Types  Available

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.

Where to Purchase

You can buy coverage from several different sources.  The four main sources are:

  1. a licensed agent
  2. a registered  broker
  3. an insurance company
  4. a lender when you apply for a loan

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.

Finding the Best Price

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.

What are the Criteria?

Depending on the coverage you are looking at different criteria will be applied.  In general, companies or agents will look at the following:

  • age
  • gender
  • medical history (life insurance or disability insurance)
  • previous claims you’ve made
  • amount of coverage

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.


Best Pet Insurance In Canada

According to an Abacus Data survey from 2021,* 56% of Canadians say they have at least one pet in their household. And, unsurprisingly, when asked if their pet(s) brought joy into their lives, a near-unanimous 98% of respondents said yes. We Canadians love our animals and want them to thrive and continue to be important family members for as long as possible. One way to help protect your companion, and ensure that an emergency or illness won’t cause financial worry? Pet insurance — in Canada, there are plenty of places to find a great policy that works for you. Scroll down to learn more about this type of insurance, what it generally covers, the cost, and our picks for the best pet insurance in Canada. How much do pet owners spend on their pets in Canada? Food. Toys. Treats. Paw protectors. Beds. Little sweaters. Raise your hand if you spoil your cat, dog, or other pet? Let’s not also forget

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Car Insurance In Canada: A Complete Guide

Insurance is largely seen as one of those “glad to have it, hope I don’t need it” types of expenses. As we like to say, insurance isn’t about paranoia, it’s about protection. But for car insurance in Canada, specifically? Well, you actually NEED to have it, by law. Driving a car is an essential part of everyday life for many Canadians. In fact, there were over 35 million total vehicle registrations in 2019. As you can imagine, that’s a whole lot of potential accidents. Between daily commuting, road trips, and running errands, you want to make sure your car and the people in it are going to be covered if anything happens. Let’s look at car insurance in Canada, what coverage you need, and how to find a policy that works for you. What is car insurance? Insurance is an agreement, that should you need it, your insurer will cover the costs associated with illness, damage, or losses. In exchange,

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What is Tenant Insurance? A Complete Guide

Finding a new apartment can be a very exciting and busy time. Between moving, buying new furniture, decorating, and unpacking, there is a lot to handle! It can certainly be stressful and overwhelming at times. However, one thing that is critical to think about and not forget before moving into your new place? Tenant insurance. This complete guide covers what it is, what it costs, and how to get it. What is tenant insurance? Tenant insurance protects both you and your belongings if you rent instead of own. If you unintentionally damage the apartment you rent, tenant insurance can save you from having to pay for everything out of pocket. Tenant insurance will also protect the items in your home or apartment from things like theft, vandalism, and other damage. What does tenant insurance cover? The answer? It’s actually quite broad. It could be your clothing, your furniture, your jewelry, your technology, and many others. Because of this, it’s often

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What Is Home Insurance?

Insurance is one of those things that you pay and pay — and pay. Yet, you hope you never actually have to take advantage of the service you’re paying for. It’s there for times of trouble or disaster. And you need to have that peace of mind, but it comes at a price. And protecting your biggest asset with home insurance is essential.

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What Is Travel Insurance And Do I Need It?

You’ve booked your flight and hotel. Now all you have to do is start looking up things to do and places to eat, right? Not necessarily. To create a stress-free trip, it’s also important to consider protecting yourself from some of the pitfalls of travel. But what exactly is travel insurance, and do you need it?

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What Is Life Insurance?

Being an adult comes with a host of expenses that you can’t avoid, like food and shelter. Far too many people wince at adding the cost of insurance to their list of fixed expenses. But, life insurance is not a variable expense.

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