“I discovered water damage in my home. Will insurance cover me?” + MORE Jan 27th

Insurance policy getting you down? There are always sound insurance alternatives.

Latest News

Rising rates are good news for near-retirees seeking longevity insurance + MORE Jul 3rd

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 »

Buying home insurance in Canada: A beginner’s guide Feb 25th

Home Insurance Home insurance in Canada: A beginner’s guide In under five minutes, get a personalized home insurance quote from one of Canada’s top providers—free of charge. Just tap the button to get started. Get a free quote now* .... More »

Home insurance isn’t immune to inflation. Here’s how experts say you can lower those costs Jul 19th

Simply shopping around to different companies and double checking the coverages you actually need can save you cash at renewal time.... More »

Climate Change Is Influencing How Young People Invest Their Money Jul 11th

The climate crisis and its effects are front of mind for many Canadians. A recent Ipsos study found that 73 per cent of Canadians believe the world is headed towards environmental disaster, unless there’s an effective transition away from fossil fuels and a significant reduction in greenhouse gas .... More »

Will your travel insurance cover U.S. flight chaos? + MORE Nov 12th

As the U.S. government shutdown leads to thousands of cancelled flights, some Canadian travellers find themselves caught up in the stateside travel chaos. But there’s a chance that even those who bought trip insurance might be left holding the bag. More than 8,300 departures south of the borde.... More »

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

– moneysense.ca

Q: 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

A: The end result of water damage is almost always the same—repairs to your floors, drywall or even electrical and heating systems. However, the cause of the damage ultimately determines whether it’s likely to be covered by insurance. What matters is how water enters your home.

Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense. Just close the tab to return.

Setting aside incidental floods, such as pipes breaking or washing machines leaking, natural floods—such as those caused by snowmelt runoff or an overflowing river—should cause all homeowners concern.

A standard homeowners’ policy (or tenant insurance) doesn’t provide coverage in the event of flood damage…

Continue Reading On moneysense.ca »

Your home insurance company may be checking your credit score — are you okay with that if it saves you money?

– thestar.com

Allowing a ‘soft’ credit check gives requesters less information, won’t affect your credit score and can save you money on your policy

Continue Reading On thestar.com »

Why not follow our RSS feed to keep in sync with the latest Canadian Insurance news?

Share