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Latest News
How much is insurance for a new driver? + MORE Mar 24th
You might believe that all you need to do to hit the open road is pass your driver’s test and put your keys in the ignition, right? Wrong. All drivers in Canada, including new ones, must also obtain auto insurance before they can legally drive. So, how much is insurance for a new driver? If you o.... More »
How GreenShield+ Will Revolutionize Canada’s Health Care and Benefits Experience Apr 14th
Imagine it’s a Monday morning and you’ve woken up with a fever and a pounding headache. Instead of waiting in line at a nearby walk-in clinic, you reach for your phone, open an app and connect with a doctor in a matter of minutes. Do you require medication? Imagine receiving a prescription in re.... More »
What to Do After Your Identity is Stolen? Apr 17th
Identity theft is a global crime where your personal or financial information is stolen to commit fraud in your name. It leads to severe financial and legal struggles. Identity thieves look for any of the following information:
Full name
Social insurance number (SIN)
Driver’s license number
Home.... More »
No health insurance? Here’s how to keep dental costs from bankrupting you May 24th
Should you get dental health insurance? (Likely no) Can you haggle over prices with your dentist? (Yes!). The Star spoke to experts about strategies for keeping costs in check..... More »
How much will you pay for CMHC mortgage loan insurance? Nov 15th
In this video, Preet Banerjee looks at how to calculate your CMHC mortgage loan insurance and how raising your down payment will help you save
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65% of Canadians are Wrong About Their Flood Insurance Coverage
– ratesupermarket.ca
On July 8, 2013, as much as five inches of rain fell on parts of the City of Toronto in just a few hours – more than what typically falls in an entire month. The news was filled with dramatic images of roads turned into rivers, and a GO Train stranded in the low-laying Don Valley. But for some homeowners whose basements were flooded, the real drama came days later when they realized their insurance didn’t cover “overland” flooding (i.e. water that travels over land from swollen rivers or intense rain storms).
Related Read: Should You Buy a Home Damaged by Flood?>
“Many Canadians across the country are unaware of the current state of flood protection in Canada,” says Daniel Mirkovic, president of Square One Insurance. “Water damage is the leading cause of insurance claims in Canada, but most home insurance policies specifically exclude flood damage.”
In fact, his company commissioned a survey that found that 65 per cent of Canadians think their house insurance policy includes flooding…
