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“Do I need to tell my insurance company about a house fire or flood that I fix myself?” Sep 28th
You had a fire or flood in your home. Now you’re thinking about trying to fix the damage without telling your insurance company so that your rates don’t go up.
In my experience, most homeowners have this moment after a loss event. It’s fine to think about it—but I would say, don’t think to.... More »
Why adding your kids to the house title will cost you Sep 28th
Q: My parents have both of their names on their house as joint tenants. My mother has been diagnosed with dementia and is now in long term care. My dad has trusteeship and guardianship for her. He wants to put his four daughters on the title of the house. How is this done and what is the procedure.... More »
Compare car insurance quotes from Canadian providers Jun 24th
Auto Insurance
Compare car insurance quotes from top providers in Canada
In under five minutes, get a personalized car 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 »
“I discovered water damage in my home. Will insurance cover me?” Sep 1st
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
Does home insurance cover water damage?
The end result of water damage to your home is a.... More »
How Baker Tilly Toronto supports insurance providers in transition Oct 23rd
The insurance industry is constantly evolving, facing disruptions from technological advancements, intergenerational wealth transfers, market consolidation driven by private equity, and shifting regulations.
For professional advisors like Baker Tilly Toronto, staying current in this business land.... More »
Manulife has become the first Canadian insurance company to offer life insurance to people who are HIV-positive.
When to prioritize debt repayment over saving
– moneysense.ca
In our April 2016 issue of MoneySense, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. Throughout the year we’ll be giving her a financial challenge every two weeks to help her get her finances in tip top shape. Make sure to follow along! In her last challenge, we asked Lindsay to rethink her budget-busting fitness classes. This week’s challenge involves more budget basics. Challenge No. 2
Lindsay’s budget factors in savings as if they were an expense. This can make budgeting very confusing. So for her second challenge, we asked Lindsay to redo her budget, starting with annual disposable income and not including any savings at all.
To do this, we asked her to take pay stubs from both her full-time job and her part-time job and do the following:
1. Calculate what she earns gross annually from both jobs, then deduct income taxes, EI, CPP, Disability insurance payments, etc. from that amount to get her total net income…
How to sell your car without a guarantee
– moneysense.ca
Q: “I’m selling an older car privately and don’t want to guarantee it. If the buyer gets a safety inspection, am I off the hook?”
—Name withheld, Edmonton, Alta.
A: A provincial safety standards inspection is not a warranty, although it may give the buyer some peace of mind regarding the condition of some safety systems on the vehicle. Instead, prepare a bill of sale or receipt that includes a disclaimer like the one recommended by Ontario’s Used Car Dealers Association, which states: “This vehicle is being sold ‘as is,’ unfit, not emissions tested and isn’t represented as being in a roadworthy condition, mechanically sound or guaranteed.” Sign it, and make sure the buyer does too.
Related: Car insurance in 90 seconds
—Name withheld, Edmonton, Alta.
A: A provincial safety standards inspection is not a warranty, although it may give the buyer some peace of mind regarding the condition of some safety systems on the vehicle. Instead, prepare a bill of sale or receipt that includes a disclaimer like the one recommended by Ontario’s Used Car Dealers Association, which states: “This vehicle is being sold ‘as is,’ unfit, not emissions tested and isn’t represented as being in a roadworthy condition, mechanically sound or guaranteed.” Sign it, and make sure the buyer does too.
Related: Car insurance in 90 seconds
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The post How to sell your car without a guarantee appeared first on MoneySense.
Manulife to offer life insurance to HIV-positive Canadians
– moneysense.ca
TORONTO – Manulife has started to offer life insurance for people who are HIV-positive, a first for a Canadian company, the insurer said Friday.
The company (TSX:MFC) said it made the decision after it reviewed the latest mortality and long-term survival rates of HIV-positive Canadians and gained a better perspective on individual risk profiles.
“Manulife was the first insurer to underwrite people with diabetes, and we are continuing in that tradition by making life insurance a possibility for the more than 75,000 Canadians who have tested HIV-positive,” Manulife Canada chief executive Marianne Harrison said.
The only insurance guide you need »
“This is the result of work completed by our research and innovation team and working closely with our colleagues in the United States at John Hancock.”
The company said applicants who have tested HIV-positive, are between the ages of 30 and 65, and meet certain criteria, can apply for individual life insurance for up to $2 million.
A revolution in drug treatments in recent years has changed an HIV-positive diagnosis from one of a quick death sentence to a chronic disease that can be managed with proper medication…
The company (TSX:MFC) said it made the decision after it reviewed the latest mortality and long-term survival rates of HIV-positive Canadians and gained a better perspective on individual risk profiles.
“Manulife was the first insurer to underwrite people with diabetes, and we are continuing in that tradition by making life insurance a possibility for the more than 75,000 Canadians who have tested HIV-positive,” Manulife Canada chief executive Marianne Harrison said.
The only insurance guide you need »
“This is the result of work completed by our research and innovation team and working closely with our colleagues in the United States at John Hancock.”
The company said applicants who have tested HIV-positive, are between the ages of 30 and 65, and meet certain criteria, can apply for individual life insurance for up to $2 million.
A revolution in drug treatments in recent years has changed an HIV-positive diagnosis from one of a quick death sentence to a chronic disease that can be managed with proper medication…
Benefits like dental care and glasses are taken for granted while you work. In retirement is it better to pay out of pocket for them, or buy insurance?
