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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 »
Why is auto insurance so expensive in Alberta? Dec 7th
Auto insurance in Alberta has been in the news recently with Premier Danielle Smith’s announcement that insurance rate premium hikes for “good drivers” will be capped at 3.7% as of January 1, 2024. The government chose this percentage to match Alberta’s inflation rate in September 2023, the .... More »
Consumer-first finance: How USDC Rewards are changing the game Nov 20th
While traditional savings accounts offer minimal returns, cryptocurrency platforms are presenting Canadians with new options for their cash. Coinbase’s latest offering—3.85% rewards* on USDC balances—highlights a growing shift in how people think about storing and growing their money.
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Driving schools selling shortcuts to insurance discounts and faster road tests, investigation reveals - CBC News + MORE Mar 8th
Driving schools selling shortcuts to insurance discounts and faster road tests, investigation reveals CBC News.... More »
The best credit cards in Canada for 2024 Apr 5th
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The best credit cards in Canada for 2024
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What is short-term disability insurance?
– moneysense.ca
Short-term disability (STD) insurance provides income for someone over a short period of time if they can’t work because they’re ill or injured, have been in an accident, or are in the hospital. STD insurance is often offered by employers as part of their workplace benefits package. It’s not the same thing as employment insurance (more on this below).
Many Canadians lack disability insurance coverage. In 2018, an RBC Insurance survey found that fewer than half of Canadians had disability insurance through their employee benefits. Among those who didn’t, 84% hadn’t purchased it privately, either. If you’re in this boat, you may want to explore your options. Hopefully you’ll never need to make a claim, but life happens—and not having disability insurance can put you and your family at great financial risk.
Short-term disability insurance from an employer
If you’re ill or injured and you do have coverage through your employer, you can make a short-term disability claim…
