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auto insurance fraud Automobile benefits CBC city of Ottawa claims Commercial dinosaur drive-by shooting Healthcare home quote identity theft increase insurance Kanata Life Insurance mortgage OHIP Ontario Ottawa phishing Piracy plumbing Premium Property rates reform scam sewer back up Stittsville tied selling victim

TD Insurance removes water damage coverage in Eastern Canada

Published on March 31, 2011 By Andrew

It’s been a while since I’ve posted here.  I’ve become a father for the first time in the last year.  Learning how to manage this part of my life has presented new challenges, and I don’t imagine the challenge of ‘parenting’ will ever disappear.   As a result, I have neglected this blog in order to sort out the rest [...]

Ontario’s Proposed Auto Insurance Reforms

Published on November 2, 2009 By Andrew

Here are the 41 reforms to auto insurance announced by the McGuinty Government and Dwight Duncan this morning: MEASURES TO PROTECT CONSUMERS Prohibit objectionable quoting practices including the use of credit scoring, delays in providing quotes, requiring written applications for quotes and certain screening techniques. Expand the definition of “catastrophic impairment” to include single-limb amputees. [...]

Scotiabank Enters the Property & Casualty Market With a Little Help from ‘The Personal’

Published on August 26, 2009 By Andrew

    Another Bank has decided it can offer more ‘service’ to it’s clients by providing property and casualty insurance to their customer base.  Last Week, Scotiabank opened up their ‘insurance arm’ right beside their third largest branch in Mississauga, Ontario.    At present in Ontario, banks are not able to sell home and automobile insurance [...]

How do they set the rate for my home insurance?

Published on August 12, 2009 By Andrew

Here’s a quick summary of all of the criteria used to determine your property (homeowners / property / condo / tenants )  insurance premium. Location, location • Whether you own or rent, where you live makes a difference. • Insurance companies track claims by geographic location and use the information to adjust premiums accordingly. • Based on past experience in [...]

Ontario Auto Insurance Increase ??

Published on July 17, 2009 By Andrew

An article appeared in the Toronto Star about automobile insurers in Onatrio and rate increases.  I was interested in the comments made by Randy Carroll of the Insurance Brokers Association of Ontario.   I happen to agree with him.  As brokers, we can be competitive if our rates are competitive.  Some of the obvious benefits of retaining a broker are access to several Insurers, [...]

Lucky to have OHIP in Ontario

Published on July 16, 2009 By Andrew

We are so fortunate to have subsidized health care in Ontario. I think some times we take for granted it will always be there. I have lived my whole life in an environment where there is ultimately complete medical funding. It’s hard to imagine paying to see a doctor only to find out that nagging [...]

Identity Theft

Published on July 13, 2009 By Andrew

I received three emails within 24 hours from suspect senders.  Two were from ”Bank of Montreal” one from “Scotiabank”.  These emails are phishing scams.  ‘Phishing” is is the criminally fradulent process of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication.   Phishing is [...]

Insurance Fraud

Published on July 3, 2009 By Andrew

Fraudulent Claims – take a closer look. Thanks to MyAutoCafe.com for this collection. Photo Finish: The man’s basement had been flooded, causing extensive water damage. The insurance adjuster arrived on the scene and took some pictures for the record. The photos showed a television set, a stereo, and a few bags of clothes that would [...]

Mortgage Insurance

Published on July 2, 2009 By Andrew

Do not buy ‘mortgage insurance’. Buy a life insurance policy from a life insurance agent who is licensed. Use that policy to insure your mortgage. Here is a CBC Marketplace segment that addresses what goes wrong when you buy mortgage insurance. http://www.cbc.ca/marketplace/2008/02/06/in_denial/ They highlight two families who bought the coverage and thought they were protected, [...]

After an Auto Accident

Published on June 8, 2009 By Andrew

A small publication written by the Financial Services Comission of Ontario (FSCO) covers much of the pertinent information on how your auto insurance policy responds after you’ve had an automobile accident.  I’ve included a link to it below.  http://www.fsco.gov.on.ca/english/insurance/auto/after_auto_accident_ENG.pdf This provides the answers to many questions that arise after the accident.  Am I ‘At-fault’ ?  [...]