One of the first questions people want to know when they have been pulled over and issued a traffic ticket is how it will affect their insurance rates. The answer depends on the infraction and the type of ticket you are issued. There are 3 main types of traffic tickets: minor, major, and serious convictions.…
If you own a vehicle in Ontario, there are requirements around the types of insurance coverage you must purchase. Minimally, you must have: Third-Party Liability Coverage (minimum of $200,000 in coverage) – This protects you in the event someone else is killed or injured, or their property is damaged, as a result of your vehicle.…
Becoming a licensed driver is an exciting rite of passage. It’s important to remember, however, that with the anticipation of getting behind the wheel comes the responsibility of safely operating a vehicle and protecting yourself against possible driving risks. Whether you are the parent of a fledgling young driver or a new driver yourself, keep…
As with many industries, the insurance industry goes through cycles where it shifts between what are known as “hard” and “soft” markets. As an insurance consumer, it is helpful to understand these cycles and how they affect your insurance rates as well as your purchasing options. To better understand the industry cycles, let’s start by…
In 2016-17, nearly 654,000 — or about one-third — of the more than 2 million injury-related emergency department visits were due to accidental falls. In the same time frame, injuries from falls led to about 152,500 hospital admissions. Almost 8,800 of fall-related injuries across Canada occurred as a result of people slipping on ice. With…
Residential landlords in Ontario face a lot of challenges. Whether it’s professional tenants manipulating the system to avoid paying rent or the government 2014 guideline allowing you to raise the rent only 0.8%, the challenges are real and daunting.