There are many different types of policies you can get in Canada. Do your homework to ensure your family has the coverage they need. The main types offered are life, car, health, home, as well as disability insurance. There is also employment insurance (EI) that the government of Canada provides as temporary income to support unemployed workers while they look for employment or to upgrade their skills.
You can buy coverage from several different sources. The four main sources are:
A life policy can only be purchased through a licensed insurance agent. Also, you can purchase travel health insurance through numerous travel companies or auto associations.
When looking to add coverage make sure you shop around to find the best value. Check and determine if any of the associations you might belong to have lower rates based on group policies. Also, be sure you are comparing apples-to-apples and read the policy carefully.
Depending on the coverage you are looking at different criteria will be applied. In general, companies or agents will look at the following:
When entering into an agreement like this, ensure that you are answering the questions accurately and honestly.
There are many things to consider when looking for types of insurance coverage.
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An insurance broker helps to review your current lifestyle and provide guidance on the insurance that will best meet your needs.
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