Restoring Coverage after Covid-19

The light at the end of this tunnel After months of quarantine and isolation due to Covid-19, Ontario is slowly opening up once again. For many people, this may mean the ability to drive to work once more so it’s important to ensure your vehicle is legal to drive so you can get back on…

Insurance Rates during the Covid-19 Pandemic

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…

Insurance Options with Covid-19

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…

Covid-19: How it’s impacting the insurance industry

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…

Auto Insurance Renewals

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…

Why Insurance Premiums Are Increasing

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…

Hard Market Insurance

Insurance rates are on the rise Many consumers may have noticed a drastic change when it comes to obtaining auto insurance in Ontario at the moment and this has been caused by what is known as a Hard Market. If you have seen your insurance premiums spike, or you have been non-renewed due to new…

Insurance Rates in Ontario

How are insurance rates calculated? Every insurance company in Ontario will have a list of criteria individuals must meet in order to calculate an auto insurance rate. No two companies are the same making it difficult to know exactly why a premium may be high or low. Ultimately insurance rates must be approved by FSCO before being used.…

Cannabis Legalization and Ontario Drivers

What does it mean for Ontario Drivers? As of October 17th, 2018 the federal government of Canada will change the rules surrounding the legal use of cannabis. If you are a resident of Ontario and a driver, there will be new rules and regulations concerning the use of cannabis and driving.   Cannabis and Driving Cannabis slows down your reaction…

Debunking Auto Insurance Myths (part 2)

More misconceptions with auto insurance in Ontario It’s time for Part 2 in our look at common myths and misconceptions surrounding auto insurance in Ontario.   Offense Dates vs. Conviction Dates: Auto-related convictions are rateable for 3 years from the date you are officially convicted, not the offense date. Until a conviction appears on your…