Fire insurance claims: When to tell your home insurance provider + MORE Sep 12th

All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News

Wealthsimple review 2020 Sep 20th

Maybe you’re here for our Wealthsimple review because its slick ads featuring frank talk on finances from Hollywood actors, such as Mark Duplass and Aubrey Plaza, made you curious. Or maybe its highly relatable celebrity social media posts, like Queer Eye’s Jonathan Van Ness declaring his First .... More »

What does a fee-only financial planner do, exactly? Sep 16th

Q. How do you make money, Jason, if you don’t sell any products? –Rob A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.  Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an import.... More »
“You don’t have to file a home insurance claim if you have a house fire,” is not something you would expect to hear from insurance experts. But in the wake of the increasing fire-related fatality numbers from the Ontario Fire Marshal, we couldn’t help but ask.
First, the numbers. Between January 1 and May 4, 2020, there were 51 fire-related fatalities in Ontario—a 65% increase in comparison to the same timeframe last year. However, insurance specialists in the province aren’t reporting a surge in claims.
Now, if house-fire fatalities are up and residential fires in general are a growing concern during the pandemic, it’s reasonable to consider that some Canadians aren’t making insurance claims after a house fire—presumably because they want to avoid a potential rate increase.
Should you make an insurance claim for a house fire? Well, it depends
When an injury or fatality occurs, it’s critical that all relevant reports are made. However, if a house fire results in property damage only, you may consider handling the repairs privately…

Continue Reading On moneysense.ca »

Credit cards have become ubiquitous, used to pay for everything from gas to travel to home delivery. Managed properly, they’re also essential financial tools, allowing cardholders to build credit, earn cash back or travel points, and gain valuable perks, like insurance or purchase protection. Carrying a balance, however, changes everything. “Credit card debt is very high-interest debt, typically in the neighbourhood of 20% or more,” says Scott Hannah, president and CEO of Credit Counselling Society. At that rate, even a modest balance can spiral quickly out of control. 
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits 
It might seem obvious, but you can’t improve on something if you don’t understand it.  “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…

Continue Reading On moneysense.ca »

Share

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