Insurance Broker in Orillia

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Orillia, Ontario is a wonderful place to call home. It’s also a great place to find insurance thanks to trusted insurance brokerages like BrokerLink. BrokerLink has made a name for itself as a go-to insurance brokerage in the area. For years, we have helped Orillia residents find home, auto, and business insurance policies (among others) that meet their needs. Learn more about how one of our local BrokerLink Orillia insurance advisors can match you with a great insurance policy.

Licensed and approachable Orillia insurance brokers at your fingertips

Navigating the world of insurance is no easy task (unless you’re a licensed insurance professional like those at BrokerLink, that is). Beyond the complexities of insurance, a lot of people simply do not have the time to reach out to a variety of insurance companies and compare rates. This is the exact reason that BrokerLink exists. We are an insurance brokerage that makes finding insurance (no matter the type you're looking for) entirely stress-free. We do this by finding you the best protection at the best rates.

Although customers can purchase insurance on their own nowadays, there are so many benefits to working with a broker. First and foremost, you are far more likely to find a policy that suits your needs if you are working alongside a professional whose mission is to do just that. Your dedicated Orillia insurance broker will ask you questions to better understand the type of coverage you require before going out and researching the best policies.

Connect with one of our fully licensed (not to mention knowledgeable and friendly!) Orillia insurance brokers today, and they will be thrilled to find a customized policy on your behalf. Not only will this policy suit your needs and budget but it may actually save you money. Get started by giving us a call, visiting us in person, or using our online quote tool to receive a free insurance quote. We promise you won’t be disappointed by contacting BrokerLink Orillia.

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BrokerLink Orillia insurance specialties

You want the best possible team of insurance specialists behind you when you’re looking for car, home, or business insurance. That’s what BrokerLink Orillia offers. We can help Orillia residents find a wide variety of insurance products:

Car insurance

Car insurance Orillia is important for all drivers. Why? For several reasons but one of them is that it is mandatory, which means it is illegal to drive without car insurance in Orillia. Beyond that, Orillia car insurance provides financial protection against a whole host of road risks. Our team of licensed professionals knows the insurance requirements for the Orillia community. We can match you with an auto insurance plan that meets both your needs and the province’s legal requirements. This way, you won’t risk being fined, having your driver’s license suspended, or worse, by getting caught d riving uninsured. Let the BrokerLink Orillia team find you a personalized policy to ensure you have the coverage you need to drive without stress in Orillia.

Get an auto insurance quote

Home insurance

A home is an important purchase - possibly even the largest purchase you will make in your lifetime. Whether you live in a townhouse, condo, single family home, or apartment, home insurance matters. Not only do you want to protect your physical home against damage but also the contents of your home. BrokerLink Orillia can help you find a policy that protects against all kinds of perils, from fire and theft to lightning, falling objects, windstorms, water damage, and more. We can even help you find a policy that provides extra coverage, like overland water coverage, home business coverage, sewer backup coverage, or equipment breakdown coverage. No matter what type of home insurance you are looking for - standard or comprehensive - the BrokerLink team is here and as always, will dedicate themselves to finding you a home insurance policy at a great rate.

Get a home insurance quote

Commercial insurance

Commercial insurance is another one of BrokerLink Orillia’s insurance specialties. We are committed to helping businesses of all sizes and industries find commercial protection. BrokerLink’s insurance advisors that are local to Orillia have years of experience working alongside business owners to help protect their businesses from risk. Let’s face it, as the owner and operator of an Orillia business, do you have time to be researching coverage options by yourself? No matter what industry you operate within or how many employees your company has, your time is better spent doing what you do best - managing your business. So you keep doing that while BrokerLink takes care of everything. We will find a policy that meets your coverage needs, regardless of what they are. From basic business insurance coverage like commercial property and commercial general liability to extra coverage like cyber liability, professional liability, and crime insurance, we will find it for you.

