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What to do when you are in a car accident?

By |February 1st, 2017|

What you do when you are in a car accident depends on the situation and type of accident. The information you need, if the police need to be involved and other questions can have different answers depending on the situation. If you know the basics it can make the process less stressful.
A Minor accident
Often referred to […]

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Are Your Holiday Gifts Covered by Your Existing Insurance?

By |January 9th, 2017|

Are your holiday gifts covered under your existing insurance? If you have home insurance or contents insurance through a condo or co-op policy, then the gifts you have received over the holidays would normally fall under the coverage in your contents amount. The catch is, you have to make sure that your contents amount is […]

What Were the Most Stolen Cars in 2016?

By |December 16th, 2016|

One of the factors that determines the cost of car insurance is where a car places on the Canada’s most stolen cars list. As insurance brokers, we can tell you this information as well as take into consideration other factors to determine your car insurance premium before your make a purchase.

How to prevent your car […]

Understanding Condo Insurance

By |December 6th, 2016|

Condo insurance is different than renter or homeowner insurance. The main reason is the unique relationship between the condo corporation and the individual condo unit owners.

Condo Corp and Unit Owner insurance policies are designed to complement each other so that each interest is protected without duplicating coverage. In general terms, the condo corporation’s policy is […]

Moving to Canada? Here is what you need to know.

By |November 22nd, 2016|

As brokers we often have referrals from our clients for people moving to Canada. Many of the insurance companies we deal with have operations internationally. However, one of the things that is not always obvious when moving to Canada is that even though the insurance company may be the same, or the coverages may be […]

Earthquake Insurance for Homes – Insurable but Often Uninsured

By |November 22nd, 2016|

Earthquake insurance factors to think about:

Earthquake defined
Why it’s not purchased
Exposure: Frequency & Severity
Government intervention
Insurance costs and conditions

“Earthquake” defined
Merriam-Webster defines earthquake as: a shaking or trembling of the earth that is volcanic or tectonic in origin; a shaking of a part of the earth’s surface that often causes great damage.
Issue: Why is earthquake insurance not purchased?
Earthquake […]

Cost of Prescription Drugs in Quebec

By |November 9th, 2016|

The cost of prescription drugs and what it consists of:
With the increasing cost of health services, it is now more important than ever for employees to be aware the cost of prescription drugs.

The cost of prescription drugs is made up of:

The Drug Ingredient Cost is the amount a pharmacist pays to buy the drug.
A Pharmacy […]

Pre-existing Condition Exclusions in Travel Insurance

By |November 4th, 2016|

Exclusion: Pre-existing condition
The pre-existing condition exclusion is one of the most important details of your insurance policy but is rarely fully understood.

Definition: For the purposes of an insurance policy, a pre-existing condition is a personal illness or medical condition that exists prior to the effective date of your insurance coverage.

This definition is widely understood and […]

Distracted Driving and Car Insurance Costs

By |October 19th, 2016|

Does Distracted Driving Affect Car Insurance Rates?
Distracted driving and car insurance do not mix well. Most people have heard that if you have an at-fault accident your car insurance prices will go up. But what happens to car insurance prices due to distracted driving incidents? Will your car insurance rate go up? What if it isn’t […]

Young Driver Safety and Distracted Driving

By |October 19th, 2016|

Distracted driving and young driver safety is the focus of National Teen Driver Safety Week (NTDSW), October 16-22, 2016. To mark the occasion, Parachute, a national charitable organization dedicated to preventing injuries and saving lives, released the results of a survey they commissioned concerning the attitudes of young drivers regarding texting & driving and driving […]