How to go about securing the best policy for your insurance in Canada.
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Ready to buy your new home? Got a list? Or do you know someone who is about to embark on their own house hunting expedition? If so, you’ll probably be surprised to learn that 80% of first-time homebuyers would actually opt for a do-over (if they had the chance).
According to a survey by U.S. mor.... More »
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To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started.
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Estate planning considerations for single parents Nov 23rd
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Do Insurance Acquisitions Mean Less Choice for Consumers?
– ratesupermarket.ca
Manulife Financial’s proposed $4-billion deal to buy Standard Life’s Canadian operations will help improve its core lines of business, say analysts.
Standard Life is currently the 5th largest life insurer in Canada, and has 1.4 million customers – with $52 billion of assets under management.
Like most life insurance companies, Edinburgh-based Standard Life has been struggling in the ongoing low interest rate environment as declining spreads put the squeeze on profit margins. It put its Canadian book of business on the block earlier this year.
Stronger Presence In Quebec
The firm’s Canadian operations are an appealing target for Manulife particularly because of its strong presence in Quebec – a province where Manulife is interested in expanding – and its comprehensive wealth management operations that are generally less impacted by low interest rates.
“This transaction also allows us to leverage Standard Life’s strong presence, and deep understanding of the unique attributes of the Quebec market,” says Marianne Harrison, Manulife Senior Executive Vice President and General Manager for Canada…
Should You Have Earthquake Insurance?
– ratesupermarket.ca
If an earthquake happens tomorrow (knock on wood) and your house is damaged by the shaking and quaking, who do you think covers the cost of the damage?
If you’re like the 56 per cent of Canadians polled in a recent survey by Square One — a Vancouver-based insurance company — you might think the government is footing the bill. Wrong. Unless you have earthquake coverage on your home insurance policy, the cost is coming out of your pocket.
“A majority wrongly believes the government will provide financial assistance for earthquake damage,” said Daniel Mirkovic, president of Square One, in a press release about the survey. “There are some misconceptions that need to be addressed.”
Because damage due to earthquake is insurable — unlike other disasters such as overland flooding — homeowners and renters are not eligible for help from the government. So… should you get shaken up about an earthquake insurance policy?
Also read: Insurance Lessons Learned From the Calgary Floods>
Is Earthquake Coverage Worth It?
Many Canadian homeowners and renters may eschew earthquake damage coverage, assuming the chances of a damage-inflicting quake occurring are low…
