News & Blog: Personal Insurance

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

Dec 14, 2018 Canada’s Top 10 Stolen Vehicles in 2018

  The Insurance Bureau of Canada (IBC) released its annual list of Canada’s most frequently stolen vehicles, which is compiled using data from its members across the country. Once again, the Ford F-Series trucks topped the list. These light- and medium-duty trucks are popular with auto thieves across Canada. Henry Tso, Vice-President, Investigative Services, IBC, offers the following insights on the five Ws of auto theft. What is being stolen? Nationally, Ford F350 trucks hold the top five spots. In Ontario, thieves target high-end SUVs and trucks, including Chevrolet’s Tahoe, Silverado and Suburban. In Alberta, once again Ford’s F250s and F350s dominate the list. In Atlantic Canada, the Nissan Maxima is stolen most often, followed by the Chevy Silverado and Jeep Liberty. Where…

Read More

Dec 6, 2018 80% of Canadian Drivers Believe Winter Tires Saved Them from a Potentially Hazardous Driving Situation

Canadian Drivers Believe Winter Tires Saved Them Eighty per cent of winter tire owners believe driving a vehicle equipped with winter tires has saved them from being involved in a potentially hazardous driving situation such as loss of control or a collision, according to a new consumer survey commissioned by the Tire and Rubber Association of Canada (TRAC). “Canadian drivers who have embraced winter tires have spoken and provided this very telling insight,” says Glenn Maidment, President of TRAC. “They confirmed what we already know—that the superior performance of winter tires has a place in Canada, and that their greater grip and significantly shorter stopping distances on all cold-weather road surfaces keep Canadians safer on winter roads.” TRAC’s 2018 Canadian Consumer Winter Tire Study also…

Read More

Nov 16, 2018 Car Insurance Impact of 2018 Ontario Economic Outlook

Yesterday, The Government of Ontario released their Fall Statement – 2018 Ontario Economic Outlook and Fiscal Review. This 174 page document obviously covers a lot more than just insurance, but of particular interest to us and our clients is the statements regarding car insurance. One section reads as follows: “Making Auto Insurance More Affordable – The government is committed to lowering auto insurance rates to make life more affordable for the nearly 10 million drivers across the province. The government is working with stakeholders across the auto insurance system to explore options to lower rates in a responsible way, while ensuring that the needs of the people are served.” This is of extreme importance to us, our clients and all drivers…

Read More

Nov 13, 2018 Winter Tire 101

It’s no secret that getting from point A to point B in the middle of a Canadian blizzard can be tough, to say the least. Thankfully, there’s one simple step you can take towards a smoother, safer — and even cheaper — winter drive: installing a set of quality winter tires.   Why use winter tires? As the temperature drops, all-season and summer tires can stiffen and start losing their elasticity, which can lead to decreased traction and poor performance. The rubber used in winter tires, on the other hand, is designed to stay flexible even in extremely chilly weather, so you’ll get a better grip on that slippery side street.   Are winter tires good for driving on ice and slush? Although they’re…

Read More

Sep 14, 2018 Insurance Fraud 101: How to Steer Clear of Staged Car Accidents

Picture this: You’re waiting to pull out of a parking lot, but traffic isn’t letting up. Finally, someone slows down and waves you through, so you look both ways and pull in front of him, waving a quick thank-you. And then, WHAM! The same driver who let you in speeds up and slams into you. When you get out of your car to ask him what happened, he says he didn’t expect you to drive into him…but not to worry, it’s no big deal — this has happened to him before and he knows just what to do. This is just one of several common “accidents” staged by (seemingly innocent) fraudsters hoping to score some quick cash, and they aren’t afraid to drag honest people like you into their…

Read More

Aug 29, 2018 Tornado in Ottawa ─ How Does this Affect You?

Tornado warnings have been a common sight and sound this Summer. If you’ve seen pictures or video of this natural disaster, you know tornadoes are no joke.  It can blow out windows, launch vehicles into the air, tear the roof off homes and severely damage the structural integrity of buildings. It does lead you to think, does your home policy cover you for damage caused by a tornado? Am I Covered? Damage to homes caused by hail or wind is generally covered. This includes damage caused by flying debris or falling branches. This would also generally include damage to your home and its contents when water enters through openings as a result of the wind or hail damage. In certain circumstances,…

Read More

Aug 28, 2018 10 Best Back-to-School Cars for Students

With the new school year approaching, many students and parents are considering the transportation needs of getting to class, home and various other activities. To help students and parents narrow down their choices, U.S.-based Kelley Blue Book has announced their picks for the 2018 Top 10 Back-to-School Cars. How They Were Chosen Each pick was chosen with safety, affordability (a plus for parents) and practicality in mind. Kelley Blue Book believes this list has something both parents and students will like. “It’s not always easy to get parents and students to agree, but this list of new cars can serve as common ground. When choosing these best back-to-school cars, we started by gathering a list of vehicles with a Kelley Blue Book Fair…

Read More

Aug 23, 2018 Renters Insurance: What is it and Who Needs it?

One of the most common myths about insurance is that renters just don’t need it, plain and simple. Your landlord has insurance, so you’re covered, too…aren’t you? Not to burst your bubble, but whoever started that rumor was terribly misinformed. In the event of a fire or extensive damage to your building, your landlord’s insurance would likely cover the walls around you and any major appliances that came with your unit, but everything else is on you. This is where renters insurance comes in. Renters insurance, sometimes referred to as tenants insurance, doesn’t just cover the items inside your rented space — it can protect you in ways you never even knew you needed. Let’s take a look at some of the biggest perks.

Read More

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