Insurance
Having your stuff stolen is a problem as old as time itself. Unfortunately, taking all possible precautions to safeguard your valuables may not protect you from being a victim of theft. Of course, that’s one reason you have renters’ or home insurance. But what about your belongings that disappear outside of your home? Does home […]
Square One insurance is a relatively new Canadian digital-first insurance broker, having opened its doors in 2011. The business operates from the Square One head office in Vancouver, one of only four offices in the country. Square One Insurance is bringing the industry into the 21st century with its digital sales and service support design. […]
A housewarming party is super fun. But in a condo, a soiree gone south could leave you financially hungover. Or worse, the knucklehead upstairs could leave a candle next to a box of tissue. Imagine forking over a 6-figure downpayment in Toronto, then losing it all to happenstance. Uh oh, you should have had homeowners […]
Condos are becoming popular home choices for many Canadians as more people move into urban centres. Condos can be a great living choice, but you need to be aware that these buildings have bylaws and rules that must be followed. Even though you may own and pay the mortgage for a unit, condo residents are […]
A single limit of endorsement can save you money and stress… if you have it. Home insurance documents can be boring to read, but you need to go through all the terms and conditions to ensure your property is adequately covered in the event of a loss. Some insurance policies are standard, while some are […]
Say that you are due a settlement after filing a home insurance claim for damages or loss to your property. Who will get that money? Is it possible to have a home insurance payout instead of repair costs paid directly to the contractors? The short answer is “Yes.” It is possible to have a home insurance […]
The short answer is yes. Even though it is not mandatory in Canada, home insurance can save tenants a lot of trouble. Here you’ll find a brief overview of an essential tool that will give you peace of mind at all times. According to the Insurance Bureau of Canada (IBC), 37% of tenants did not purchase home […]
A letter of experience for insurance is a document that provides your insurance company with information about your car insurance or home insurance history in order to personalize your insurance quote. You want to get a letter of experience from your previous insurance companies so that, hopefully, you will get a better premium. In this […]
Mobile homes have unique features and vulnerabilities and do not qualify for traditional homeowners insurance. A mobile home or manufactured home insurance policy provides coverage for your mobile house. As well as your personal belongings, land structures, and personal liability. Having a mobile home insurance policy is not a legal requirement in Canada. However, most […]
Sonnet Insurance wants to make your life easier because buying insurance is often a task at which people recoil. Trying to find the insurance company with the best rates and most extensive coverage can be a huge time suck. To make matters worse, buying insurance often goes along with some of life’s most stressful events, […]
Co-insurance is a cost-sharing agreement between policyholders and insurance companies. Many home insurance policies have a co-insurance clause within the insurance contract. This clause requires policyholders to hold a certain amount of insurance equal to the suggested percentage of their property’s value. It is a protection for the insurer and the policy holder. We explain […]
Economical is a Canadian Property and Casualty (P&C) Insurance Company offering, among other things, car insurance, home insurance, agriculture insurance, and surety insurance. They also own the direct-to-consumer (DTC) insurer Sonnet. In late 2021, Economical announced that they had officially completed demutualization. This is the process of transitioning from ownership by policyholders to ownership by […]