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Other insurance coverages that may be available to Orillia residents

Just because we specialize in home, car, and commercial insurance doesn’t mean that’s all the insurance we provide. A BrokerLink Orillia insurance advisor would be equally happy to help you find any of the following types of insurance:

  • Associations
  • ATV and Snowmobile Insurance
  • Farm Insurance
  • Cyber Insurance
  • Storage Unit Insurance
  • Employee Benefits
  • Life Insurance Broker
  • Landlord Insurance
  • Musical Instrument Insurance
  • Wine Cellar Insurance
  • Equine Insurance
  • Group Insurance
  • Travel and Trip Cancellation Insurance
  • Trailer and RV Insurance
  • Motorcycle Insurance
  • Identify Theft Insurance
  • Boat Insurance
  • Condo Insurance
  • Vacation Property and Cottage Insurance
  • Tenant and Renters Insurance

Is insurance mandatory in Orillia?

In some cases, yes, though it depends on the type of insurance you’re talking about. It is wise for Orillia residents to understand the insurance requirements in their city and province rather than assuming what is and is not necessary. We break down the requirements for home, car, and business insurance below, but if you are still unsure about whether you need coverage, contact an insurance advisor at BrokerLink:

Is property insurance required in Orillia?

Property insurance is not a provincial requirement in Orillia, or anywhere in Ontario, but it can be required by your mortgage lender or bank if you are buying a home with a mortgage loan. This is done to protect the mortgage lender, who is putting themselves at risk by approving your loan. For this reason, mortgage loans are often conditional on borrowers purchasing home insurance policies. On the off chance your bank does not require home insurance or you are buying a home with cash, property insurance can still be worthwhile. Further, renter’s or tenant insurance may also be required by landlords in Orillia. To protect their interests, a landlord may request that a tenant purchase insurance coverage to proceed with the lease agreement.

Is commercial insurance required in Orillia?

Commercial insurance might also be necessary, however, like home insurance, it is not government-mandated. Rather, the necessity of business insurance differs from industry to industry, and even sometimes from client to client. Some businesses, such as those that provide professional services, such as law firms, may be required to purchase professional liability insurance. In other cases, commercial insurance may be requested by a client. For example, if you are an independent contractor, you may need to purchase business insurance coverage to win over a client (purchasing this type of coverage often makes you look more established and can improve your reputation). No matter what type of business you own, and even if commercial insurance is not required, purchasing business insurance can have many benefits. BrokerLink Orillia can help you determine whether business insurance is mandatory for your situation, and if it isn’t, can provide further information on the advantages of having commercial coverage.

Is car insurance required in Orillia?

Unlike property and commercial insurance, the rules surrounding car insurance are more straightforward. This is because car insurance is mandatory throughout Ontario and is a legal requirement of the provincial government. This means that all drivers in Orillia must purchase valid car insurance policies. In Ontario and Orillia, drivers are required to carry policies that feature direct compensation - property damage coverage, uninsured automobile coverage, accident benefits coverage, and no less than $200,000 in third party liability coverage.

Please note that you may be required to purchase additional coverage above the minimum provincial requirements if you are leasing your car or purchasing your vehicle using a loan (lenders can request that borrowers purchase extra coverage, like collision or comprehensive coverage, on top of the standard coverage).

If you fail to purchase the designated insurance required by the province of Ontario and you are caught, you could be in serious trouble. For a first offence, you could face charges of up to $25,000 and the suspension of your driver’s license. For a second offence, you might be fined as much as $50,000, as well as have your licensed suspended. Whether you are purchasing your first-ever insurance policy or your current policy is up for renewal, BrokerLink Orillia can help you find a policy that meets your needs and budget, as well as the province’s mandatory requirements.

Tips to help you cut costs on Orillia insurance coverage

Are you looking to cut costs on your Orillia insurance coverage? BrokerLink Orillia is here. We aim to provide innovative and flexible insurance policies to Orillia residents at affordable rates. Tailor-made insurance coverage at competitive prices is our specialty. Beyond the financial benefits of letting an insurance broker help you (which we delve into below), we have a few other tips for saving money on Orillia insurance. They are as follows:

1. Rethink coverage for older cars

As you probably know, cars depreciate in value as they get old. For example, a new 2023 model might be worth 100% of its value when purchased, but it can depreciate in value by as much as 20% in the first year alone. That is a huge difference, and it doesn’t stop here. Experts say that vehicles continue to depreciate in value by roughly 10% in subsequent years. With this in mind, it seems logical that your coverage needs may change as the years go by and your car becomes less valuable. Thankfully, as the sole owner of your vehicle and of your auto insurance policy, you can rethink (and possibly) reduce coverage on your car to help you save money. Those that initially purchased additional coverage in the form of collision or comprehensive insurance when their car was new, may find that it is no longer necessary. If you have been driving the same car for years but have never adjusted your insurance coverage, we recommend speaking with a local insurance broker in Orillia. A BrokerLink insurance advisor can help you determine your coverage needs and ensure you are not overpaying for auto insurance. (Please note that if your vehicle is leased, it is wise to check with your lender or financing company before changing your coverage.)

