Jan 18, 2021 5 mistakes homeowners make when buying insurance & how to avoid them

When it comes to buying home insurance, there are a few mistakes that are easy to make. From underinsuring your home or belongings to expecting coverage for things that simply aren’t included in your policy, we’re here to help you avoid these mistakes so you can be confident in your coverage when the unexpected happens. Basing your policy limit on your home’s market value When you’re buying a home insurance policy, you might think it makes sense to base your coverage limit on the market value of your home. But in reality, the cost of the materials and labour required to rebuild your house could be significantly higher than its market value — so you could be left underinsured in the event that your home…

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Apr 17, 2020 What does a ‘hard market’ mean for insurance customers?

If you have home or car insurance (or if you’ve recently been shopping for insurance), you may have heard that the Canadian insurance industry is in the middle of a hard market. Even if you’ve never heard the term “hard market,” you may have experienced the effects of one as an insurance customer. We want to make sure you understand what a hard market means for the insurance industry — and, more importantly, what it could mean for you. What is a hard market in the insurance industry? Insurance companies rely on premiums and investment income to pay claims — premiums alone aren’t enough, especially as claims continue to become more frequent and more expensive. So, in a time period with low investment returns and…

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