Quality insurance coverage is just around the corner when you work with an insurance broker in Scarborough. From Scarborough car insurance to Scarborough business insurance, BrokerLink’s licensed insurance experts are here to help you find customized coverage that meets your needs. Learn more about our tailor-made coverage options below.
Licensed Scarborough insurance brokers have arrived
Get help from a licensed insurance professional and you can save time and money. Plus, you will benefit from tailor-made insurance coverage, since the experts at BrokerLink specialize in personalized insurance. A few of the most common types of insurance our Scarborough customers need help finding are as follows:
Scarborough commercial insurance
Commercial insurance is important for every single Scarborough business. No matter how small your business is, you need commercial coverage to protect you. The right policy can protect you from the day-to-day risks that come with running a business in any industry, such as liability claims, property damage, customer crime, and more. Contact BrokerLink and one of our commercial insurance specialists will take the time to understand your business’s needs and recommend coverage based on them.
Scarborough property insurance
Buying home insurance in Scarborough is part of being a responsible homeowner. Even if it isn’t required by your landlord or mortgage lender, it is still a wise decision due to the protection it offers. With home insurance, your home and the contents inside of it can be financially protected. This way, if your home suffered a loss or damage, you wouldn’t have to pick up the pieces on your own. A BrokerLink home insurance broker can help you find whatever type of home insurance coverage you desire, from the basics like dwelling coverage and contents coverage to extra coverage like home-based business coverage or sewer backup coverage. We can also help insure any type of property, from a rental property to a vacation home. Finally, BrokerLink’s team of home insurance specialists aims to make property insurance in Scarborough as affordable as possible, so we will also give you tips on ways you can save money, such as by taking advantage of home insurance tax deductibles. Learn more about our wide-ranging home insurance solutions by contacting BrokerLink today.
Get a home insurance quote
Scarborough auto insurance
Finding a great Scarborough car insurance policy just got easier thanks to BrokerLink. We know car insurance better than anyone and will leverage our resources and experience to find you tailor-made insurance coverage. We can match you with basic car insurance that meets the minimum coverage requirements in Ontario or more comprehensive coverage options that include optional coverage like accident forgiveness or collision insurance. We can even help you find a multi car insurance policy if you have more than one vehicle you would like to insure. Ultimately, whether you need help purchasing a brand-new auto insurance policy, renewing an existing policy, adding a driver to your plan, or filing a car insurance claim with your provider, you can get in touch with BrokerLink and a licenced car insurance broker will help.
Get an auto insurance quote
Dynamic insurance solutions for Scarborough customers
If you aren’t looking for home, business, or car insurance in Scarborough, we have news for you - these aren’t the only types of insurance we can help you find. Our team of friendly and knowledgeable insurance brokers has experience helping Scarborough customers find everything from life insurance to wine cellar insurance. We even have a staff of Scarborough boat insurance experts who can help you protect your watercraft from risk. Learn more about the wide variety of insurance services we offer below:
- Boat Insurance
- Condo Insurance
- Vacation Property and Cottage Insurance
- Tenant and Renters Insurance
- Life Insurance Broker
- Landlord Insurance
- Musical Instrument Insurance
- Wine Cellar Insurance
- Umbrella Liability Insurance
- Equine Insurance
- Pet Insurance
- Group Insurance
- ATV and Snowmobile Insurance
- Farm Insurance
- Cyber Insurance
- Storage Unit Insurance
- Tractor Insurance
- Employee Benefits
- Travel and Trip Cancellation Insurance
- Trailer and RV Insurance
- Motorcycle Insurance
- Identify Theft Insurance
Still haven’t found what you're looking for? If it’s not listed above, this doesn’t mean that we can’t help. We still invite you to contact BrokerLink. One of our brokers would be pleased to discuss your insurance needs and do whatever they can to help you find the right coverage.
Stop overpaying for Scarborough insurance with these tips
BrokerLink wants Scarborough customers to stop overpaying for insurance. Insurance coverage is expensive enough, which is why we always provide our customers with tips and advice that will help them keep costs down. From bundling policies to choosing a higher deductible, keep reading for expert tips on how you can save money on insurance in Scarborough:
Ask for advice from a insurance broker in Scarborough
If you want to save money on Scarborough insurance, why not ask an expert for help? The first step to finding affordable insurance in Scarborough is to contact a local insurance broker at BrokerLink and ask for their advice. Our team of insurance brokers can provide you with all kinds of first-hand knowledge and tips for saving money, providing insight into discounts you may be eligible for and strategies you can adopt that may lower your premium.
