Ontario Insurance News & Views - page 3
Working From Home? Pay-As-You-Go Payment Plan Might Be For You
If you continue to work from home due to the pandemic and are looking for a way to save real money on your auto insurance, CAA MyPace™ is a program that is saving low-kilometre drivers 50% on average.
Avoid Depreciation When Insuring Your Brand New Car
When you buy auto insurance, the assumption is that you are insuring your car for its Actual Cash Value (ACV) at the time of an accident, which is the purchase price, minus depreciation. Read more
Toronto Asks: Does Location Really Matters for Auto Insurance?
Location, location, location.
You’ve heard it a million times, usually with respect to decisions involving real estate. Read more
Do I Need Extra Insurance for My Jewelry?
There’s no big mystery to whether you should buy separate insurance for your jewelry. The fact is that your home insurance will likely cover any jewellery lost in a fire or stolen, but only up to a limit of $1,000, or in some cases $2,000. If all your jewelry put together is worth much more than that, you’ll need to insure it separately. The annual cost for $15,000 worth of jewelry would likely be around $225-$300 a year.
Larger Role for Tutors Means New Risks
Private tutors have been in high demand during the COVID-19 pandemic. If you’re a tutor or run a tutoring agency, you’re probably operating very differently than you ever did before, what with online learning, learning pods, and some parents needing support for homeschooling. With new opportunities come new risks, so now may be the time to look into private tutor insurance, starting at $50/month.
Getting Engaged? Insure That Ring!
You’re getting engaged. Congrats!
This is a very exciting time in your life. Shopping for a ring. Setting up the perfect proposal that you’ll remember years later. Popping the big question. Amidst all this excitement, it’s easy to forget that you just bought a piece of jewellery that could be worth $3,000, $10,000, or even more.
Can a Dash Cam Get You Cheaper Insurance?
Insurance companies don’t currently offer a discount for installing a dash cam. But depending on what the dash cam records, it could be immensely helpful in helping you prove fault in a collision, or even getting you out of certain traffic tickets.
When is My Car Considered a Total Loss?
Most vehicles are insured for their Actual Cash Value (ACV). As that value begins to depreciate over the years, however, it becomes increasingly likely that any damage sustained during an accident will render your vehicle not worth fixing. But what exactly are the factors involved in determining whether your car is a total loss? Read more
Why Do I Pay More to Insure My Cannabis Shop?
When it comes to legalizing cannabis, Canada stands alone among the G7 countries. No other major economy in the world has opened itself up to the cannabis industry quite like ours has. As a result, cannabis retailing has disrupted the standard insurance practices, and so many insurers are reluctant to enter the game and readily underwrite the risks associated with this unique and still quite novel product.
Are You Making Money With Your Car? Insurance Implications
If you use your car to make an income, you’re probably best off getting some kind of commercial auto insurance policy or at least a commercial endorsement on your personal policy. You may think it will cost a lot more, but not necessarily. Read more