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Perks with Purpose: Unlocking the Power of Group Benefits Sep 29th
In today’s competitive job market, offering a robust group benefits package isn’t just a perk—it’s a strategic necessity. Whether you’re an HR professional, a small business owner, or an employee trying to decode your coverage, understanding the basics of group benefits is essential.
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Are your deposits at Canadian financial institutions safe? Mar 21st
Ask MoneySense
We live in Ontario, and in light of the current banking problems in the U.S., we are a bit concerned about our investments.
They are held at three different banks at the moment and are largely in GICs and high-interest savings accounts.
We are aware that up to $100,000 is insure.... More »
CPP payment dates in 2025, and more to know about the Canada Pension Plan + MORE Feb 24th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
Your FHSA timeline: What to invest in and when Nov 29th
Before you make an offer to buy your first home, you’ll have to determine your budget and save up enough money for a down payment (typically about 20% of the home’s value). That’s probably going to be a good chunk of change—Canada’s housing market is expensive, and if you put down less tha.... More »
How to find affordable home insurance Jul 11th
Affordable home insurance: Does it even exist? According to Ratehub.ca, an aggregator website, the average Canadian household pays $960 per year, or $80 per month, for home insurance. That’s a lot of money when you consider all the other costs that come with owning and maintaining a home.
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How condo insurance works
– moneysense.ca
Condo insurance is a smart decision. Regardless of whether you just purchased a brand new loft or a cozy older suite, you’ll need to make sure your asset is protected.
While condominium insurance is not required by law like car insurance, often mortgage lenders or your building will require you to have it. And while the extra payment can take up cash flow, remember that this coverage can save you money in the long run, should you suffer an expensive loss. Where it gets tricky is how the insurance works in tandem with your condo corporation’s policy. Read below for a simple explanation.
What is condo insurance?
Condo insurance is a personal policy that protects your individual unit and rounds out the coverage you automatically get from your condo corporation. Here’s how condo insurance works: The condo corporation’s insurance will protect common spaces and amenities like gyms, pools, lobbies, hallways and elevators. Your personal policy will cover what’s in your unit, including personal property, the cost of repairs, the expenses involved in living elsewhere during those repairs, and liability should someone get injured in your unit…
While condominium insurance is not required by law like car insurance, often mortgage lenders or your building will require you to have it. And while the extra payment can take up cash flow, remember that this coverage can save you money in the long run, should you suffer an expensive loss. Where it gets tricky is how the insurance works in tandem with your condo corporation’s policy. Read below for a simple explanation.
What is condo insurance?
Condo insurance is a personal policy that protects your individual unit and rounds out the coverage you automatically get from your condo corporation. Here’s how condo insurance works: The condo corporation’s insurance will protect common spaces and amenities like gyms, pools, lobbies, hallways and elevators. Your personal policy will cover what’s in your unit, including personal property, the cost of repairs, the expenses involved in living elsewhere during those repairs, and liability should someone get injured in your unit…
