may be covered or excluded, depending on the policy. Perils that might be covered in an insurance policy include things like overland flood, lightning strikes, wind etc. As far as COVID-19 goes, if it is covered under any insurance policy, it would be under a peril called pandemics.

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The Truth About Pandemic Auto Insurance Rebates

April 23, 2020

There is lots of news out there about insurance companies offering discounts and rebates to reflect a drop in the frequency and cost of claims. It’s true that insurance companies are doing their best to help their customers save during the crisis, but the maximum savings are only available by removing coverage, and that can be very risky.

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Renting to Students? COVID-19 School Closures Can Affect Your Insurance

March 30, 2020

When universities closed due to the coronavirus outbreak, tens of thousands of students who had been renting houses or apartments near school suddenly up and went back to their parents’ homes. If the crisis causes those properties to be vacant for more than 30 days, the owners Read more

Effect of the COVID-19 Crisis on Travel Insurance

March 29, 2020

Planning Travel During The COVID-19 Crisis? Travel Insurance Implications

Given the current environment around COVID-19, all non-essential travel is being cancelled for the time-being, and many Canadians are thinking about cancelling planned trips abroad even later in the year. Some have travel insurance, and some don’t. Read more