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Buying home insurance in Canada: A beginner’s guide Feb 25th
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Home insurance in Canada: A beginner’s guide
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Anne T. Donahue: How I Stopped Romanticizing the Millennial Obsession With Productivity Jun 5th
In November 2019, I got in a car accident. Driving home to Cambridge, Ont. from Toronto one evening, I crashed into a car that had, seconds before, crashed into somebody else. All parties involved were lucky: No injuries were life-altering. My insurance would help me replace my totalled car, and the.... More »
What is landlord insurance? + MORE Sep 24th
Landlord insurance, true to its name, is a type of policy for people who rent out a room, an apartment or a house to tenants. Also known as rental property insurance, it has some key differences from home insurance—the biggest one being coverage for loss of rental income, in the event that your pr.... More »
What Happens When the CERB Ends? Jun 24th
The Canada Emergency Response Benefit (CERB) is designed to help Canadians cope with the loss of employment as a result of the COVID-19 pandemic. The benefit was about to expire in July for some of the earliest applicants, but it was recently extended by an additional eight weeks.
Despite the exten.... More »
Do you have to split your estate evenly between your children? Aug 24th
A will is intended to outline your final wishes. But, sometimes an estate can be contested, and the courts can overturn the terms of a will and distribute the assets differently.
A good example is that of Pascuzzi v. Pascuzzi, a case recently heard by the Supreme Court of British Columbia. .... More »
Pay for insurance annually
– moneysense.ca
Almost everyone pays their insurance premiums monthly, but according to Chad Larmond of Larmond Risk Management Insurance, that’s not wise. “By paying annually, you will save 7% to 9%,” he says. There are three things working against you when you pay monthly. First, there is an administrative cost to process your premiums. Second, insurance companies charge you for the time they have to wait to get your money. Third, it’s an opportunity for insurance companies to profit from people’s aversion to paying premiums: People will happily pay more for the appearance of keeping their payments low. So if you’ve got the cash on hand, phone up your insurance provider and ask to pay your premiums annually. You can go out for a nice meal with the money you saved.This article was first published January 2016
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