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Common Auto Insurance Endorsements, and What They Mean

Auto insurance is designed to protect you and your vehicle when you need it most — but all policies have limits and exclusions, and you may want to add extra coverage to make sure you’ll always be protected. The province of Ontario mandates that you carry the minimum coverage, which includes third party liability coverage, statutory accident benefits coverage, direct compensation coverage, and uninsured automobile coverage. However, there are situations where you will want or will be required to have additional coverage, often in the form of endorsements. In the insurance world, an “endorsement” is a change to the coverage outlined in your insurance policy (...)

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Condo Insurance And Why You Need It

Condominium purchases in Canada are on the rise. According to the Canadian Mortgage & Housing Corporation (CMHC) the new construction of multi unit housing developments (condos) rose by 3.7 per cent in 2015, and why wouldn't it? Condo ownership provides a care-free lifestyle that most often eliminates the need for any lawn mowing, gardening, or snow removal. It's also an attractive option for both first time home buyers (...)

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2016 Reform – Changes to the Accident Benefits Coverage

The Financial Services Commission of Ontario (FSCO) has released another auto insurance reform for 2016. Some of these changes might have affected your insurance policy already, such as the winter tire discount (January 1st), but most of these changes won't be effective until June 1, 2016. They consist of items like raising comprehensive deductibles and lowering interest payments (...)

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Hackers Black Hat

Hackers: Affecting Small Businesses

It should be of no surprise that in today's society with technology advances, social media, and new privacy laws, that cyber threats have become a growing concern among businesses. These threats are not just for large retailers either like Walmart or Home Depot, hackers are targeting small businesses as well (...)

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Tenants Insurance, Why Have It?

Not everyone has tenants or renters insurance, but all renters need it. The price for this coverage is relatively minor too, given that the average policy ranges from $200 - $500 a year. If you bundle a tenants policy with an automobile policy most insurance companies will give you a combined policy discount, that could potentially save you $200 - $500 on your automobile policy, making the tenants policy almost free! (...)

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