Keyword
Home Insurance
When can insurers expect the hard market in personal property to go down?
January 28, 2022 by Alyssa DiSabatinoThe hard market in personal property won’t be going down anytime soon, said P&C experts in a Canadian Underwriter webinar on Jan. 25. “It’s going to be an interesting time in personal property over the next number of years, particularly looking…
Why home insurance rates are rising in 2022
January 17, 2022 by Alyssa DiSabatinoHome insurance policyholders can expect an average 5% rate increase in 2022, according to a report from RatesDotCa. The average cost for home insurance in Ontario in 2021 was $1,342, per RatesDotCa. A 5% increase would translate into a…
Insurer cleared in case of hearing aid replacement mix-up
January 7, 2022 by David GambrillA home insurer has been cleared of any liability after a hearing aid supplier produced a different brand of ear phones than had been cited in the initial insurance quote, B.C.’s civil resolution tribunal has found. The small claims court…
Talk to home and auto clients about changes that may affect premiums
December 23, 2021 Brooke SmithCanadians getting ready to ring in 2022 probably aren’t thinking about insurance coverage. Clients are required to alert brokers to any changes that might impact their coverage throughout a policy period — regardless of the renewal date, said Anthea McFarland,…
Home insurance can be more expensive in smaller towns: experts
October 8, 2021 Salmaan Farooqui - THE CANADIAN PRESSAs some Canadians are priced out of larger cities and look to move to smaller communities, insurance experts say homebuyers should be aware that life in a small town can often mean higher home insurance premiums. According to financial products…
Empty nest: How to talk to your clients about vacant home policies
September 29, 2021 Brooke SmithClients may need a vacant home policy for several reasons. “The most common one right now is people purchasing properties and looking to either improve them or completely rebuild,” said Rhys Doiron, group home & auto coordinator with Ontario brokerage…
Brokers must explain what’s included in homeowners’ policies
September 28, 2021 Brooke SmithHome is where the heart is. But if your clients aren’t passionate about their home insurance policies, it’s your job to help them understand their coverages. While one part of a homeowner’s policy covers the building itself and the belongings…
Home insurance rates dropping but no reprieve for condo owners
July 28, 2021 by Jason ContantPersonal property premiums were a mixed bag in the first quarter of 2021, with insurance for condo owners continuing to rise, but home insurance rates trending down, according to a new report from LowestRates.ca released Tuesday. Year-over-year, home insurance premiums…
UFO sightings: Are your clients covered for an alien invasion?
June 24, 2021 by David GambrillRecent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged…
A home under renovation isn’t necessarily “under construction:” Appeal Court
June 15, 2021 by David GambrillA home under renovation doesn’t mean it is “under construction,” Ontario’s Appeal Court has ruled, rejecting an insurer’s interpretation of its home insurance policy exclusion. In Tataryn v. Axa Insurance Canada (now Intact Insurance), Susan Tataryn’s Ottawa property served as…
How home insurance rates in Canada are trending
June 8, 2021 by Adam MalikHome insurance rates in Alberta today have jumped nearly two-and-a-half times more than what they were 10 years ago, according to an analysis from a rate aggregator. Average home insurance premiums in Alberta have gone from $741 to $1,779 since…
Tribunal sides with Intact in home insurance co-payment spat
June 3, 2021 by David GambrillA B.C. homeowner who is listed along with a second person on his home insurance policy has lost his bid to have Intact issue him a payment directly for his own personal items damaged in a flood, instead of issuing…