Bundle policies in Scarborough
Bundling insurance policies is another way to save money on a wide variety of insurance products. Bundling works like this: When you purchase two or more insurance products from the same provider at one time, you can bundle them together and benefit from a major discount on each product. The only catch is that not all insurance products are eligible for bundling, so you will need to contact a broker beforehand to find out which insurance companies offer bundles and what insurance products they allow customers to bundle. The good news is that many insurance providers offer bundles on the two main types of insurance: car insurance, home insurance. This gives you the option of purchasing two of the same type of product or mixing and matching different products, like one car insurance plan and one property insurance plan.
Pick your policy deductibles wisely
If you want to keep insurance costs down, there is one easy way to do so: choosing high deductibles over low ones. Chances are you will get to select multiple deductibles for your policy since most types of coverage have their own deductibles. The higher the deductible you choose, the lower your premium will be. So make sure to pick your deductibles wisely. Just make sure you can still afford to pay the deductible you choose in the event of a claim.
Be smart about your insurance payment schedule
Beyond choosing the coverages, limits, and deductibles for your Scarborough insurance policy, you will likely also need to select your preferred payment schedule. Most insurers give customers several options, with annual and monthly plans being the most common. While the idea of paying your full premium upfront via an annual plan can seem daunting, it might end up being cheaper. This is because some insurance companies charge extra for monthly plans in the form of payment transaction fees. Thus, if you are tempted to select a monthly payment schedule for your insurance policy, make sure to ask your provider about any extra or hidden costs that may come along with it. This way, you can make an informed decision before locking yourself in.
Enquire about insurance discounts
Insurance companies offer all sorts of discounts to customers. But to qualify for one, you need to know what they are. Contact a BrokerLink insurance broker to learn more about the wide variety of insurance discounts available. They can inform you about all types of home, car, and business insurance discounts, as well as more general discounts, and even take things a step further by helping you determine if you are eligible.
Think long and hard when buying a new car or home
The type of car you drive and the features of the home you buy will both have a significant impact on your auto and home insurance premiums, respectively. Thus, before making either of these major purchases, think carefully about how your insurance rates may be affected. For example, budget-friendly cars or those with high safety ratings that are known to be more reliable tend to come with cheaper rates than those that are frequently targeted by thieves or are luxurious and expensive. Meanwhile, when it comes to home insurance, homes with old roofs, outdated plumbing, electrical, and heating systems, or liabilities like swimming pools typically result in more expensive premiums than homes with modern systems or energy-efficient features, like solar panels.
Factors that influence the cost of insurance in Scarborough
Insurance companies have complex formulas they use to calculate risk and determine insurance premiums. The factors they consider vary depending on the type of insurance you are buying. For example, if you are purchasing car insurance, an insurance company will take into account your age, driving record, marital status, local laws, your annual mileage, and the type of car you drive, among other factors. Similarly, for home insurance, a provider will look at the size and location of your home, the condition and type of heating, electrical, and plumbing systems it has, whether it has any detached structures on the property, and more. Lastly, if you are buying business insurance, an insurer will want to know about your experience as a business owner, the size and scope of the business you operate, the number of employees you have, and the projected annual revenue of your business. There are also a few factors that will be universally assessed, like your insurance claims history, location, and the coverages, deductibles, and limits you select for your policy. To learn more about how insurance rates are calculated, contact BrokerLink today.
Get a free quote from a Scarborough insurance broker today
Ready to find out how much you can expect to pay for insurance in Scarborough? Contact BrokerLink to speak directly with a Scarborough insurance broker and request a free quote. BrokerLink is pleased to offer complimentary insurance quotes to all Scarborough customers. Whether you want a cost estimate for Scarborough home insurance, Scarborough car insurance, Scarborough commercial insurance, and more, we can provide one. All BrokerLink quotes aim to be as accurate and competitive as possible. They are also obligation-free, meaning you are under no obligation to purchase a policy after requesting a free quote.
We’re in your community
BrokerLink is an integral part of the Scarborough community. We strive to give back to the local communities we operate in and foster connections with our customers that go far beyond the insurance industry. Learn more about the core values BrokerLink was founded on by getting in touch today.
At Scarborough 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 visit us in person. 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.Whether you need help with commercial insurance basics or finding condo insurance in Scarborough, BrokerLink is here.
Scarborough insurance broker FAQs
What type of insurance coverage should I buy in Scarborough?
