News & Blog: Personal Insurance
Covering the insurance-related issues and developments that matter to our personal and business clients.
Dec 14, 2016 IBC Releases 2016 Top 10 Stolen Vehicles in Ontario List
Since 2003, the Insurance Board of Canada has produced an annual top 10 stolen vehicles in Canada list. IBC also reports on the top 10 stolen vehicles and trends in organized auto theft for specific regions in Canada. The statistics IBC publishes are based on actual insurance claim data, collected from most automobile insurance companies in Canada. These companies write most of the automobile insurance in the country. IBC represents more than 90% of the non-government home, vehicle and business insurance companies across Canada. It is highly regarded as a provider of automobile insurance rating information. “For the second consecutive year, auto theft across Canada and Ontario has increased,” said Kim Donaldson, Vice-President, Ontario, IBC. “After large declines in auto theft activity over…Read More
Nov 3, 2016 Do it for the Safety or Do it for the Savings – Just Do It!
The government of Ontario has made numerous efforts to drive down the cost of car insurance for drivers in Ontario. As always, we support anything that helps our clients save money on their car insurance – especially those initiatives that encourage safer driving. When shopping for winter tires, it is important to look for a tire that displays the Three-Peak Mountain Snowflake Symbol (Also referred to as the ‘Alpine” symbol) on the sidewall. Transport Canada acknowledges that tires displaying this symbol meet the specific snow traction performance requirements,and have been designed specifically for use in severe snow conditions. When shopping for winter tires, it is important to look for a tire that displays the Three-Peak Mountain Snowflake Symbol (Also referred to as…Read More
Oct 21, 2016 Oh…and I Have to Remember to Call and Cancel My Boat Insurance
ME: WHAT?!? Why are you cancelling? CLIENT: Well, it’s the fall and I can’t use my boat in the winter Just because your boat isn’t in the water, that doesn’t mean that things can’t go terribly wrong. Your boat could be stolen, the storage facility could catch on fire, rodents could damage it, the weight of snow and ice can wreak havoc ─ the list goes on. Proper boat insurance gives you so much more coverage than you may even realize. It is important to note that not all policies are created equal. Make sure you deal with a broker who knows boat insurance and who can protect you against the perils of winter. How sad would you be on that first beautiful day…Read More
Sep 16, 2016 The Crazy Fisherman Insurance Clause
Written by: Heather Bonadie Do you have the “Crazy Fisherman Insurance Clause”? This is definitely not a clause you will find written in any “official” boat insurance document. The fishermen that need the “Crazy Fisherman boat insurance clause” don’t think they are crazy, they just love fishing…. but is their loved fishing boat properly protected? Let me try to explain with a bit of analogy. Most people who are not passionate golfers, would think going out as soon as the courses open… or the last day before they close when snow flurries are flying around – would be crazy! Picture that golfing nut out there – barely able to hold their clubs because their fingers are frozen – just so they can get…Read More
Sep 15, 2016 How Close is Too Close When Driving Behind Someone?
We’ve all been there. Keeping a safe distance behind the driver ahead of you, only to be tailgated by someone behind you. You say to yourself, “Man, I wish he would buzz off!” What if this driver wasn’t in a hurry, but was just at a distance that he considered to be safe just like you were with the car in front of you? Some people keep the same distance between someone regardless of the speed they are traveling at. This is a HUGE mistake. Your reaction time is the same whether you’re going 10km/h or 110km/h, however your car will obviously not react the same. There are many factors that determine vehicles stopping distance including, but not limited to; SPEED – #1 factor.Read More
Aug 23, 2016 Top 10 Best Cars for Students Going Back-to-School
With the new school year soon 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 2016 Top 10 Back-to-School Cars. Each pick was chosen with safety, affordability and practicality in mind and Kelley Blue Book believes this list has something both parents and students will like. “Safety is the paramount decision when it comes to back-to-school cars, practicality and affordability are also high on the list of desirable characteristics, at least according to parents,” said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book’s KBB.com. “The kids involved also prefer…Read More
Jul 27, 2016 10 Things Drivers Should Know About Motorcycles
There are approximately 708,700 motorcyclists are back on Canadian roads since the start of the warmer weather. With the increase in motorcycle traffic, it’s a good reminder for all drivers to share the road with motorcycles, and riders to be reminded to make themselves more visible to others.There are approximately 708,700 motorcyclists are back on Canadian roads since the start of the warmer weather. With the increase in motorcycle traffic, it’s a good reminder for all drivers to share the road with motorcycles, and riders to be reminded to make themselves more visible to others. Here are 10 things drivers should know about motorcycles: Over half of all fatal motorcycle crashes involve another vehicle. Most of the time, drivers of vehicles, not the motorcyclist,…Read More
Jul 15, 2016 Bicycle Safety Tips
Cycling is a fun and healthy activity that provides you with an inexpensive way to get around and explore. It’s good for the environment and requires no registration, plates, licences or insurance. With the warm weather and start of the summer for many school aged kids, it is important to learn and follow the rules of the road. As a cyclist, you must share the road with cars, pedestrians and other cyclists ─ just like any other vehicle. You must obey all traffic laws and you have the same rights and responsibilities as drivers. Helmets By law, every cyclist under the age of 18 must wear an approved helmet and the fine for not wearing a helmet is $75. It is strongly recommended…Read More
Jun 30, 2016 How the Car Repair Process Works
If you’ve never been in a car accident, you may not know what happens when you bring your car to a repair shop. We’ll walk you through how the process works at a reputable collision repair centre. Before you bring your car anywhere, however, it’s important that you call your insurance broker. Not all repair facilities are approved by all companies – but that’s for your protection. An approved repair shop generally provides reliable service, competitive prices and may provide other benefits as well. If you have your car taken to an unapproved company your insurance may not guarantee the repairs. Once you know your car is in good hands, here’s the usual process you and your car will go through. Please note that…Read More
May 27, 2016 Car Insurance Reform 2016 – What does this mean to Car Insurance Clients?
To help stabilize car insurance rates, The Ontario Government has implemented changes to auto insurance. Several measures are aimed at reducing fraud and abuse of the system which increase premiums for car insurance clients across Ontario. Another round of changes take effect on June 1st, 2016. What does this mean for car insurance clients? Does this mean cheap car insurance for everyone? – Unfortunately, that is not the case. In this round of changes, the result is that many insurance companies are taking average car insurance rate reductions in the range of -2% to -5%. This is a step towards trying to keep insurance premiums affordable for car insurance customers in Ontario. It does not mean that every client will see a reduction – there…Read More