2. Select a higher insurance deductible

Choosing a higher insurance deductible can help cut insurance costs on home, auto, or commercial insurance. In exchange for taking on more financial responsibility, your insurer is likely to lower your premium. Deductibles are typically written as dollar amounts (e.g. $250, $500, $1,000) or as percentages of the total value insured. Be careful when raising your deductible, though, as doing so can have consequences.

3. Pay insurance premiums on a yearly basis

Many Orillia customers do not realize that when they pay for insurance monthly, they are charged not only their premium but also administrative fees. These fees can add up, but there is a way to avoid them and that is by paying for your policy yearly instead of monthly. If you choose to pay for your insurance plan on a yearly basis rather than on a monthly basis, you only have to pay an administrative fee once. Therefore, paying for your insurance premium annually can prevent you from paying administrative fees eleven additional times.

4. Purchase multiple insurance policies through one provider

Did you know that buying multiple insurance policies through one provider might make you eligible for an insurance discount? It’s true. Insurance companies might be willing to reward your loyalty as a customer by giving you a discount of up to 15% off each policy you buy from them. So if you currently have a car insurance policy with one provider and a home insurance policy from another, you may want to consider switching them over so that you have them both under a single provider. Not only is this more convenient, but it can allow you to qualify for major discounts. (Note that this tactic works whether you are purchasing different types of insurance, such as home insurance + car insurance, or if you are purchasing multiple types of the same insurance, such as home insurance + tenant insurance or two car insurance policies).

5. Go “green”

Caring about the environment pays. Consider going “green” by purchasing a hybrid or electric vehicle and you could save on car insurance. Electric vehicles are becoming increasingly popular - and for good reason. These vehicles are known to emit significantly fewer carbon fumes than traditional, gas-powered cars. As a reward for lowering your carbon footprint, some insurance companies offer auto insurance discounts of up to 10%.

6. Find the best coverage at the lowest rates with BrokerLink Orillia insurance brokers

In terms of resources that can help ensure you pay the lowest rate for insurance, there is nothing better than an insurance broker. Insurance brokers at BrokerLink Orillia will outline a broad array of coverage options to help you make an informed decision about your policy. They can also inform you about different home, auto, and commercial insurance discounts you may be eligible for and can discuss your coverage options to ensure you only select those you need. Therefore, advice from a BrokerLink insurance broker is one of the best ways to save money on Orillia insurance.

We’re in your community

Getting involved in the community is a big part of who we are. We live and work in your community. We love meeting our neighbours!

Local Ontario Insurance Links

If you’re a member of a group or association, you may be eligible for more discounts.

Contact us

At Orillia BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.

You can reach us by phone, email, or in person at any one of our locations throughout Ontario. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.

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FAQs on Orillia insurance

Is it safe to buy Orillia insurance online from a broker?

Yes, it is safe to buy insurance online from a broker. In fact, it is one of the most convenient ways to do so. Many people prefer it because they can buy insurance from the comfort of their own homes rather than having to visit an insurance office in person.

What factors do insurance companies take into account when calculating Orillia insurance rates?

Insurance companies are known for considering a wide range of factors when calculating Orillia insurance rates. However, the exact factors that will come into play depend on the type of insurance you’re purchasing. For example, if you are buying car insurance, then your age, driving record, gender, location, marital status, and more may be considered. Meanwhile, if you are shopping for home insurance, an insurance broker is more likely to consider your home address, the value of your home, the size of your home, the age of your roof, the quality of the materials used to build your home, and your home’s proximity to emergency services, such as a fire hydrant, among others.

If you have any questions, contact one of our local branches.