Does a Higher Home Insurance Deductible Mean More Savings? + MORE Jun 28th

How to go about securing the best policy for your insurance in Canada.
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Creating a will is the “adulting” milestone you need to hit this year Jul 18th

When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to th.... More »
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Do You Need to Insure a Car, Motorcycle, or RV That’s Sitting in Storage? Jul 14th

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Insurance Fraud: The Leading Cause of High Insurance Premiums for Canadians Jul 2nd

An ever-present, growing problem in the Canadian insurance industry is fraud. What some view as a “victimless crime” can affect thousands of insured Canadians. Insurance fraud can be well planned with a network of perpetrators working in tandem, or committed by a single person in a moment of du.... More »
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CitiBank Cuts Travel Insurance On Credit Cards Jul 6th

Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel. The benefits that will no longer be honored are worldwid.... More »
What NOT To Do Before a Life Insurance Medical ExamA history of eating greasy burgers every day or chain-smoking. These are things you CAN’T hide in your system (heart, lungs) before a life insurance medical exam. But what about a beer the day before, salty chips, Red Bulls and espresso shots? These you MIGHT be able to temporarily hide. And, why should you? So you don’t skew your test results.
The night before a medical exam for your life insurance is important and shouldn’t be taken lightly. While the exam might only take 30 minutes to an hour, what you eat, drink – – and do – – might show up in the results. And, that can determine the premiums you’re charged (gulp!).
So, here are a few things NOT to do right before your life insurance medical exam.
Avoid Skimping on Water
Some people avoid drinking water before their exam. But, you should drink plenty of water and have a full glass before your exam. This helps when you take your urine test and you won’t be dehydrated. Dehydration can make it hard for your phlebotomist to find a good vein when they do your bloodwork…

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Does a Higher Home Insurance Deductible Mean More Savings?
Home insurance can sometimes be tricky. You know you need a home insurance policy, but how do you find the right deductible amount? On the one hand, you want low monthly payments. On the other, you don’t want a high payment to make if something happens and you have to file a claim. But, what’s the right deductible amount? And, how can you get the most savings? Let’s explore a few ways to calculate your deductible and weigh the pros and cons.
Understanding Your Home Insurance Deductible
Your deductible is how much you as a homeowner and policy owner have to pay out-of-pocket (yourself) for damages to your property. This is the payment you pay before your insurance will make any payment towards the damages or a loss when you file a claim. Let’s look at an example.
Your upstairs neighbor’s tub overruns and it floods your apartment. The damage totals $10,000. If you have a $1,000 deductible, you don’t then send $1,000 to the insurance. No, if the claim is covered by the insurance company, they will send you $9,000 which is the balance of the claim…

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