Insurance policy getting you down? There are always sound insurance alternatives.
Latest News
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 »
Attention, ESG investors: Canada’s biggest carbon-emitting public companies Jan 24th
The effects of climate change are a risk to Canadians and the Canadian economy in more ways than one. There are the direct issues, like fires, floods and storms, increasing in both frequency and intensity (plus threatening lives and homes, and raising home insurance premiums, too). There are financi.... More »
What is comprehensive insurance and what does it cover? + MORE May 23rd
Comprehensive insurance essentially covers you for things that happen to your car that aren’t caused by you or another driver. Think of it this way: If collision insurance covers you for accidents, comprehensive insurance covers pretty much everything else that could happen to your vehicle. It pro.... More »
TFSA contribution room calculator + MORE Apr 9th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
powered by
Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
Should you transfer property to a child and then rent it from them? Jul 27th
I would like to know if transferring our home into our daughter’s name—can we stay and pay rent and get a rental home credit? Is it valid?—Satyesh
Tax credits when renting property from a family member
There is a lot to unpack with your question, Satyesh, but I will address your direct q.... More »
The different types of home insurance—which one do you need?
– moneysense.ca
Over the course of your lifetime, you’re sure to find yourself in different living arrangements. From your childhood bedroom to eventually purchasing your own house (and all the fun stuff in between), our different homes reflect the transitions of our lives. From the moment we start to live alone to our final home purchase, we need different home insurance coverages to keep us protected.
In this guide, we’re breaking down the types of home insurance coverages you’ll need throughout your life—starting as a renter, moving on as a homeowner and then potentially renting out your home or cottage on a short-term basis.
What is tenant insurance?
Ah, the glory days. You’ve either just moved out of your parents’ house or you’ve finished school and are looking forward to your very own space to call home (posters and hand-me down furniture included). At this point in your life, you may not think you own enough stuff to warrant protecting it with insurance. However, when you take a moment to think of all the things in your apartment that have some value—your TV, your computer, clothes, kitchen equipment, etc…
In this guide, we’re breaking down the types of home insurance coverages you’ll need throughout your life—starting as a renter, moving on as a homeowner and then potentially renting out your home or cottage on a short-term basis.
What is tenant insurance?
Ah, the glory days. You’ve either just moved out of your parents’ house or you’ve finished school and are looking forward to your very own space to call home (posters and hand-me down furniture included). At this point in your life, you may not think you own enough stuff to warrant protecting it with insurance. However, when you take a moment to think of all the things in your apartment that have some value—your TV, your computer, clothes, kitchen equipment, etc…
