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How to qualify for EI benefits in retirement in Canada Feb 21st
Ask MoneySense
I’m a 75-year-old male, working part-time and contributing to EI every two weeks; and have for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to ret.... More »
Canada’s best credit cards for travel insurance 2022 May 19th
If you’re planning to travel this summer, you’ll need travel insurance if you plan to go out of province. These days, many of the credit cards available include some kind of travel insurance. While that’s a great selling feature for these cards, savvy Canadians know that not all insurance is c.... More »
What is tenant insurance? Jul 30th
Tenant insurance, also known as renters or content insurance, is one of the costs of adulting that seems to have no payback. But the reality is that you can’t afford not to have tenant insurance. The cost of a policy (which can range from $15 to $50 a month) is a small price to pay when you consid.... More »
Will your travel insurance cover U.S. flight chaos? + MORE Nov 12th
As the U.S. government shutdown leads to thousands of cancelled flights, some Canadian travellers find themselves caught up in the stateside travel chaos. But there’s a chance that even those who bought trip insurance might be left holding the bag. More than 8,300 departures south of the borde.... More »
How to negotiate a job offer to get better benefits Jun 5th
Not all workplace benefits plans are created equal. Experts say it’s important to understand what’s in the plan before signing a contract at a new job, and whether there’s room to negotiate some extra perks better tailored to your life.
“Sometimes, benefits programs can seem really bright.... More »
“Do I need to tell my insurance company about a house fire or flood that I fix myself?”
– moneysense.ca
You had a fire or flood in your home. Now you’re thinking about trying to fix the damage without telling your insurance company so that your rates don’t go up.
In my experience, most homeowners have this moment after a loss event. It’s fine to think about it—but I would say, don’t think too long, as your insurance policy will require you to report a loss like this right away.
You will also not be allowed to start the repairs on your own in a “see how it goes” type of way and report the claim later if your repairs aren’t working out as planned.
In my experience, most homeowners have this moment after a loss event. It’s fine to think about it—but I would say, don’t think too long, as your insurance policy will require you to report a loss like this right away.
You will also not be allowed to start the repairs on your own in a “see how it goes” type of way and report the claim later if your repairs aren’t working out as planned.
Click to compare home insurance quotes from some of Canada’s top providers*
Many people think their home insurance claim will result in the insurance company fixing everything related to a specific problem or incident. That’s likely not true. Normally, an insurance policy only covers the repairs that are a result of the fire or the flood; it does not cover fixing the cause of the fire or the flood—for example, faulty wiring that caused a fire, or a frozen pipe that burst may not be covered in your payout from a house insurance claim…
