Insurance policy getting you down? There are always sound insurance alternatives.
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How Much Will A Travel Credit Card Save Me On A Trip? + MORE Oct 10th
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 .... More »
The President Opens the ObamaCare Escape Hatch Jan 26th
Trump’s executive order will make it easier to find an insurance plan that fits your needs..... More »
How to win using annuities in retirement + MORE Nov 11th
The good news is most of us can expect to live longer. The bad news is that the decline of defined-benefit pensions, along with chronically low interest rates, makes it harder for us to avoid outliving our money.
For those without workplace defined-benefit pensions, annuities can offset that risk b.... More »
What is renters insurance and how does it work? We make it make sense + MORE Jun 8th
While many people are under the assumption that their landlord’s insurance will protect them, there are actually big differences to be aware of, said money expert Jessica Moorhouse..... More »
What to know about insurance claims after a flash flood Jul 19th
Canadian home owners are increasingly adding flood coverage to their insurance policies as extreme weather events become more common, according to the Insurance Bureau of Canada.
And after Tuesday’s intense bout of flash flooding in southern Ontario, some residents may be finding out the hard w.... More »
GM Canada wrong to cut retirees’ benefits, court rules
– thestar.com
General Motors Canada broke an agreement with some of its retired workers when it slashed health care and life insurance benefits, an Ontario court ruled Wednesday.My Not So Pleasant Home Insurance Renewal
– ratesupermarket.ca
When I received my home insurance renewal letter in the mail last month, I was upset to say the least. I’ve lived in my house for less than a year, but my home insurance premiums have skyrocketed by nearly 23 per cent! I could understand a five per cent increase, but a double-digit hike seems unwarranted and downright excessive. This prompted me to do some digging and find out why my premiums had ballooned by so much, and to see if I could find a better deal elsewhere.
My Current Home Insurance Provider
I was more than happy with my current home insurance provider (until I received my renewal letter), so I decided to give them a second chance. I phoned them for an explanation about why my premiums had increased by so much. The customer service representative explained my premiums went up due to an increase in the replacement cost of my house and the prevalence of natural disasters. When I did the math, I discovered my home’s replacement cost had increased 13 per cent year-over-year…
