All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
Best credit cards for rental car insurance in Canada + MORE Dec 14th
Rental car insurance is a travel insurance benefit included with many premium credit cards. Understanding credit card rental car insurance can give you peace of mind and save you money the next time you hit the road. Let’s dive into the best credit cards with rental car insurance coverage in Canad.... More »
How to achieve financial goals with your spouse Apr 4th
Shannon Jarrett and Marcin Duran are the original odd couple when it comes to reconciling their very different approaches to money management. Despite sharing a home and domestic life together (including two kids) in Hamilton, Ont., they’re by and large living separate financial lives. “We donâ€.... More »
Compare auto insurance in Calgary Mar 13th
If you’re buying a new or used car, SUV or pickup truck to drive the streets of Calgary, you’ll also need to shop for auto insurance—it’s required in Canada.
Alberta drivers pay the second-highest car insurance rates in Canada (after Ontario), according to the Automobile Insurance R.... More »
Why Your Disability Coverage May Not Be Enough Feb 15th
When it comes to insurance, most people wouldn’t think twice about protecting their home and vehicle. But what about your most valuable asset: your ability to earn income?
If you ever fall ill or suffer an injury, you’ll be thankful you have disability coverage to help cover your bills. Disabil.... More »
Gen Z Canadians face job losses—but time is on their side Feb 5th
Statistics Canada has released new employment insurance (EI) data, and it doesn’t look good for Canadian workers. In the year ending November 2025, the number of people receiving EI rose by 16.1%. Among young Canadians aged 15 to 24, the increase was 12.4%. While this group wasn’t hit the hardes.... More »
Don’t Let The Polar Vortex Freeze Your Finances
– ratesupermarket.ca
Canadians saw extreme weather coast to coast in 2013 – and insurance companies saw a spike in their payouts at a record-breaking $3.2 billion to policyholders, according to the Insurance Bureau of Canada. This is more than triple the normal payout rate, which has averaged $1 billion since 2010.
The Floods: A Financial Disaster
The record payouts aren’t surprising considering we had three major weather disasters last year – the Alberta floods, the costliest natural disaster in Canada’s history, resulted in a payout of $1.74 billion, while the Toronto floods saw $940 million in payouts. Two hundred million was most recently paid out for the ice storm in Ontario and eastern Canada.
If these figures scare you, they should – and those are only for the losses that were insured! As I discussed in Insurance Lessons From The Calgary Floods, a lot of Albertans were shocked and outraged to find out their insurance policy didn’t cover a lot of the damage, leaving many of them to foot costly bills…
