How to go about securing the best policy for your insurance in Canada.
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What DCPD insurance means to you Jan 19th
Direct compensation property damage, or DCPD, has nothing to do with your house and everything to do with your wheels. Part of the no-fault auto insurance system, it is a mandatory component of car policies in Ontario, Quebec, Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island. The bi.... More »
The best credit cards in Canada for 2024 Apr 5th
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help.
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Accident benefits have you covered—but for what, exactly? + MORE Apr 17th
Accident benefits might be the last thing on your mind when you’re buckling up in a new ride and tuning into your ultimate road-trip playlist, but they’re important to know. Accident benefits coverage is mandatory across Canada, except in Newfoundland and Labrador. Without it, you would be.... More »
Home insurance guide + MORE Dec 26th
Our guide to home insurance is here to remove the confusion and help you understand what home insurance is, whether you need it, how much it costs, and what it does and doesn’t cover. We break it down in a way that will help you get the best coverage for your home, your valuables and your budget.&.... More »
Canada’s best credit cards 2020 + MORE Nov 27th
Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balanc.... More »
Will the average home insurance cost go up because of COVID-19?
– moneysense.ca
What does home insurance have to do with the pandemic? Canadians have been spending more time at home as a result of the COVID-19 pandemic, and that’s a good thing–we’re all trying to stop the spread of the coronavirus and get back to life as we knew it. However, all of that extra time in our houses has led to an unexpected consequence for some families.
The Ontario Fire Marshal reports that between January 1 and May 4, 2020, there were 51 fire-related fatalities in Ontario—a 65% increase in comparison to the same timeframe last year. While there were a variety of factors behind these incidents, unattended cooking is a leading cause of residential fires. With restaurants feeling the negative effects of the pandemic, and more people working remotely or out of work due to the pandemic, cooking at home (while working and/or watching the kids) could be a reason for the increase.
The above is a troubling statistic for a number of reasons, most notably the tragic loss of life. From a financial perspective, this increase in residential fires may have some wondering if home insurance rates might go up in an already challenging time…
The Ontario Fire Marshal reports that between January 1 and May 4, 2020, there were 51 fire-related fatalities in Ontario—a 65% increase in comparison to the same timeframe last year. While there were a variety of factors behind these incidents, unattended cooking is a leading cause of residential fires. With restaurants feeling the negative effects of the pandemic, and more people working remotely or out of work due to the pandemic, cooking at home (while working and/or watching the kids) could be a reason for the increase.
The above is a troubling statistic for a number of reasons, most notably the tragic loss of life. From a financial perspective, this increase in residential fires may have some wondering if home insurance rates might go up in an already challenging time…
