How to go about securing the best policy for your insurance in Canada.
Latest News
Alert! Seg funds are on the rise + MORE Feb 24th
Watch out if your advisor suggests investing in segregated funds. These insurance-backed investment products come with high fees and are unsuitable for typical investors. But they’re now surging in sales—likely because they don’t fall under new fee disclosure rules for mutual funds, ETFs, bond.... 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 »
Anne T. Donahue: How I Stopped Romanticizing the Millennial Obsession With Productivity Jun 5th
In November 2019, I got in a car accident. Driving home to Cambridge, Ont. from Toronto one evening, I crashed into a car that had, seconds before, crashed into somebody else. All parties involved were lucky: No injuries were life-altering. My insurance would help me replace my totalled car, and the.... More »
Finding your financial footing + MORE May 18th
Q: A little over 3 years ago, I became a widow very unexpectedly with two kids. About five months ago, I had to leave my job due to Parkinson’s disease. I am an owner of a house which I’m trying to downsize without success due to bidding wars. I do have a small CPP pension and a little m.... More »
Do I Really Need A Health & Dental Insurance Broker? + MORE Oct 2nd
We are receiving an overwhelming amount of inquiries about supplementary health care insurance to compliment provincial plans. In particular, most people are interested in continuing coverage during a career transition.
If you are exiting an employer sponsored benefit plan be sure to contact y.... More »
Why your home insurance rates are rising
– moneysense.ca
(Photo illustration by C.J. Burton)At first glance, James Arnold looks like an insurance company’s dream client. The Richmond, B.C., resident has owned his current home for almost two decades, been with the same insurance company for over 15 years, and in all those years he’s never made a claim. At least, not until last year, when a tree fell on his property, clipping his detached garage, and ripping the power lines right off his home. “It was a small claim,” he says, “at a cost of only $3,000 after the deductible.”
He expected his premiums to go up, but the 15% hike his insurance company sprung on him was more than he bargained for. Especially on top of the 7.5% rise he’d endured the year before and the 6.5% rise the year before that. All told, Arnold saw his payments jump up by almost one-third in just three years. “But when I shopped around, I found that rates had gone up everywhere,” he says.
If you’ve noticed that your home insurance costs have been rising too, you’re not alone…
