Keyword
Home Insurance
Could a homeowner’s policy trigger liability coverage for COVID-19?
April 20, 2020 by Jason ContantA homeowner’s insurance policy will not likely be called upon to respond to a liability claim arising from the transmission of COVID-19, an insurance litigation lawyer said Friday. As such, brokers likely don’t need to take the initiative to advise…
Where the Co-operators is raising home insurance premiums
March 17, 2020 by Greg MeckbachThe Co-operators General Insurance Company reported a double-digit increase in homeowners’ premium growth in 2019, which the Guelph, Ont. insurer attributes to higher average premiums in Ontario and Western Canada. In its annual report released Wednesday, The Co-operators reported net…
The curious case of whether the home insurance claim had actually been closed
March 2, 2020 by David GambrillThink your client is satisfied with how you handled their claim? Better get that in writing. Almost one year after sending a letter to B.C. homeowners confirming that their $232,000 home insurance claim had been closed, a B.C. insurance company…
Ottawa’s latest response to calls for government flood insurance
January 27, 2020 by Greg MeckbachIt’s been three years since brokers called for a government backstop for residential flood losses, but Ottawa is not specifically committing to any particular model of government-run insurance for homes at high risk of flood. At the moment it is…
Executive Outlook 2020 | Carol Jardine, Wawanesa
December 30, 2019 by David GambrillCarol Jardine, President, Canadian P&C Operations, The Wawanesa Mutual Insurance Company One of the most important issues facing the industry is the Canadian consumer’s pocketbook. Canadian families have never been more in debt and GDP and wage growth aren’t helping.…
Key questions that homeowners can’t answer on their insurance application forms
October 2, 2019 by Jason ContantA recent home insurance survey found that most Canadians don’t know key details about their properties, highlighting the importance of pre-fill data for Canadian home insurance application forms. While a dozen data fields in home application forms can typically be…
What Canadian policyholders think of their insurance premiums
July 16, 2019 by Jason ContantCanadians have different concerns and beliefs about home and auto insurance depending on where in the country they reside, a new national survey commissioned by belairdirect has found. In British Columbia, one-third of respondents (34%) were concerned with the price…
Canada’s road to pre-filled home insurance data
June 27, 2019 by Jason ContantWhere is Canada now on its journey towards using pre-fill data for Canadian home insurance application forms? Step 1 in the process is isolating which questions on the form use data that can be pre-filled. A standard home insurance form…
How an insurtech uses pre-fill data to a homeowner’s best advantage
June 6, 2019 by Jason ContantOne insurtech based in the United States is pre-filling data in home insurance application forms to help answer questions that customers may not be able to answer themselves. California-based home insurance company Hippo Insurance uses trusted public data sources like…
How brokers can stop a flooded basement
April 16, 2019 by David GambrillA recent study suggests brokers have a golden opportunity to talk to homeowners one-on-one about how to protect homes from basement floods. With the right information and often for less than $500, homeowners can protect themselves from the increasing risks…
Why brokers need to check their dec pages
April 4, 2019 by David GambrillA Manitoba broker was fined $1,000 fine for not checking to make sure his client’s request for a Single Limit Endorsement was included as part of the client’s home insurance coverage. It wasn’t, as it turns out, and the client…
Insurers disagree over meaning of ‘household’ in policy language
January 29, 2019 by Greg MeckbachA dispute over what exactly constitutes a “household” in a home insurance policy has reached the Court of Appeal for Ontario. Several members of the Weiner family were sued after a person drowned in 2010 in a vacation home on…