Question 1

What should I look for when buying home insurance?

Accepted Answer

One of the most important things to look for when buying home insurance is guaranteed replacement cost. This is an evaluation that takes into account how much it would cost to rebuild your home from top to bottom in the event of a total loss.

When looking for home insurance, you should also keep water damage and sewer backup coverage in mind. Water has caused the most damage for homeowners in recent years, and it's important to be protected!

Question 2

Do I need business insurance?

Accepted Answer

Business insurance is not a legal requirement like car insurance. However, business insurance will give you peace of mind so you that you can focus on the growth and success of your business.

Question 3

Do I need business insurance to drive to work?

Accepted Answer

If you're driving to your nine to five and don't have a pickup truck full of power tools, you most likely only require personal insurance. Talk to a broker to make sure!

Question 4

Do you need business insurance to deliver pizza?

Accepted Answer

Yes! Don't make your first delivery until you've spoken to an insurance broker. Once you've got the right coverage, feel free to bring pizza to our office.

Question 5

Do you need special insurance for DoorDash or any other delivery service?

Accepted Answer

If the company you’re delivering for has their own policy in place to protect their drivers, you may not need additional insurance. An insurance broker can help you figure out what you need to do before you start making those deliveries.

Question 6

What is the benefit of an insurance broker?

Accepted Answer

An insurance broker knows insurance inside and out. When it comes to insurance, brokers don't go with a "one size fits all" approach. We know what questions to ask so we can find a solution that makes sense for you. The biggest benefit of going with a broker is having peace of mind knowing the things most important to you are protected.

Question 7

How do insurance companies determine premiums?

Accepted Answer

Insurance companies determine premiums in different ways. When it comes to car insurance, there are a lot of factors:

Your insurance history. How long you’ve been insured in the province you’re looking to get insurance in is one thing the insurance company considers.
If you’ve been in any accidents or if you’ve received speeding tickets, the insurance companies will take that into account.
How you use the vehicle is important. Is it for personal use, or is it part of your business?
Companies take into account how much you drive. If you have a long commute it could increase your rate.
Where you live is a huge factor in determining your rate.

When determining home insurance premiums, the factors are different:

Your claims and insurance history
Where you live
What coverages you’ve selected. When it comes to home insurance, there is a lot of optional coverages to consider which will affect the premium.

Question 8

Does my location affect my auto insurance rates?

Accepted Answer

Yes, where you live is a factor that will affect your insurance rate. Insurance premiums vary by province, city, and even postal code.

Let’s start with the province. Different provinces have different insurance rates. Insurance is something that’s regulated provincially, so the level of regulation affects how flexible insurance companies can be on pricing.

Cities and neighbourhoods can also vary greatly when it comes to insurance rates. If you live in a location where there are a lot of accidents, you might pay a higher rate. If theft and crime are common in your area, that might also result in a higher rate.

Before you pack up and move to save on insurance, talk to a broker! We can explain all the factors that affect your rate. We will help you find an insurance plan that fits your life, whether you live downtown, in the country, or anywhere in between.

Question 9

Does my age affect auto insurance rates?

Accepted Answer

Yes, your age is a factor insurance companies take into consideration. If you are younger, you will likely pay more for insurance. We know it’s not fair, but young people are statistically more likely to get into an accident due to lack of driving experience. As you keep driving and build up a record of clean driving, your rates can go down. So keep your eyes on the road, and your hands on the wheel!

Of course, there are always exceptions to the rule. In some cases, someone who is older will pay more for insurance. This is because insurance companies take driving experience into consideration. For example, someone who is forty, but just got their license will likely pay more than someone who is thirty and has been driving for ten years.

Question 10

Does my marital status affect my car insurance rate?

Accepted Answer

Some insurance companies take your marital status into consideration. And we hate to break it to all the lonely hearts out there, but common-law and married couples sometimes get a cheaper rate. It seems pretty unfair, but if the insurance company has determined that couples get in fewer accidents, they’ll consider single people a bigger risk, and their premiums will cost more. However, not all insurance companies take marital status into consideration. A broker can shop around different insurance companies to find the plan that fits your life, whether you’re single, married, or it’s complicated.

Question 11

Does my driving experience affect my car insurance rates?

Accepted Answer

Yes! Driving experience and driving history are factors insurance companies take into consideration when determining rates. If you don't have a lot of driving experience, you will likely see higher rates for insurance. If you have a long history of driving without accidents, you will likely have lower rates.

Question 12

I only drive on weekends, does this impact my car insurance rate?

Accepted Answer

Great question! Some people save money and spend less time in traffic by taking public transit to work during the week. If this is you, be sure to tell your insurance broker. The amount of time you spend driving is something insurance companies consider when determining premiums. The more time you spend behind the wheel, the more likely you are to get in an accident, and this can affect how much you pay for insurance. Explaining your driving habits to your broker will allow them to find you the best possible rate.

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FAQs

What should I look for when buying home insurance?

Do I need business insurance?

Do I need business insurance to drive to work?

Do you need business insurance to deliver pizza?

Do you need special insurance for DoorDash or any other delivery service?

What is the benefit of an insurance broker?

How do insurance companies determine premiums?

Does my location affect my auto insurance rates?

Does my age affect auto insurance rates?

Does my marital status affect my car insurance rate?

Does my driving experience affect my car insurance rates?

I only drive on weekends, does this impact my car insurance rate?

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FAQs

What should I look for when buying home insurance?

Do I need business insurance?

Do I need business insurance to drive to work?

Do you need business insurance to deliver pizza?

Do you need special insurance for DoorDash or any other delivery service?

What is the benefit of an insurance broker?

How do insurance companies determine premiums?

Does my location affect my auto insurance rates?

Does my age affect auto insurance rates?

Does my marital status affect my car insurance rate?

Does my driving experience affect my car insurance rates?

I only drive on weekends, does this impact my car insurance rate?