How to go about securing the best policy for your insurance in Canada.
Latest News
How much life insurance do I need? + MORE Mar 12th
Life insurance can be a tough task to face, but it’s pretty essential to ensure that your loved ones are looked after you die. Grief is difficult enough without having to deal with the stress of not being able to keep up with mortgage or car payments. But how much life insurance do you need? Here,.... More »
MoneySense Toolkit: The CMHC mortgage insurance calculator Jan 15th
CMHC insurance calculator
If you want to buy a home and have a down payment of less than 20% of the purchase price, you’ll need to purchase mortgage default insurance, often referred to as CMHC insurance or simply mortgage loan insurance.
You’re 2 minutes away from getting the be.... More »
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 »
Those with health coverage through Obama’s law may face a challenge in getting tax-return form + MORE Aug 31st
WASHINGTON – If you got health coverage through President Barack Obama’s law this year, you’ll need a new form from your insurance exchange before you can file your tax return next spring.
Some tax professionals are worried that federal and state insurance marketplaces won’t .... More »
Health & Wellness Programs Feb 28th
The Importance of Health & Wellness Programs
Life insurance is more than just a policy to cover you in times of death. Your insurance carrier wants you to be healthy, happy and productive. This is why most carriers are offering health and wellness programs, aimed at educating and supporting thei.... More »
UBI Auto Insurance: Big Savings or Big Brother?
– ratesupermarket.ca
Usage-based or ‘pay how you drive’ insurance could fundamentally alter the auto insurance business in the coming years, industry experts predict.
By combining a GPS system with on-board diagnostics, it’s possible to record exactly where a car is and what’s happening with it, providing auto insurance carriers an opportunity to change drivers’ behaviour and reduce subsequent costs.
Such telematics could be used to combat insurance fraud, such as staged accidents or bogus damage claims. The devices could also record information on collisions, similar to a black box in an airplane.
Monitoring Individual Driving Styles
The principal attraction is to use them to monitor individual driving styles – including the speeds at which you drive, the time of day you make your trips and how long you’re behind the wheel – and then feed this data back to your insurer for assessment.
Insurance companies are attracted to the technology, because it’s a more accurate and more equitable way to price auto insurance risk…
One year after Alberta's floods, an altered landscape for insurers
– theglobeandmail.com
Flooding is Canada’s most common weather hazard, and last year’s floods in southern Alberta resulted in $1.72-billion in insurance claims paid
