Blog

­

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 […]

Driving internationally, are you insured?

By |September 27th, 2016|

How does my Canadian car insurance policy cover me when I’m driving internationally?

In the rest of Canada or USA
Outside of Canada and the USA

Car accidents are settled according to the laws in the jurisdiction where the accident occurs. For this reason, it is important to understand how your Canadian car insurance policy responds when you […]

Does my car insurance cover me if I’m an UberX driver?

By |February 8th, 2016|

UberX and Ride Sharing: Does my car insurance protect me if I’m an Uberx driver? For most, it doesn’t!

Car insurance generally falls into two categories – personal use or commercial use. So what happens when I use my personal car for commercial purposes like being an UberX driver?

The short answer is that if you are […]

Snow Tire Insurance Discount

By |February 2nd, 2016|

“Drivers may have to wait months for snow tire insurance discount.”

Ontario’s newly mandated premium discount for using snow tires, in effect as of January 1, 2016, does not require insurers to give the snow tire insurance discount immediately. Insurers can wait until the policy renewal, which could still be many months away, to apply the […]

Is Travel Insurance Worth The Cost?

By |October 6th, 2015|

Of course if everything goes according to plan, buying insurance is an unnecessary expense.  The main problem is that if your crystal ball isn’t fully powered, you may have difficulty predicting the future, making the purchase of insurance a necessity.  An injury or illness can be even more difficult, when trying to deal with an […]