In Canada a vehicle goes missing about every three minutes. Most people are not aware that your auto insurance policy covers your vehicle, but not the contents inside. Things like cameras, golf clubs, briefcases, laptops and even CDs are considered "property" and should be covered under your home insurance policy.
Did You Know
Long Term Care Insurance
Long term care insurance provides a tax-free benefit to people who cannot independently perform some of the basic activities of daily living. Contact your broker for further details.
Lease Insurance Requirements
Leases often contain insurance requirements. Do you know what coverage your landlord requires you to have? Are you in breach of contract and do not know it? Contact your broker to find out.
If you do any additions or renovations you need to contact your home insurance carrier as this will impact the rebuilding cost of your home. Contact your broker for further details. Also be sure to obtain any needed permits for your renovations and have all necessary inspections performed to ensure work is done properly in compliance with the building code.
Universal Life Insurance
Funds in a Universal Life Insurance policy are tax free (up to a maximum), and can be “creditor proof” if the policy is set up properly. Ask us for details.
Business Interruption Insurance
Many businesses never reopen after a loss because there is not enough money for continuing expenses. Business interruption insurance will cover this gap in coverage. Do you have business interruption insurance? Do you know if your limit is adequate? Ask your broker.
Home Based Business Insurance
If you’re working out of your home you can purchase separate home based business insurance. Most property insurance policies do not have automatic extensions to cover home based business pursuits so a separate business policy can be your best protection. Contact your broker for more information.
Critical Illness Insurance
Up to 20% of men and 17% of women will experience a critical illness before they reach 65 years of age. Talk to your broker about the Critical Illness Insurance options available.
How does your insurer stack up?
Not all insurance companies are the same. Insurance companies are rated by financial institutions and by government regulators. How does your insurer stack up? How do they handle claims? Better to find out before a claim than after. Contact your broker for more information.
Lower your home or auto insurance cost
By increasing your deductible, you can lower the cost of your home or auto insurance. Ask your broker to explain how to select the right deductible for your risk tolerance.
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