How to go about securing the best policy for your insurance in Canada.
Latest News
What Does Silicon Valley Bank’s Collapse Mean for Canadians? Mar 25th
The collapse of Silicon Valley Bank, or SVB, earlier this month has been sending shockwaves throughout North America’s tech and banking industries. The lender, based in Santa Clara, Calif., had clients that included start-ups like HR and payment firm Rippling and major tech companies like Roku. It.... More »
Prospective home buyers feel the heat over new mortgage rules, but all hope is not lost, industry leaders say Jul 10th
Mortgage default insurance is mandatory on down payments between five and 19.99 per cent, and as of July 1 it will be even harder to qualify through the national housing agency. But don’t panic just yet..... More »
TFSA contribution room calculator + MORE Aug 28th
TFSA contribution room calculator
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator. Note that in the second box below, you should not “double count” contributions that you have withdrawn and then legitimately re-contributed in the following.... More »
CPP payment dates in 2026, and more to know about the Canada Pension Plan Jan 4th
In Canada, most retirement plans include the Canada Pension Plan (CPP). Whether retirement is just around the corner or still years away, CPP is likely to form part of your retirement income. How much you receive depends on factors such as your earnings history, contributions, and when you start col.... More »
Your ID was stolen, here’s what to expect + MORE Jan 7th
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on t.... More »
Do You Need to Insure a Car, Motorcycle, or RV That’s Sitting in Storage?
– ratesupermarket.ca
Everyone thinks about car insurance in terms of road liability. There are hefty fines for driving without insurance, and you should always have coverage in case of a collision. But what about those seasonal vehicles or classic cars you don’t drive?
As it turns out, there’s good reason to keep those vehicles insured year-round as well. You will be protected in the event that damage is caused while the vehicle is parked or stored. . You can change your coverage so you’re not paying for protection you won’t need.
Protection for a Range of Hazards
Even off the road, there are a number of ways your vehicle could be damaged. Fire, theft or other damage are also perils covered by auto insurance. If any of these happen to you, the bill comes out of your pocket. That can lead to substantial costs, especially if you are storing a high-ticket item like an RV or classic car.
Future Premium Discounts
If you do cancel your insurance, you have to start it up again eventually. But you may discover at that time you’re no longer eligible for long-term policy holder discounts from your insurer…
