How to go about securing the best policy for your insurance in Canada.
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Will the average home insurance cost go up because of COVID-19? Aug 31st
What does home insurance have to do with the pandemic? Canadians have been spending more time at home as a result of the COVID-19 pandemic, and that’s a good thing–we’re all trying to stop the spread of the coronavirus and get back to life as we knew it. However, all of that extra time in our .... More »
Do you have to split your estate evenly between your children? Aug 24th
A will is intended to outline your final wishes. But, sometimes an estate can be contested, and the courts can overturn the terms of a will and distribute the assets differently.
A good example is that of Pascuzzi v. Pascuzzi, a case recently heard by the Supreme Court of British Columbia. .... More »
The best travel insurance credit cards in Canada for 2024 + MORE May 19th
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The best travel insurance credit cards in Canada for 2024
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
Compare now .... More »
Do I really need life insurance? + MORE Jul 31st
Life insurance shouldn’t be one of those things you put off thinking about—because you (and the people who depend on you) could need it at any time. But many do wonder if it’s worth the monthly premiums. How do you know if it’s necessary? Why do we need life insurance anyway?
“In gener.... More »
Top financial innovations of the last 25 years Feb 29th
To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest.... More »
What NOT To Do Before a Life Insurance Medical Exam
– ratesupermarket.ca
A history of eating greasy burgers every day or chain-smoking. These are things you CAN’T hide in your system (heart, lungs) before a life insurance medical exam. But what about a beer the day before, salty chips, Red Bulls and espresso shots? These you MIGHT be able to temporarily hide. And, why should you? So you don’t skew your test results.The night before a medical exam for your life insurance is important and shouldn’t be taken lightly. While the exam might only take 30 minutes to an hour, what you eat, drink – – and do – – might show up in the results. And, that can determine the premiums you’re charged (gulp!).
So, here are a few things NOT to do right before your life insurance medical exam.
Avoid Skimping on Water
Some people avoid drinking water before their exam. But, you should drink plenty of water and have a full glass before your exam. This helps when you take your urine test and you won’t be dehydrated. Dehydration can make it hard for your phlebotomist to find a good vein when they do your bloodwork…
Does a Higher Home Insurance Deductible Mean More Savings?
– ratesupermarket.ca
Home insurance can sometimes be tricky. You know you need a home insurance policy, but how do you find the right deductible amount? On the one hand, you want low monthly payments. On the other, you don’t want a high payment to make if something happens and you have to file a claim. But, what’s the right deductible amount? And, how can you get the most savings? Let’s explore a few ways to calculate your deductible and weigh the pros and cons.
Understanding Your Home Insurance Deductible
Your deductible is how much you as a homeowner and policy owner have to pay out-of-pocket (yourself) for damages to your property. This is the payment you pay before your insurance will make any payment towards the damages or a loss when you file a claim. Let’s look at an example.
Your upstairs neighbor’s tub overruns and it floods your apartment. The damage totals $10,000. If you have a $1,000 deductible, you don’t then send $1,000 to the insurance. No, if the claim is covered by the insurance company, they will send you $9,000 which is the balance of the claim…