This all depends on your insurance needs. Basic coverage varies depending on the type of insurance being discussed. When it comes to car insurance, basic coverage is typically just the four mandatory coverage types in Ontario, whereas for home insurance, standard coverage may include dwelling coverage, contents coverage, and personal liability coverage. For business insurance, basic coverage usually consists of commercial general liability insurance and commercial property insurance. You might decide that basic coverage is enough for you, but if it isn’t, then you will need to consider additional coverage options, like accident forgiveness or collision coverage for car insurance, equipment breakdown or sewer backup coverage for home insurance, or crime insurance or commercial auto insurance for business insurance.
What is the difference between an insurance broker and an insurance agent?
Insurance broker and insurance agent are two terms that are often used interchangeably, but they are actually two distinct professionals. While both are fully licenced insurance professionals, insurance brokers work for insurance brokerages, whereas insurance agents work for insurance companies. Brokerages act as the middleman between customers and insurance companies, possessing a broad range of knowledge about the insurance products offered by several insurance companies. Meanwhile, insurance companies sell a specific set of products directly to customers, and insurance agents represent the companies they work for.
Is car insurance required in Scarborough?
Yes, car insurance is required if you drive a motor vehicle in Scarborough. Specifically, your policy must meet the minimum coverage requirements for auto insurance in Ontario, otherwise, it will not be valid. The minimum coverage requirements are no less than $200,000 in third party liability coverage, uninsured automobile coverage, accident benefits coverage, and direct compensation - property damage coverage. If you drive without the mandatory auto insurance coverage, you would be doing so illegally, and if caught, could face serious consequences. Some of the possible consequences for driving uninsured include a maximum of $50,000 in fines, the temporary suspension of your Ontario driver’s licence, and your vehicle being impounded. Please note that if you lease or finance your vehicle, collision coverage and comprehensive coverage may also be required.
Is home insurance required in Scarborough?
Home insurance is not a legal requirement in Scarborough. However, you may still need to purchase it if you are contractually obligated to do so. Situations where you might be contractually obligated to do so include if your mortgage loan agreement requires you to purchase homeowner’s insurance or if your lease agreement requires you to purchase tenant insurance. Thus, if you took out a mortgage to buy a home and have yet to pay it off or are a renter in Scarborough, home insurance may be mandatory for you.
What insurance discounts are available to me in Scarborough?
There are all sorts of insurance discounts available to Scarborough customers, and an insurance professional can help you find them. General insurance discounts include alumni and employment discounts. However, there are also discounts for specific types of insurance. For example, if you drive a hybrid or electric car, install winter tires or an anti-theft device on your car, or equip your vehicle with a telematics device, you could be eligible for a car insurance discount. The same goes for home insurance if you install a burglar alarm system, sump pump, or sewer backup device in your home. Homes located near emergency services, like fire hydrants or fire stations, may also qualify for a home insurance discount.
What is liability coverage?
Liability coverage is an important type of insurance coverage that protects policyholders against legal claims that may be brought against them. By adding some form of liability coverage to your policy, your insurer will help pay for legal fees, like defence and settlement fees, in the event of a lawsuit. Please note that liability coverage comes in many forms and is dependent on the type of policy you are purchasing. You will often find third party liability coverage in car insurance plans, personal liability coverage in home insurance plans, and everything from commercial general liability coverage and product liability coverage to cyber liability coverage and employment liability coverage in business insurance plans.
What kinds of insurance can a Scarborough insurance broker help me find?
A Scarborough insurance broker can help customers find everything from the most popular types of insurance, such as car insurance, home insurance, and business insurance, to more niche types of insurance, including but not limited to boat insurance, equine insurance, ATV and snowmobile insurance, motorcycle insurance in Scarborough, tenant insurance in Scarborough, and much more.
Do Scarborough insurance brokers offer free quotes?
Yes, many insurance brokers in Scarborough offer free quotes to customers. Reach out to them by phone, online, or in person and ask for a quote. Many provide free quotes for different types of insurance, like auto insurance, property insurance, commercial insurance, pet insurance, etc. To ensure your quote is as accurate as possible, be prepared to provide information about yourself, your insurance history, and the coverage you require.
How can I contact an insurance broker in Scarborough?
Insurance brokers in Scarborough can be reached by phone, email, or in person at your local insurance broker’s office. You can do some research online and find a local insurance broker’s website to learn more.
If you have any questions, contact one of our local branches.