Insurance
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, […]
Property insurance policies include various options for liability or property protection. Examples of property insurance packages include homeowner’s insurance, renters, condos, mobile homes, commercial, and flood insurance. This guide reviews several types of property insurance options available in Canada. Property insurance terminology Before considering several property insurance options, let’s compare a few related terms commonly used […]
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 […]
If you’ve just bought a new house and you are looking for good homeowners insurance coverage, you’ve come to the right place. This guide will teach you everything you need to know about homeowners insurance. Ideally, you should consider purchasing insurance after your purchase offer has been accepted. If you financed your home purchase with […]
Buying real estate involves several costs of which many buyers are unaware. With today’s home prices, coming up with the minimum 5% or 20% down payment is no easy feat, so it may seem like this should be enough to cover the cost of buying a house. However, before ever making a mortgage payment, buyers […]