Think twice before cancelling auto insurance + MORE Feb 3rd

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This Year’s Best Credit Cards for Travel Perks May 15th

For the avid traveler, there are a few things you can’t go without – your passport, travel insurance, and a good travel rewards credit card. Those who travel pretty often already know – the opportunity to gain rewards with a good travel credit card are hard to resist. You can easily earn deep.... More »

“How can I lower my auto insurance bill during COVID-19 lockdown?” + MORE May 3rd

On April 8, 2020, the Insurance Bureau of Canada released the following statement: To help Canadians cope with the financial impact of COVID-19, the Insurance Bureau of Canada (IBC) member companies are offering substantial consumer relief measures. For consumers whose driving habits have changed si.... More »

What you need to know about third-party liability insurance in Canada Oct 10th

Third-party liability insurance is mandatory coverage for all drivers in Canada. It offers protection for drivers if they’re at fault in an accident and the other party is hurt or even killed. This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party in.... 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 »
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Mortgage insurance calculator Jun 4th

CMHC insurance calculator If you’re buying a home and have a down payment of less than 20%, you’ll need to purchase mortgage default insurance, also known as mortgage loan insurance or CMHC mortgage insurance (named after the Canada Mortgage and Housing Corporation, one of the three mort.... More »
We need to understand what ‘Islamophobia’ really meansThroughout the second day after the late-night shooting at the Mosque in Quebec city, people continued to add flowers and notes and other objects as memorials for the victims on snowbanks around the perimiter of the mosque. (Photograph by Roger LeMoyne)

Mamadou Tanou Barry, 42, a government information-technology specialist, father of two. Ibrahima Barry, 39, a civil servant for the provincial health-insurance board, father of four. Khaled Belkacemi, 60, a Laval University chemistry professor, father of three. Abdelkrim Hassane, 41, a government information-technology specialist, father of three. Azzedine Soufiane, 57, proprietor of the Assalam halal grocery, father of three. Aboubaker Thabti, 44, pharmacist, father of two.

They are the dead from the Jan. 29 massacre at a mosque in the Quebec City suburb of Sainte-Foy. Among the million Muslims of Canada, they were our people, murdered while at prayer, and the horror of it drew our flags to half-mast and summoned thousands of Canadians to mourn in small candle-lit gatherings and in street vigils from Iqaluit to Victoria, and from Halifax to Calgary…

Continue Reading On macleans.ca »

The Best (and Cheapest) Cars to Insure in Canada
Fact: The Honda Civic has been the best-selling car in Canada for 19 consecutive years, with more than 800,000 models being sold nationwide since 2004. But according to recent sales data, the Hyundai Elantra seems to be picking up speed as it is the only vehicle listed in the top 10 whose sales grew year-over-year, while all of the others shrank.
Check out the top 10 best-selling cars in Canada last year below:

Honda Civic
Hyundai Elantra
Toyota Corolla
Mazda Mazda3
Chevrolet Cruze
Volkswagen Jetta
Volkswagen Golf
Hyundai Accent
Ford Focus
Toyota Camry

Volkswagen models the cheapest to insure
So sure, these cars may be rising in popularity. Chances are, nowadays, if you’re not driving a Civic, you saw tens or hundreds of them on your way to work this morning. But how do these best-selling cars rank in the cost for auto insurance?
To find out which of these best-sellers cost less to insure, we compared average car insurance rates using the RateSupermarket.ca car insurance quoter in six Ontario cities — Ajax, Cambridge, London, Ottawa, Peterborough, and Toronto…

Continue Reading On ratesupermarket.ca »

Think twice before cancelling auto insurance
Q: I’m considering getting rid of one of our personal cars—we have two. It is beyond its years and at the moment we don’t need it and have no real parking space for it.  My concern is insurance premiums when I finally do require a car and commit to buying another. We intend on adding me as a driver on my wife’s vehicle and it could be some time before we purchase another. Will my premiums go up if I’m not a principal driver for a long period of time?
– Frank in Oshawa, Ont.
A: This is a great question and one that I wish more people asked before getting rid of their vehicle or cancelling their insurance.
Your insurance history does have an impact on how much you pay for auto insurance. If you have a lapse/gap in your insurance history, it can affect your overall rating and increase premiums. If you didn’t add yourself to another policy as a driver you would have a gap in your insurance history. Adding yourself as a driver to your wife’s policy is a great way to keep your insurance history unbroken for when you buy another vehicle again…

Continue Reading On moneysense.ca »

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