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The current labour market has shifted and is now in favour of the employee. Coming out of the pandemic, there are more jobs available than there are people willing to fill them.
What does this mean to the average small business owner? In a nut shell, it.... More »
Financial planning in your 70s + MORE Oct 7th
When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmar.... More »
How much is insurance for a new driver? + MORE Mar 24th
You might believe that all you need to do to hit the open road is pass your driver’s test and put your keys in the ignition, right? Wrong. All drivers in Canada, including new ones, must also obtain auto insurance before they can legally drive. So, how much is insurance for a new driver? If you o.... More »
Estate planning considerations for single parents Nov 23rd
If you are a single parent, here are key questions you should consider:
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CPP payment dates in 2025, and more to know about the Canada Pension Plan + MORE Jan 3rd
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Renovating? You better update your home insurance
– moneysense.ca
OTTAWA – Homeowners need to regularly check and update their home insurance policies or risk having insufficient coverage when disaster strikes, insurance experts say.
The need to review and update a policy is especially important for those who have done renovations because changes to the property could render the policy void if the insurer hasn’t been informed.
Craig Richardson, vice-president of claims operations at TD Insurance, says the insurance company should be contacted even before a contractor starts work.
Home renovations that pay off »
And he noted that renovations also provide an opportunity to make other improvements that might help save a few dollars on your home insurance at the same time.
Things like a sewer backup valve or an alarm system may be more easily installed if other major work is already being done.
“If you’re already in the process of doing renovations, it may be cheaper to do it while work is ongoing,” Richardson said.
But even without major changes to the property, policies should be reviewed annually just to be sure they match the homeowner’s needs…
The need to review and update a policy is especially important for those who have done renovations because changes to the property could render the policy void if the insurer hasn’t been informed.
Craig Richardson, vice-president of claims operations at TD Insurance, says the insurance company should be contacted even before a contractor starts work.
Home renovations that pay off »
And he noted that renovations also provide an opportunity to make other improvements that might help save a few dollars on your home insurance at the same time.
Things like a sewer backup valve or an alarm system may be more easily installed if other major work is already being done.
“If you’re already in the process of doing renovations, it may be cheaper to do it while work is ongoing,” Richardson said.
But even without major changes to the property, policies should be reviewed annually just to be sure they match the homeowner’s needs…
The head of the Insurance Bureau of Canada has some scary words about the country’s readiness to withstand a devastating earthquake, and Mark Zuckerberg makes nice with leaders of the conservative movement who claim Facebook has a left-wing bias. All that and more in this week’s weekly video recap with the CBC’s Jacqueline Hansen.
