All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
Talk to the Freedom Caucus Apr 4th
The White House tries again to assemble a House majority on health insurance..... More »
$100 to protect your home from a lightning strike + MORE Jul 1st
It’s beautiful and alluring. It can also be devastating. According to the U.S.-based Insurance Institute, lightning strikes rarely destroy a home, but they can cause quite a bit of damage. In 2009, the average homeowner insurance claim damage, due to lightning was US$4,324. But add up and thos.... More »
BREAKING: Ontario Car Insurance Rates Have Increased Oct 18th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 2.06 per cent on average..... More »
Novartis wins US OK for biosimilar version of Amgen’s Enbrel Aug 30th
U.S. regulators have approved the first near-copy of Enbrel, drugmaker Amgen’s pricey biologic medicine for treating rheumatoid arthritis and other immune system disorders.
The follow-up version of Enbrel, dubbed Erelzi, was developed by Swiss drug giant Novartis, which would not disclose the .... More »
What is CDIC insurance, how it works and what’s covered Oct 30th
Toilet paper isn’t the only thing Canadians were hoarding early in the pandemic. Headlines were buzzing that the Bank of Canada was running short of $50 bills too. Whether you were stuffing cash in your mattress or in the bottom of your sock drawer, the truth is your savings are safer at a financi.... More »
Don’t Be A Car Insurance Fraud Victim: 7 Steps To Take
– ratesupermarket.ca
Whether it’s a staged collision, arson or a simply an exaggerated claim, insurance fraud comes in many forms. But one thing is clear: you’re the person that ends up paying for it.
At least 15 cents of every dollar policyholders pay for their insurance policies goes towards paying out false claims, according to the Insurance Bureau of Canada.
Industry statistics suggest the most common types of insurance fraud as staged auto theft, arson, fake damages and inflated claims. While many bogus claims are the work of organized crime, individual policyholders are often equally at fault.
Fake Auto Accidents
Staged accidents usually contain one of three elements: fake auto accidents with false injuries, misrepresentation about cars being hit while parked, and “victims” being added to real or fake accident reports.
Last year, in an investigation dubbed Project Whiplash, Toronto police laid a total of 130 charges stemming from 77 collisions police say were staged. A number of physiotherapy clinics across Toronto were implicated in the scam, and accused of submitting false invoices to insurers…
The case was tossed out of court even though the checkup that found the cancer was voluntary.How Much Will A Travel Credit Card Save Me On A Trip?
– ratesupermarket.ca
Have an action packed October? You’re not alone – between Thanksgiving, Halloween and the full-force back-to-school slog, it’s natural to yearn for the laid back days of summer and crave a little R and R. But there’s good news for those frazzled by their fall schedules; November is the perfect time to take off for a warm weather getaway. This is the sweet spot between hurricane season and the holiday rush, resulting in steep discounts for hotels and airfare.
How Can I Save Even More On Travel?
Want to take an extra frugal approach to your well deserved getaway? Consider an extra purchasing power boost with a travel credit card. There are many options designed to offset travel costs with points earned over time – and some offer new customers huge point gifts upon signup to get you flying right away.
The best travel reward cards come free of booking and seasonal restrictions, and earn rewards effortlessly with everyday purchases. But when it comes to actually booking – and saving – on travel, how far will a travel rewards card take you?
The Card: Test Flying A Top Option
I decided to put one of the top market options to the test to see if I’d really score a discount on the following travel costs:
- Airfare and accommodation
- Baggage insurance
-Travel medical insurance
-Trip delay and cancellation insurance
- Car rental insurance
The card I chose for my trip – the Capital One Aspire Travel™ World MasterCard®…
