All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
This Year’s Best Credit Cards for Travel Perks May 15th
For the avid traveler, there are a few things you can’t go without – your passport, travel insurance, and a good travel rewards credit card.
Those who travel pretty often already know – the opportunity to gain rewards with a good travel credit card are hard to resist. You can easily earn deep.... More »
Simplii, Tangerine, Motusbank – Who Are These “New” Players? + MORE Apr 25th
You’ve seen those ads show up more and more the past few years: financial institutions who offer a new way of banking. But do those flashy logos hide something you already know? Many of these businesses are owned by traditional Canadian banks. The industry is tightly regulated, but you.... More »
Insurance you need and don’t need + MORE Dec 17th
(Paper Boat Creative/Getty Images)
Q: What insurance should I get besides life insurance? How do I find the right insurance?—Jizza
A: I think it’s prudent, Jizza, that you are considering your insurance needs. Ignorance is not bliss when it comes to your finances and in particular when it comes .... More »
Why your home insurance rates are rising May 23rd
(Photo illustration by C.J. Burton)
At first glance, James Arnold looks like an insurance company’s dream client. The Richmond, B.C., resident has owned his current home for almost two decades, been with the same insurance company for over 15 years, and in all those years he’s never made a claim.... More »
What is renters insurance and how does it work? We make it make sense + MORE Jun 8th
While many people are under the assumption that their landlord’s insurance will protect them, there are actually big differences to be aware of, said money expert Jessica Moorhouse..... More »
Sun Life Financial Inc.said the New York Department of Financial Services’ approval process will delay the company’s sale of its U.S. annuity business and certain life-insurance businesses beyond the second quarter.
Why Canadians Aren’t Asking The Right Insurance Questions
– ratesupermarket.ca
Just like paying the taxman, insurance is one of those not-so-fun-but-necessary expenses. Whether it’s life, home, auto or mortgage insurance, most Canadians are paying for at least one type of coverage. However, learning about insurance is about as much fun as cleaning your attic, and it appears policyholders aren’t even trying; a majority of Canadians (52 per cent) can’t be bothered to ask their insurance provider about coverage they don’t understand under their insurance policy, according to a TD study.
Why Aren’t We Asking Questions?
Why are we so shy when it comes to our insurance policies? Thirty one per cent of TD respondents say they wouldn’t clarify their policy because they think it is too complicated. Another 31 per cent said it’s due to a lack of time. Twenty three per cent said they were embarrassed about their lack of knowledge, and 19 per cent simply weren’t interested enough to learn more, according to the State of Insurance Report. This is a startling revelation, as insurance is crucial in case of life-changing events such as car accidents or home fires…
Alberta homeowners who hope to make claims with insurers for flood damage will be out of luck in most cases.
