There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
Home insurance: Are you covered for wildfires, floods and other climate-related disasters? Jan 19th
In 2024, severe weather caused record-breaking property damage across Canada. Home owners and insurers are reeling from the impacts of multiple disasters, including floods in Toronto, Southern Ontario, British Columbia and Quebec; the wildfire in Jasper, Alta.; and a hailstorm in Calgary. Together, .... More »
Should you transfer property to a child and then rent it from them? Jul 27th
I would like to know if transferring our home into our daughter’s name—can we stay and pay rent and get a rental home credit? Is it valid?—Satyesh
Tax credits when renting property from a family member
There is a lot to unpack with your question, Satyesh, but I will address your direct q.... More »
If my flight is delayed or cancelled, can insurance offered by my credit card help cover the cost? Aug 4th
Medical insurance is typically the first thing that comes to mind when someone mentions travel insurance. But you could get a lot more out of your credit card..... More »
TFSA contribution room calculator Nov 20th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
TFSA is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds .... More »
Canada’s best credit cards 2022 Nov 24th
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Best credit cards in Canada for 2022
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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.... More »
Why is my landlord asking me to get tenant insurance?
– moneysense.ca
You’ve done the impossible. You found the perfect apartment (hello, exposed brick!), and it’s actually within your budget. You’re about to sign the lease when your new landlord mentions that you need to have proof of tenant insurance before moving in. Why are they making you get tenant insurance?
In short, most landlords will require you to purchase tenant insurance prior to moving in, as they want to ensure occupants have the proper coverage in place should something go wrong, so neither of you are on the line for the cost of damage. However, not having adequate insurance in place can lead to disastrous consequences for both parties. Let’s break it down.
Tenant liability protection
Tenant liability protection is the type of coverage that most landlords will require, while contents coverage and additional living expenses can be seen as added bonuses to any tenant insurance policy. This coverage is designed to protect the policyholder in the event a liability claim is made against them, whether that be at an event in their home, or on a beach in Barbados…
In short, most landlords will require you to purchase tenant insurance prior to moving in, as they want to ensure occupants have the proper coverage in place should something go wrong, so neither of you are on the line for the cost of damage. However, not having adequate insurance in place can lead to disastrous consequences for both parties. Let’s break it down.
Tenant liability protection
Tenant liability protection is the type of coverage that most landlords will require, while contents coverage and additional living expenses can be seen as added bonuses to any tenant insurance policy. This coverage is designed to protect the policyholder in the event a liability claim is made against them, whether that be at an event in their home, or on a beach in Barbados…
Collision insurance: How it all works
– moneysense.ca
Collision insurance is “extra.” It’s optional coverage that you can add on top of your basic full auto insurance, which, on its own, doesn’t cover you if you’re in an accident and you’re at fault. Many drivers opt in for collision, mainly because of the variable Canadian weather, road conditions, traffic and other causes of unexpected accidents. What else do you need to know? Read on.
What is collision insurance?
Collision insurance works in addition to other auto insurances mandated by most provinces in Canada, including third-party liability insurance, statutory accident benefits coverage, uninsured automobile coverage and direct compensation-property damage coverage. Collision insurance is an optional insurance, and it covers costs related to the repair or replacement of your vehicle if you are involved in an accident.
“If you’ve been involved in a crash, you’re deemed to be fully at fault, and you don’t have collision coverage, the damage to your vehicle wouldn’t be paid for by your insurance company,” says Pete Karageorgos, director of consumer and industry relations at the Insurance Bureau of Canada (IBC)…
What is collision insurance?
Collision insurance works in addition to other auto insurances mandated by most provinces in Canada, including third-party liability insurance, statutory accident benefits coverage, uninsured automobile coverage and direct compensation-property damage coverage. Collision insurance is an optional insurance, and it covers costs related to the repair or replacement of your vehicle if you are involved in an accident.
“If you’ve been involved in a crash, you’re deemed to be fully at fault, and you don’t have collision coverage, the damage to your vehicle wouldn’t be paid for by your insurance company,” says Pete Karageorgos, director of consumer and industry relations at the Insurance Bureau of Canada (IBC)…
