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Do affordable starter cars still exist? Jan 23rd
“There’s no such thing as a starter brand new car anymore,” said Michael Bettencourt, a longtime auto journalist and co-author of an upcoming book on buying an electric vehicle in Canada. He is also a father to a 17- and 20-year old—the latter of whom will be shopping for a car soon.
Wi.... More »
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 »
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 »
If my home is destroyed, will insurance cover its full replacement cost? Feb 20th
If you live in an area susceptible to flooding or other natural disasters, experts say, you should double-check that your insurance policy covers your home’s full replacement cost.... More »
TFSA contribution room calculator + MORE Nov 5th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
Going on vacation? Don’t forget travel insurance
– moneysense.ca
OTTAWA – Sunscreen, check. Beach hat, check. Camera, check. How about travel medical insurance?
As you prepare to head south on your winter getaway, travel experts want you remember to check your insurance coverage.
“The minute that you leave your home province you need medical coverage,” said Tina Richardson, business development manager for CAA Travel.
“Even within our own country, outside of province we still need travel medical insurance.”
Your provincial health care plan only provides limited coverage for emergency medical costs outside of Canada and even within Canada you may face costs that are only partially covered or not at all.
On its website, the Ontario government strongly advises people to purchase additional health insurance every time they leave Canada to cover any expenses not covered by the provincial health insurance plan.
How to save money on travel insurance »
You may already have medical travel insurance as part of your benefits package at work. Some credit cards also offer emergency medical and other coverage if you use them to pay for your tickets…
As you prepare to head south on your winter getaway, travel experts want you remember to check your insurance coverage.
“The minute that you leave your home province you need medical coverage,” said Tina Richardson, business development manager for CAA Travel.
“Even within our own country, outside of province we still need travel medical insurance.”
Your provincial health care plan only provides limited coverage for emergency medical costs outside of Canada and even within Canada you may face costs that are only partially covered or not at all.
On its website, the Ontario government strongly advises people to purchase additional health insurance every time they leave Canada to cover any expenses not covered by the provincial health insurance plan.
How to save money on travel insurance »
You may already have medical travel insurance as part of your benefits package at work. Some credit cards also offer emergency medical and other coverage if you use them to pay for your tickets…
Ride Share Insurance to Come to Canada
– ratesupermarket.ca
Insurer Aviva Canada will soon start offering a modified insurance policy for ride-sharing drivers, hoping to close a coverage gap that could leave drivers and passengers unprotected if they’re involved in an accident.
Looking for the best personal auto insurance? Compare here for the best quotes in Canada>
The announcement comes in the midst of growing pressure on insurers to clarify whether modern ridesharing services like Lyft and Uber, whose controversial app lets riders summon self-employed drivers through their smartphones, require commercial or personal insurance – and to what degree.
Most drivers on the UberX platform carry only personal insurance, but those policies clearly don’t cover drivers who are transporting passengers for pay. Already some UberX drivers have seen their policies cancelled as a result of insurers’ scrutiny.
Also read: Can You Afford to Drive for Uber?>
Insurance A Continuing Problem For Ridesharing Services
The issue of ride share insurance has been one of the biggest problems facing cities that are struggling to regulate ridesharing services and create a level playing field between them and taxi or other livery services…
On Jan.1 the province introduced a snow tire insurance discount. Some insurers are playing by the letter of law, not the spirit.
