There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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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 »
Do You Need to Insure a Car, Motorcycle, or RV That’s Sitting in Storage? Jul 14th
Everyone thinks about car insurance in terms of road liability. There are hefty fines for driving without insurance, and you should always have coverage in case of a collision. But what about those seasonal vehicles or classic cars you don’t drive?
As it turns out, there’s good reason t.... More »
Scotiabank Gold American Express review: How competitive are this travel card’s rewards? Dec 6th
With an outstanding earn rate, no foreign transaction fees and a better-than-average travel insurance package, the Scotiabank Gold American Express card has garnered a lot of attention from Canadian travellers and cross-border shoppers. But is Amex a strong enough brand in Canada? And is this card w.... More »
The best travel credit cards in Canada for 2025 + MORE Jun 9th
To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started.
Best travel cred.... More »
The best travel insurance credit cards in Canada for 2024 Jan 4th
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The best travel insurance credit cards in Canada for 2024
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Insurance Fraud: The Leading Cause of High Insurance Premiums for Canadians
– ratesupermarket.ca
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 duplicity. The constant across all fraudulent claims is their result: they drive up premiums for all insurers.
Auto insurance fraud can take many forms and be carried out by any number of people in an auto claim process.
Don Forgeron, President and CEO of IBC, at the Ontario Association of Chiefs of Police Meeting on June 24, 2019, warned of the tie between criminal organizations and insurance fraud:
“Fraud can be a way for organized crime to bring in revenue and support its other operations. It can be a way for dishonest people to take advantage of unsuspecting citizens – sometimes threatening them with violence or retribution. Beyond that, there are also people across our province who are put at risk every time a car accident is staged to potentially secure accident benefits for the so-called victims…
