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What to know about credit card travel insurance as an Air Canada strike looms Aug 16th
After carefully planning a summer vacation, the last thing on your mind should be finding alternate transportation. But some travellers could be left scrambling as the clock ticks down to a possible work stoppage at Air Canada. The airline says it will gradually suspend its flights starting Thursday.... More »
Canadians are quietly overspending on convenience May 24th
There is no doubt that life has become expensive. Everywhere you look, prices are rising: gas, groceries, restaurants, insurance. Everyday essentials that once felt manageable now seem to demand a small emotional recovery period every time you tap your debit or credit card.
If it’s not rising p.... 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 »
California bear-suit luxury car scam ends in insurance fraud sentences for 3 Apr 18th
LOS ANGELES (AP) — Three people in California have been sentenced for insurance fraud in a bizarre scam that involved someone dressed in a bear costume damaging luxury cars..... More »
Warning to caregivers: Expect a scavenger hunt + MORE Feb 25th
This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
3 signs you need to take control of your parents’ finances
Caring for a parent? Get a power of attorney
Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my f.... More »
Compare high-risk auto insurance quotes for Ontario
– moneysense.ca
The cost of auto insurance—which is required for drivers in Canada—can vary widely. Why? Because it’s all about risk. How risky your car is—is it prone to safety issues that could cause an accident? Is it a car-thief magnet? How risky your neighbourhood is—whether you live in an urban or rural area, and other data points. But the main factor that affects vehicle insurance premiums: How risky an insurance company thinks you might be as a driver, notes the Financial Services Regulatory Authority of Ontario (FSRAO), which regulates property and casualty insurance in the province. And, on top of that, if you’re a particularly risky driver in the eyes of insurance companies—one who they estimate could be involved in a claim—you’ll likely need to be covered by a high-risk driver insurance policy.
Here’s what drivers need to know about getting high-risk driver insurance in Ontario.
Are you a high-risk driver?
If you’ve been found at fault in a number of vehicle accidents, had a serious conviction (like driving under the influence, or a DUI) or a bunch of less serious ones (like traffic tickets), or you’ve missed premium payments and that led to your policy being cancelled, you might have been quoted an extremely high auto insurance rate or been denied insurance altogether…
