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Latest News
What is Wedding Insurance and Do I Need It? Jun 24th
If you’re shopping for wedding insurance, chances are the big day is quickly approaching. So, congrats! Planning your wedding can be a very busy time and there’s a lot of stress. You want your day to be perfect and you don’t want to worry about what could go wrong.
What if the gown is dama.... More »
The gig economy is here – and we aren’t ready + MORE Oct 22nd
Overhauling Canada’s social-insurance system won’t be an easy task, but labour-markets rends increasingly suggest it will be necessary in the near future
.... More »
Don’t Let The Polar Vortex Freeze Your Finances Jan 26th
Canadians saw extreme weather coast to coast in 2013 – and insurance companies saw a spike in their payouts at a record-breaking $3.2 billion to policyholders, according to the Insurance Bureau of Canada. This is more than triple the normal payout rate, which has averaged $1 billion since 201.... More »
Everything you need to know about your car insurance deductible + MORE Mar 12th
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.... More »
When buying critical illness insurance makes sense Jul 14th
TORONTO — It was about eight years ago that Brooke Robinson bought a critical illness insurance policy due to her family’s history of breast cancer, only to trigger it six years later for an entirely different and unexpected reason.
“I actually ended up with multiple sclerosis and it w.... More »
Trimming Teen Car Insurance Costs
– ratesupermarket.ca
Inexperienced drivers present a major danger on the road, to themselves, their passengers and other drivers. Study after study shows that younger people in particular are far more likely to be involved in a collision than any other group of drivers.
In particular, during the first six months of being licensed, young drivers are eight times more likely to be involved in a fatal crash than more experienced drivers, according to the Traffic Injury Research Foundation.
So, it shouldn’t be all that surprising that car insurance costs for teen drivers are typically much higher than average — particularly for younger men.
Young Female Drivers Get A Break
Premiums are a bit lower for young female drivers, since they’re perceived as being more cautious than young males and therefore a better investment. Not only do women have fewer accidents, but those incidents usually don’t involve as big a payout, according to industry statistics.
Over and above telling them to forget about driving for a few years — premiums for first-time drivers drop significantly around age 25 — there are several ways you can reduce the extra costs associated with insuring a teen driver…
Is Your Vacation Properly Insured?
– ratesupermarket.ca
Warm weather has finally descended upon Canada – and you’re likely keen to trade the nine-to-five office slog for a very well-deserved summer getaway. Whether you’re hitting the highway or taking flight to your destination, preparing for your vacay takes more than packing up your favourite sundress or board shorts. Failing to take out the right insurance coverage means you’re running the risk of paying thousands of dollars should your summer fun take a dangerous turn.
Don’t Hit the Road Without Car Insurance
You know car insurance is mandatory – but are you possibly paying more for it than you should? Depending on your province, you could be benefiting from a more competitive rate offered by another insurance provider. In fact, it’s smart to review your insurance options on a yearly basis as you renew, as a change in vehicle, significant upgrades or a continuously good driving record may make you eligible for lower premiums.
Looking for the best car insurance quotes in Canada? We’ve now got a handy comparison tool that digs up the best rates for you in your region…
General Motors Canada breached its contract when it reduced the health care and life insurance benefits for some of its retired workers, an Ontario court ruled Wednesday.
Make the most of sudden windfall
– moneysense.ca
If you ask Jonas and Anika Finn about the happiest day of their lives, they can pinpoint it exactly—April 7, 2008, the day they got a second chance at love. Having each come from failed first marriages, Jonas, 43, and Anika, 41, were thrilled to find each other. The couple first started chatting online through the dating site, Lavalife, and met in person a few weeks later on that fateful day. “I had been online dating for a couple of years and had been disappointed,” Anika says. “This was going to be my last kick at the can. I wanted a long-term relationship with someone who loves travel and adventure as much as I do. Jonas didn’t disappoint.”Jonas admired the honesty of Anika’s ad. “She sounded down to earth and I was ready to meet someone to share my life,” says Jonas. (We’ve changed names to protect privacy.) Today, however, after three years of marriage, the Finns find themselves at a crucial financial crossroads. The couple expects a windfall of about $125,000 after Jonas sells his 10% ownership stake in the insurance consultancy where he works and they’re not sure what to do with it…
