Insurance

While all motorists are required by law to have car insurance, most people couldn’t be bothered to shop around and make sure they’re getting the right coverage at the best price. If you’re anything like me, you might not have even changed insurance companies since you first started driving! How do you know when it’s…

I’ve been gathering information on disability insurance and critical illness insurance for a self-employed client in Ontario. It’s frustrating that this information isn’t more widely available online. I wondered if it was because each policy is just so unique to the individual, but I thought there must be a standard formula by age, gender, and…

Canadians tend to be complacent when it comes to their finances. You bank at the same place where you first opened an account. You get your car insurance through the same company year-after-year, blindly accepting their annual increases because it’s a pain to shop around But the fact is we need to shop around regularly…

Insurance is one of those budget items that you hate to pay, but you’re really happy to have it if you need to make a claim. There are, however, popular misconceptions that many people believe that will, unfortunately, cause them to be underinsured or improperly insured. Do you believe these common myths about insurance? 5…

Whether you are hard to insure or have been declined for life insurance in the past, getting the coverage you need may seem impossible, but there are a few things you can do to help maximize your chance of being approved for life insurance. There are many reasons why insurance companies may decline coverage or…

Did you know that your chances of living to 100 years old are now better than ever?  Living a long and fruitful life may be seen as a great gift. However, the chances that a 65-year-old will require long term care at some point in life are 49 percent for men and 65 percent for…

Thousands of homes were damaged when the Bow and Elbow rivers flooded in Alberta this summer.  Provincial government estimates show well over $5 billion will be needed to rebuild infrastructure. Bad weather and catastrophic events have been the norm in recent years, and now it’s starting to show up in our home insurance bills.  Insurance…

As snowbirds plan their annual trip down south, one question is whether or not to get travel insurance.  The answer is they probably should. Insurance is necessary to protect ourselves from big medical bills when we travel out of the country.  So whether it’s a 24-hour cross border shopping trip, or a two-month trip to…

The weather in southern Alberta has been brutal this summer. When a huge storm rolled through Lethbridge on the evening of July 6th, we watched in horror as golf ball sized hail stones pummelled our house and vehicle. We did a quick survey of the damage; a few pieces of siding blew off the house,…

When I recently received my homeowners insurance renewal documents, included was a letter explaining why the rate was increased.  It stated how “severe catastrophic events worldwide continues to be a leading cause of loss for insurance companies,” blah, blah, blah. “So what” I thought, “I don’t live in a hurricane/earthquake/tsunami prone area.  What does this…