News & Blog: Personal Insurance
Covering the insurance-related issues and developments that matter to our personal and business clients.
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
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