How to go about securing the best policy for your insurance in Canada.
Latest News
When to prioritize debt repayment over saving Nov 7th
In an earlier story, 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. To help her get her finances in tip top shape, we gave her a series of financial challenges, including a rethink of her budget-busting fitness classes. .... More »
How well are you protected if you have a car accident? Rising deductibles mean your insurance company could get more than you Feb 28th
If you’re awarded a pain and suffering payment of less than $44,000 in Ontario, the money goes to your insurance company and you get nothing. But there are things you can do to protect yourself..... More »
Estate planning considerations for single parents Nov 23rd
If you are a single parent, here are key questions you should consider:
1. Are your estate plan and related documents up to date? The death of a spouse or separation or divorce generally triggers a significant change in intentions on death. If you are widowed or if you no longer want your for.... More »
Bank of Canada holds rate, suggests more hikes likely at more cautious pace Oct 26th
The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual pace.
In its scheduled announcement, the central bank said it held off this time in part because it expects the recent streng.... More »
Don’t procrastinate writing a will, experts say Mar 7th
OTTAWA – It could be the most important document people write, and they won’t be alive to see it through.
Writing a will may be at the bottom of many to-do lists, but financial and legal experts say that laying out your wishes can ensure your money goes where you want and may save your estate fr.... More »
UBI Auto Insurance: Big Savings or Big Brother?
– ratesupermarket.ca
Usage-based or ‘pay how you drive’ insurance could fundamentally alter the auto insurance business in the coming years, industry experts predict.
By combining a GPS system with on-board diagnostics, it’s possible to record exactly where a car is and what’s happening with it, providing auto insurance carriers an opportunity to change drivers’ behaviour and reduce subsequent costs.
Such telematics could be used to combat insurance fraud, such as staged accidents or bogus damage claims. The devices could also record information on collisions, similar to a black box in an airplane.
Monitoring Individual Driving Styles
The principal attraction is to use them to monitor individual driving styles – including the speeds at which you drive, the time of day you make your trips and how long you’re behind the wheel – and then feed this data back to your insurer for assessment.
Insurance companies are attracted to the technology, because it’s a more accurate and more equitable way to price auto insurance risk…
One year after Alberta's floods, an altered landscape for insurers
– theglobeandmail.com
Flooding is Canada’s most common weather hazard, and last year’s floods in southern Alberta resulted in $1.72-billion in insurance claims paid
