News & Blog: Personal Insurance

Covering the insurance-related issues and developments that matter to our personal and business clients.

Aug 7, 2018 A Room-By-Room Look at What Renters Insurance Could Do For You

We know what you’re thinking. I can’t afford to buy insurance. I’m already paying rent and have enough expenses to cover each month. But how much do you think it would cost to replace all of the items in your apartment? Let’s do a little math… (Viewing this from your smartphone? Click here to enlarge.) What’s your stuff really worth? Everything adds up, and even the “little things” are worth more than you might think. In the bedroom Queen-size mattress, $1,000 Sheet set, $100 Duvet, $150 Clothes & shoes (heels and runners), $2,500 Tablet and case, $700 Total: $4,450 In the office MacBook Pro, $1,600 Printer/scanner, $100 Digital camera, $500 Office furniture, $500 Total: $2,700 In the living room…

Read More

Jul 18, 2018 Before, during, and after a windstorm

Did you know that an estimated 50% of Economical home insurance claims related to wind damage happen in the summer? Strong, gusty winds can do some serious damage to your property and make for unsafe driving conditions. While most home and car insurance policies do include coverage for damage caused by windstorms, there are some things you can do before, during, and after a windstorm to stay safe and avoid damage to your property and your car. How to prepare before a windstorm Strong winds can cause damage to your property or lift up loose items and turn them into dangerous projectiles. Stay on top of these tips year-round so you’re always prepared for a windstorm: Trim your trees and shrubs. Make sure you…

Read More

Jun 21, 2018 Your Guide to Safe Summer Biking

Biking is a great way to get around town, save money on gas, and get some exercise. While you likely learned to ride a bike as a kid, chances are you weren’t commuting across the city to your office job or sharing the road with cars, trucks, and other motorized vehicles. While it can be intimidating at first, a little bit of planning will go a long way and help you ride with confidence. Here’s a quick guide to get you out on the road and enjoying life on two wheels. Take care of your bike Just like a car, your bike needs regular maintenance and attention. Ignoring problems will not only cost you more money in the long run, but it could put…

Read More

Jun 8, 2018 A Step-by-Step Guide to Opening Your Cottage for the Summer

If you have a cottage, it’s about time to open it up and prepare for another summer of beach days and campfire nights. Check these 10 steps off your to-do list as you get ready for cottage season. 1. Arrange to have your utilities turned back on or inspected. If any of your utilities, like water or gas, need to be turned on by professionals, remember to make arrangements well ahead of time so your cottage is ready when you plan to settle in for the season. You should also have your septic system inspected by a professional if it’s due for a check-up. 2. Make sure your seasonal property insurance policy is up to date. Whether you’re adding some new toys to your…

Read More

Jun 5, 2018 Sinkhole, in Ottawa? How would Insurance Work?

Remember that every situation is unique so you should talk to your insurance broker for more information. Let’s use a hypothetical situation and say a sinkhole appeared in the middle of the highway, out of nowhere ─  and a driver drives straight into it. Although the ultimate decision about claims rests with the particular insurance company, in this type of situation, we would expect the claim would be handled under the loss or damage section of the policy as a collision. If the person in question did not have collision insurance at the time of the accident, they would be financially responsible for the loss of the vehicle. They would also have to pay for their own rental vehicle (if required), giving themselves…

Read More

May 25, 2018 Home Improvements That Could Lower the Cost of Your Insurance

If you’re thinking about making some home improvements this year, why not choose projects that could help you save on home insurance? Here are five premium-reducing upgrade ideas to get you started. Switch up your heat source. If you currently have an oil furnace or a wood or pellet stove (three of the riskier heat sources on the market), switching to an electric or gas furnace could lower your risk of fire and your insurance premium. Replace your knob-and-tube, aluminum, or 60-amp electrical system. All three of these systems (commonly found in older homes) tend to come with a greater risk of overheating. To reduce your chances of an electrical fire and save on home insurance, consider upgrading to an electrical system that uses…

Read More

May 1, 2018 Insurance Tips for Newlyweds

  So, you’ve tied the knot and thrown the bouquet, and now you’re ready to make it official…by taking care of your “just married” paperwork, that is. Whether you’ve lived with your new spouse for years or you’ve just moved into your first home together, make sure you’ve checked these to-dos off your list: Insure your new bling. Engagement rings and wedding bands can cost a pretty penny. Did you know that most home insurance policies have a coverage limit for all of your jewelry combined? You might need extra coverage for that new diamond ring. Learn what’s involved in insuring your jewelry and contact your licensed home insurance broker. Let your broker know you’re living with another licensed driver. Even if you each have your own…

Read More

Apr 24, 2018 Free Renter Insurance Pt. 2

Buy Renter Insurance, Pay $0 additional for overall insurance So – refer to Part #1: Growing up is Expensive! – Can I get Free Renter’s insurance? to remind yourself of Mark’s situation.  It is true, growing up can be expensive, but let’s see what Mark’s insurance broker, Jack B. Wicked has to say about that. “Mark, so as I said, the initial price for insurance for renters is $350, but I have some really good news for you.  By combining your car insurance and your tenants insurance with the same insurance company, I can get you a discount on both.” Not fully understanding, but frustrated with how he is going to get through each month with less money, Mark asks…

Read More

Mar 28, 2018 Free Renter Insurance

Part #1: Growing up is Expensive! – Can I get Free Renter’s insurance? I know it sounds too good to be true! Here’s the bad news ─ it is technically not true. We cannot give you tenant insurance (also know as Renter Insurance) for $0, however the good news is that in practical terms, you can protect your possessions with renter insurance for no addition insurance dollars. Let me explain by way of example. Mark lives in Toronto. I know many Marks but this one is hypothetical… let’s call him Mark B. Smartypants. Mark is 24 years old, recently started working downtown Toronto for an investment bank. He feels all grown up having graduated University and having a steady income. He has been…

Read More

Mar 27, 2018 Spring Driving Tips

It’s that time again ─ Spring is finally here! But is your automobile ready for the warm weather? Your Spring Auto To Do List: 1. Windshield Wipers: Check them for wear and cracks, and replace them if necessary. Remove your winter wipers if applicable and install your summer blades. 2. Windshield Washer Fluid: Always remember to keep extra windshield washer fluid in your vehicle. Spring brings dirt, dust and insects that can obscure your vision. 3. Clean the Interior: It’s easy to use your car or truck as a storage area for all kinds of things (including useless junk and garbage), especially in the cold months when you don’t feel like cleaning your car. Take time to declutter your car; losing the extra weight can significantly increase…

Read More