As an insurance broker, we have the pleasure to deal with multiple insurance companies and can offer clients the best price from all insurance companies. In many cases, Chieftain insurance comes back with a very competitive premium. After a brief summary of the policy package, many clients become curious as to what the specific differences exist between Chieftain and other insurance companies. I have been offering Chieftain insurance products for many years and wanted to write a quick post about what makes this company unique compared to other insurance companies. I am also currently insured w ..read more

A home insurance policy consists of four main coverages: dwelling, personal property (contents), detached private structures and additional living expenses. The Single Limit clause is an option you can add to your home insurance policy which allows you to combine (or shift) the limits of each of those four coverages mentioned above. Lets create a sample home insurance policy. Coverage A Dwelling: $150,000 Coverage B Detached Structures: $50,000 Coverage C Personal Property: $ $50,000 Coverage D Additional Living Expenses: $20,000 Using the figures above, lets assume you are sent out to a hotel ..read more

If you read my previous blog post The Importance of a Clean Driving Record in Ontario, you will know that getting cancelled by an insurance company is one of the worse things you can have on your insurance record. What is a Non-Payment Cancellation? As the name implies, if you do not pay your premium, the insurance company will cancel your policy. Luckily, getting cancelled for non-pay is a long process which can take up to 60 days. The process looks something like this: A payment is missed The insurance company is usually notified of the missed payment within 10 days. The company sends out ..read more

If you ever had a discussion with anyone in Ontario about car insurance, you will know that the rates are very high. Add in a ticket or an accident, and the rates could become completely unaffordable to the average income earner. So how can you get the lowest car insurance rate? Let’s find out! The first thing we need to do is find out what exactly causes a high car insurance rate and if there is anything we can do about it. Secondly, we will discuss how to find insurance quotes. Finally, we will talk about maintaining a low car insurance rate as well as securing your rate from potential acci ..read more

The insurance industry is one which is constantly changing. It is a mature industry with many moving parts. This makes it much tougher to adapt at a pace seen in the tech industry. Here are a few predictions by Filip Ambroziak for 2023. 1. Technological Updates In 2023, the insurance industry will continue to adapt the latest technologies which help speed up quoting and helps create accurate rates. We expect to see more quoting systems similar to Wawanesa offering which recognizes current active clients. Clients can be sure that renewals offered will be similar if not identical from brokerage ..read more

2021 was certainly a year which took a lot from us in Ontario. We had to shut down restaurants, gyms, events and so much more. Jobs were put on hold and careers were changed. Used cars have increased in price and many clients struggled to find affordable options.  One issue that hasn’t slowed down is auto thefts. According to a report by Hellosafe, one car is stolen every 48 minutes!  Over 47% of all vehicles stolen are SUVs. This makes sense as these vehicles are more costly and in higher demand compared to sedans. This makes it a profitable choice for thieves.    10 Mo ..read more

If your parents are coming to Canada or have already arrived, the most important insurance coverage that they should purchase is called Visitors-to-Canada insurance. This will cover your parents in the event of an emergency that requires hospitalization. Without Visitors-to-Canada insurance, your parents may have to pay out of pocket for all medical expenses. That can be quite costly in Canada. When purchasing a Visitors-to-Canada insurance policy, you will have several coverage and deductible options. The most common coverage amount is $100,000. The more coverage you purchase, the higher the ..read more

The Family Protection coverage is one of the few that should be mandatory but is not. It does not come standard so be sure to review your policy and ensure it is added. The Family Protection coverage or OPCF 44R exists to protect the insured in the event that the driver who caused the accident does not have sufficient third-party liability coverage. The coverage is dependent on two factors: The injured party’s third party liability limit as well as the other party’s limit. Should the at-fault party’s liability not be sufficient to cover the injuries of the victim, the injured party can claim t ..read more

As an insurance broker, one of the most common questions I receive is “why have auto/home insurance rates gone up so much?”. This is a fair question especially that a majority of people asking are great drivers with great records. Today’s blog post was inspired by a recent Reddit discussion I had with some fellow PFCers (Personal Finance Canada). A user went on the forum and simply asked “Has every car insurance company raised their rates?”. I just had to have my say. As always, the forum members were very appreciative of my answer. So why have insurance rates gone up and seem to go up every ..read more

Today I wanted to discuss something obvious to people who have been living in Ontario for some time, but may not be as obvious to newcomers. The importance of a clean driving record. Today I made about 4 “high-risk” quotes. Whenever I make a quote for someone who falls into high-risk, I genuinely feel sorry for them. It’s usually someone who made a small mistake which turns out to be a very costly one. What is a high-risk driver? A high-risk driver is someone who is viewed as a likely person to be involved in an accident which obviously the insurance company would have to pay for. To get this ..read more