Everything you need to know about your car insurance deductible + MORE Mar 12th

How to go about securing the best policy for your insurance in Canada.
Latest News

How much does it cost to insure an electric car? + MORE Mar 20th

Electric vehicles (EVs) are quickly zipping into the hearts and driveways of motorists across Canada, so you might be asking yourself how much it costs to insure one. While EVs remain fairly expensive to purchase compared to traditional gasoline- or diesel-powered vehicles, they offer some unique ad.... More »

“I discovered water damage in my home. Will insurance cover me?” Sep 1st

My washing machine has been leaking for years, and we only just learned of the leak and the resulting damage because of staining on our basement ceiling below. Will my home insurance cover this? —Alison Does home insurance cover water damage? The end result of water damage to your home is a.... More »
 commercial insurance

What is renters insurance and how does it work? We make it make sense + MORE Jun 8th

While many people are under the assumption that their landlord’s insurance will protect them, there are actually big differences to be aware of, said money expert Jessica Moorhouse..... More »
 insurance agents

Tech Entrepreneur Lauryn Vaughn Is Changing the Resale Fashion Game Jul 15th

My entire career has been about using technology to sell upscale consignment clothing. But my starting point was in traditional fashion: When I was a commerce student at the University of Calgary, I landed an internship with the designer Paul Hardy. That was my introduction to retail behind the scen.... More »
 online insurance

Rising rates are good news for near-retirees seeking longevity insurance + MORE Jun 29th

For years, low interest rates have been a boon to borrowers but a curse to older investors wanting low-risk interest income options. Now, after a decade of minuscule rates, interest rates are starting to inch back up again: another 0.5% as of June 1st. That’s good for GIC investors (guaranteed inv.... More »
If you just bought a new vehicle or are reviewing your insurance coverage needs, you may have questions about your deductible. Questions like: How does a car insurance deductible work? Do I need one? Will my premiums be affected? And, how much will it cost me? Once you understand the basics, you can find the car insurance deductible that’s right for you.

Compare personalized quotes from Canada’s top car insurance providers.All in under 5 minutes with ratehub.ca. Let’s get started.*Get free quotesYou will be leaving MoneySense. Just close the tab to return.

What is a car insurance deductible?

A deductible is the payment you are required to make when you file a successful insurance claim—even if your insurer is covering the majority of the cost. Think of it as the base amount you’ll have to cover yourself before your insurance kicks in. For example, if an auto repair costs $2,500 and your deductible is $1,000, you would pay $1,000 and your insurer would cover the remaining $1,500…

Continue Reading On moneysense.ca »

The best banks in Canada

– moneysense.ca

Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And, some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country—including a growing number of fintechs and neo banks—each offering its own suite of personal banking products and services. Finding the best one is tricky, especially since it depends on your specific needs, covering everything from your everyday banking habits to your savings goals, if you need or have a mortgage, as well as investments and more. In this article, we take a look at the standout banks, so you can decide which one works for your personal banking needs. We’ll also cover if these banks are covered by The Canada Deposit Insurance Corporation (CDIC), meaning that deposits held at said banks are insured up to C$100,000 in case of a bank failure. Here are the best banks in Canada for 2022.

The best big bank in Canada: Scotiabank

All of Canada’s Big Five banks offer customers stability, a broad portfolio of financial products, and the convenience of thousands of physical bank branches and ATMs…

Continue Reading On moneysense.ca »


Compare insurance quotes through Kanetix.ca - save time and money!