News & Blog: Personal Insurance
Covering the insurance-related issues and developments that matter to our personal and business clients.
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
Mar 6, 2018 Planning a trip this March break?
With your vacation right around the corner, you’re busy preparing everything that goes along with taking off to a sunny destination; getting the whole family packed, running around to pick up the last couple items needed and confirming your reservations with the airlines/hotels are only but a couple things that you have to do before jetting away. But before you jump on that plane, have you thought about travel and health insurance? Although our provincial health plan may cover certain unforeseen costs that may be incurred while traveling it doesn’t always cover out-of-country travel. As an example, you and your family are traveling to a sunny destination such as Mexico and someone in your party severely injures themselves while out on an excursion. They…Read More
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…Read More
Nov 13, 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…Read More
Oct 27, 2017 Don’t Ask, Don’t Tell ─ Pay Big!
Disclose All Licensed Drivers in the Household to Ensure Your Car Insurance Will Cover You When You Need It Most! Sometimes the saying goes, “If they don’t ask, then don’t tell!” That is categorically not the strategy to take when dealing with insurance. Use your Insurance Broker as your sounding board and talk to them about your circumstances, so they can act on your behalf and provide you with advice when buying car insurance, home insurance, renters insurance, and even insurance for your business. One thing that people may think is not important … or “none of the insurance company’s business” is all the licensed drivers in the household. The thought process may go something like this, “I am insuring my car – the…Read More
Sep 1, 2017 Off to University or College? Insurance Class is in Session
Books – ✔ Pencils – ✔ Laptop – ✔ Insurance – …………??? When students leave home to attend school, there are a lot of things to consider. For many, it will be the first time living on their own, bringing with it new responsibilities. Insurance is one of those responsibilities that it is time to learn about… before classes start. Luckily we are here to help, so listen up and ace Insurance Protection 101! Class is in Session Lesson #1 Contact your Rhodes & Williams Insurance Broker before you head off to University. Not with Rhodes & Williams? (shame on you! ;-)) Contact your insurance representative. Whomever looks after your insurance should be there as a resource to answer your…Read More