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Latest News
Canada’s Best Travel Credit Cards 2019 + MORE Mar 4th
With a good travel credit card, travel suddenly becomes affordable. And it helps if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks like companion flights, amazing insurance coverage and flexibility with transferring points between cards.
Th.... More »
Does it make sense for a young person to have life insurance? Nov 24th
Buying life insurance in your 20s can feel like an added cost to an already long list of expenses. But experts say it can safeguard loved ones if life doesn’t go as planned.
Do young Canadians need life insurance?
There can be a “very high temporary insurance need” for younger Canadians,.... More »
Estate planning considerations for single parents Nov 23rd
If you are a single parent, here are key questions you should consider:
1. Are your estate plan and related documents up to date? The death of a spouse or separation or divorce generally triggers a significant change in intentions on death. If you are widowed or if you no longer want your for.... More »
New mortgage rules will affect first-time buyers Oct 10th
OTTAWA – Canada’s first-time home buyers may have to shelve their dream house fantasies due to lending changes announced this week by the federal government, mortgage brokers say.
Ottawa moved this week to tighten mortgage lending rules that will limit the amount many Canadians can borrow to hel.... More »
Trip Planning and Travel Insurance Dec 11th
Planning a trip can be a very exciting time. You have a destination picked out and you are looking forward to activities that you love to do. Hotel rooms are booked, and you cannot wait to get going.
But have you taken steps to protect yourself from medical emergencies? What about protecting yourse.... More »
Home Insurance Increases 2014: Plan to Pay More
– ratesupermarket.ca
Regardless of your claims history, expect to pay more for home insurance this year, thanks largely to the severe weather trend that has battered the country.
Widespread flooding in southern Alberta and Ontario last summer, combined with brutal ice storms across much of the country, produced a record $3.2 billion in claims, according to the Insurance Bureau of Canada.
For many Canadians, that water damage – and the risk it could happen again – is causing steep hikes in premiums, higher deductibles and reduced benefits.
More Premiums Increases Expected
Property and casualty insurers warn that as they’re forced to pay out more to cover such damage, policy holders likely face further increases to premiums.
One reason is that most homeowner policies now include ‘all-risk’ coverage, including guaranteed replacement costs, thus creating an even bigger gap between existing premiums and the cost of covering significant claims.
On average, Canadians pay $852 annually for their home insurance, according to research from InsurEye, a Vancouver company that provides online analysis to help buyers manage their insurance needs…
3 Ways to Save on Rental Cars This Summer
– ratesupermarket.ca
Ahhh, summer driving season – now that the weather is finally in agreeance, many Canadians are taking to the open road for cottages and campgrounds. But road trips aren’t always cost effective – especially with this season’s spiking gas prices. One area to consider for possible savings: should you take your own set of wheels, or rent a car for the trip?
Your car may be well suited to your daily commute or buzzing around town – but you could be at a disadvantage on the long highway haul. Here are a few ways renting a vehicle can help shave costs.
1: Save on Insurance Costs and Maintenance
Driving your own car over long distances results in wear and tear, which ultimately contributes to the devaluation of your vehicle (and will pump up your insurance premiums to boot). A recent study from AAA found the average following maintenance costs per mile for vehicles, assuming 15,000 miles driven per year:
Small sedan: 46.4 cents
Medium sedan: 58.9 cents
Large sedan: 72.2 cents
Assuming you plan to drive 500 miles or more on your road trip, leaving your own car behind will result in savings at your quarterly tune up, and will keep your mileage down come auto insurance renewal time…
How we cut our car insurance bill by 30 per cent: Mayers
– thestar.com
Promised car insurance cuts are on hold because of the Ontario election. That doesn’t mean you can’t find ways to save on your annual bill.
