Servo Blog

Relief, not Rebate Many news outlets recently published reports stating insurance companies were offering ‘rebates’ to their clients as a way of helping with auto insurance bills during the Covid-19 pandemic. This has led many people to believe they would receive money from their insurance company due to not driving their car, which is not…

Making the right decision The impacts of the COVID-19 pandemic go beyond health; the economic impacts are being felt by thousands of people who are facing an uncertain future. Many people are being told their job is no longer available or they must work from home and this poses some tough decisions, including what insurance…

IS IT NECESSARY?   This post is not insurance-related however it is still important!   The Covid-19 Pandemic has brought most of the world to a virtual stand-still while governments and health-care officials try to bring the spread of the virus to a slow down. The main message: STAY HOME!   Unless you are in…

We are in unprecedented times   As many of you will know the world is in the throes of a battle with Covid-19, a highly contagious virus that has wreaked havoc across the globe. Borders are closing and social distancing is now the mandated way of life but its impact goes further than just closing…

Why is my auto insurance policy automatically renewing? In Ontario, auto insurance companies have to offer renewal terms unless stated otherwise. Usually, you will receive copies of the renewal terms up to one month prior to the actual date of renewal. You then have time to decide whether to stay with your current insurer or…

Over the past 10 months, many insurance policyholders in Ontario have seen a significant change in their insurance premiums and renewals. One question that brokers are asked the most is, “why have my insurance premiums gone up?” While a policyholder may not have had any impacting factors to contribute to the increases, it’s the bigger…