How to go about securing the best policy for your insurance in Canada.
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Federal budget 2016: Highlights of Bill Morneau's first budget + MORE Mar 23rd
Finance Minister Bill Morneau has tabled a budget that forecasts big deficits over the next five years and beyond to finance a new tax-free monthly child benefit, more money for First Nations, infrastructure spending and extended employment insurance benefits to hard-hit regions. Rea.... More »
MPs to debate genetic testing bill Mar 7th
Liberal MP Rob Oliphant takes part in an interview on Parliament Hill in Ottawa on Friday, Feb. 26, 2016. THE CANADIAN PRESS/Sean Kilpatrick
OTTAWA – After a flurry of intense lobbying from insurance companies, health charities, a handful of provinces and the justice minister herself, the fate.... More »
Dating dilemma: When to talk about finances Mar 16th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
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 »
Urbancorp reminds us that our investments are at risk Aug 26th
Want to know why our grandparents hid money in their mattress? Because prior to 1967 any money saved was at risk. If a bank failed, those savings were gone. Wiped out. A big, fat zero. For them, it felt safer to tuck the bills into a hidey-hole and hope for the best.
But the feds realized this wasnâ.... More »
How to tell if a home insurance settlement is fair
– moneysense.ca
(Getty Images / Henrik Sorensen)A regular reader (and friend of mine) emailed this week asking for help in assessing whether or not their proposed home insurance settlement was fair. Turns out a tree had fallen on her home’s roof over the holiday season and she wanted to know if her insurance provider—who was offering $14,000 in compensation for the damage—had made a fair offer.
Problem is not everyone has a former insurance magazine editor on speed dial (or answering her emails). Thing is, most of us could use a little unbiased advice when it comes to insurance—a simple way to assess whether or not we’re getting value (the settlement) for what they pay for (home insurance coverage). While I can’t review every insurance settlement, I can offer some general insight on how to best assess an insurance company’s offer.
First, however, I need to stress an obvious, but often overlooked, fact: Insurance settlements are not windfalls. It’s not a way to make money or a way to upgrade your home…
