May 25, 2022 Ontario/Quebec Storm May 2022

updated 05/30/2022 1:00 pm On Saturday, May 21st a serious storm affected much of Ontario and Quebec. This storm has been described as a “derecho”, a powerful kind of windstorm that is long-lasting and far-reaching. With widespread damage and our own power being affected at our office, our phone system was down, but as of 8:00 am May 25th, it is once again functional.  Insurance companies are also doing their best to keep up with the demand but phone lines are certainly backed up due to the number of people sustaining damage.   I am seriously affected ─ my house or business is seriously damaged? If your safety is at risk, immediately call 911! Only if it is safe to do so, do what you…

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Nov 4, 2021 Tips on how to Submit an Accurate Home Insurance Quote Online

Part 2 of completing accurate insurance quotes online looks at home insurance, and some of the common errors often seen. ( See part 1 – auto insurance here). Here are some of the most common errors; Replacement costThis is often one of the main discrepancies from online quotes, resulting in inaccuracy. Sometimes this results in predicting insurance cost that is too high, but more often than not, way too low. When inputting replacement cost online, we often hear from new home buyers, “I chose that number because the land is worth something, so I subtracted 20% from what I paid for the house”. Purchase price is not an accurate indication of replacement cost for insurance purposes. It’s perhaps a good starting point, but…

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Sep 27, 2021 4 Steps to Help You Insure Your Property or Vehicle “In the Estate of”

Going through the process of organizing insurance for assets that have been registered into the Estate of a loved one can be a complex and emotional experience as you mourn their loss. You may not be aware but property such as a house, vehicle or cottage, will need to be transferred to the name of the Estate to ensure that the property remains covered through insurance. At Rhodes & Williams Insurance, we understand that this is the last thing you may want to think about which is why we are here to support you during this difficult time. Below are the (4) steps* to ensure the process is simple and easy for you and your family: Provide a copy of the death certificate for the…

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May 23, 2018 The Green Energy Insurance Market

With high consumer demand for clean energy and plenty of government incentives available to assist green energy companies, the number of Canadian businesses playing in this space is growing daily. Insurance markets have been quick to respond with a suite of unique coverage and risk management tools tailored specifically to help protect clean energy producers in the wind, solar and co-generation sectors. Traditional manufacturers who are going green are also benefiting. What was once a largely misunderstood exposure for most insurers has now seen the marketplace bring in specially trained underwriters and loss control experts who are not only comfortable with green energy risks but are also very willing to advise their clients on best practices to mitigate risk, reduce losses and help keep…

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Dec 8, 2017 Canada’s Most Stolen Vehicles in 2017

Every year, the Insurance Bureau of Canada releases a list of the most stolen vehicles in each province and Canada as a whole. “Between 2015 and 2016, Ontario has seen an overall increase of 1% in auto theft, with considerable variations and fluctuations right across the province.” said Kim Donaldson, Vice-President, Ontario, IBC. This year’s list may or may not surprise you. Trucks and SUV’s once again top the lists with the 2015 Lexus GX460 taking the number one spot Canada wide for the most stolen vehicle. Ford pickup trucks and Toyota 4Runner SUV take their usual place amongst the lists in each provincial category as well as Canada wide. Quoting Statistics Canada as the IBC source, Kim Donaldson noted that “Guelph, Ontario reported…

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Dec 6, 2017 Insurance Clauses – Part 1

Insurance is not always at the top of everyone’s priority list. We get it. We are constantly reviewing the insurance portion of lease agreements, Master Service Agreements, vendor agreements, etc., sometimes after they’ve already been signed and terms agreed to. One clause we see quite often is the Waiver of Subrogation. It’s important to understand the implications of this clause, ideally before you sign that agreement. In many cases, it may already be included within the wording of your insurance policy. If not, it can sometimes be added by endorsement – but not without us first obtaining approval from your insurer. Waiver of Subrogation In a nutshell, adding this clause to your policy means that your insurer will not attempt to subrogate (or,…

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Nov 21, 2017 Operation Christmas Child 2017

Employees at Rhodes & Williams once again participated in the Operation Christmas Child Campaign put on by Samaritan’s Purse. Employees filled shoeboxes with hygiene items, school supplies and toys and are given to children in need around the world. Shoe boxes from Operation Christmas Child transcend all barriers—language, culture, geography, and politics—to give joy and hope to children throughout the world. This year we’re proud to say we collected 41 boxes to help bring joy to millions of children around Latin America, the Caribbean, Europe and West Africa. History: Operation Christmas Child was started in 1990. In 1993, Operation Christmas Child grew and was adopted by Samaritan’s Purse, a Christian organization run by Franklin Graham. To date, Operation Christmas Child has collected and…

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Nov 17, 2017 Business Insurance to Protect Your Online Sales

It always astounds me in conversation with small or home-based business owners, the number who feel that business insurance may not be necessary. I truly believe that it is because they are unaware of the potential risk they need protection from, and feel that it would not be affordable. Even if there were not affordable options available (there are!) I ask, “Can you afford not to have the protection?” Let’s say for example that you sell a simple product through Etsy, Amazon or any other online marketplace, to earn a little extra money on the side. For simplicity sake, let’s say you are selling the wonderful, fictitious product – Widgets. These Widgets are soooo cool, that you know everybody will want them! So you…

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Nov 14, 2017 Flooding & Home Insurance: 5 Key Questions Answered

The environment is changing – temperatures are on the rise impacting weather conditions everywhere. We only need to turn on our TV each week to see the news covering the next severe hurricane, tropical storm or flooding. In fact, flooding now represents 40% of all natural disasters and has become the #1 threat to your home. Flooding & Home Insurance – Am I Covered? Most Canadians don’t know what their home insurance policies cover when it comes to water damage. Depending on your policy, water coming into your home from torrential rainfall, overland water and spring thaw may NOT be automatically covered. Whether you own, rent or are a landlord; how water impacts you will vary so understanding your insurance policy and coverage is…

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Nov 2, 2017 2017 Insurance Business Awards Press Release

Rhodes & Williams Insurance Brokers Finalist for Outstanding Philanthropy & Community Service Award in the 2017 Insurance Business Awards Ottawa, Ontario — Nov 1, 2017 – Rhodes & Williams Insurance Brokers announced today that it has been selected as a Finalist for Outstanding Philanthropy & Community Service Award in the 2nd annual Insurance Business Awards. Insurance Business Canada is the leading insurance-focused magazine with more than 80,000 monthly visitors across the globe. IBC readers voted in their thousands to select finalists in 23 categories – chosen for their stand-out services, employee focus and corporate social responsibility among many. Winners will be selected by a panel of industry experts and announced on November 30th, 2017 during a stellar black-tie awards ceremony at Liberty Grand Toronto…

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