What is landlord insurance? + MORE Sep 24th

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.

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How to find affordable home insurance Jul 11th

Affordable home insurance: Does it even exist? According to Ratehub.ca, an aggregator website, the average Canadian household pays $960 per year, or $80 per month, for home insurance. That’s a lot of money when you consider all the other costs that come with owning and maintaining a home. .... More »

The best life insurance in Canada for 2023: Your complete guide Aug 16th

Insurance Best life insurance in Canada for 2023 Get personalized quotes from Canada’s top life insurance providers. Let’s get started* You will be leaving MoneySense. Just close the tab to return. .... More »

What types of insurance do I really need and which can I live without? Oct 7th

Life, disability, critical illness. The world of insurance can be confusing. A financial planner weighs in on the ones you might want to consider..... 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 »

What is short-term disability insurance? Sep 17th

Short-term disability (STD) insurance provides income for someone over a short period of time if they can’t work because they’re ill or injured, have been in an accident, or are in the hospital. STD insurance is often offered by employers as part of their workplace benefits package. It’s not .... More »

Not sure about DeFi? Here’s how Coinchange is making crypto investments safe and easy

– moneysense.ca

As of September 2021, there is over $115 billion USD worth of assets in the decentralized finance crypto market.

Vadim Filippov, Chief Science Officer at Coinchange
Decentralized finance, or DeFi, provides an alternative to traditional banks. Instead of having a third party in a financial transaction—a role banks traditionally played—there is no intermediary. Instead, transactions are handled automatically through technology, executed using smart contracts.
“All financial transactions and records are immutable, un-editable, securely stored on the blockchain,” says Vadim Filippov, Chief Science Officer at Coinchange, a FinTech company that generates yield for customers through blockchain-based assets. “This allows trading, lending, borrowing, insurance and other financial transactions to be automated. And with that automation, the fees generated can go to users, instead of intermediaries.”

Demystifying crypto with yield farming

One of the biggest draws of DeFi is yield farming, which can bring higher rewards than traditional investments…

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What is landlord insurance?

– moneysense.ca

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 property becomes temporarily uninhabitable.

Landlord insurance vs. home insurance

Home insurance protects a homeowner, and landlord insurance protects the landlord. While that may seem intuitive enough, it can get more complicated if you rent part of your home or another home.

Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense. Just close the tab to return.

Does your home insurance cover you if you rent out part of your home?

Your home insurance policy may be suitable for renting out part of the property where you live (say, a basement apartment). Typical home insurance protects the dwelling, detached structures on your property, personal property (your stuff—not that of tenants) and liability for personal injury or damage to other people’s property caused by you, your family and/or your pets…

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Getting a great Insurance policy within Canada can be tricky – let us help! Visit our Insurance page for the latest advice and articles.

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