Why Do I Have To Provide My Date Of Birth To Get A Quote?
Insurers use your date of birth as an important criteria in determining your premiums.
Why Do You Need My Phone Number?
We may use the phone number to contact you about a quote you started or completed. If you prefer not to be contacted, you can elect to contact an isure broker at your convenience at the end of the quoting process.
Why Do You Need My Email Address Just To Provide Me With A Quote?
We use your email address to send you a copy of your completed quote. We will not give or sell your email address or any of your personal information for marketing purposes. If you do not feel comfortable giving us your email address or do not have one, you can always contact an isure broker to get a quote over the phone.
What Is An Exclusion?
The risks, perils or properties defined in the insurance policy as not covered.
What Is A Renewal?
The act of keeping an active policy in place through acquiring a policy renewal, which is a certificate that attests to the fact that an insurance policy has been extended for another term.
What Is A Warranty?
A warranty is a statement attesting that something the customer says is true. An insurance contract is written on the principle of good faith, meaning each party must trust that the other is being completely truthful. For the contract to be valid, you may have to warrant that an assumption the insurer is making is true. If the insurance company discovers that one of the customer’s warranties is untrue, it may void the contract and not honor any claims made.
What Is A Deductible?
A deductible is a specified dollar amount assumed by the customer before insurance covers the remainder of a loss. The higher the deductible amount, the lower the premiums that insurance companies typically charge.
What Is A Premium?
A premium is the money the customer pays to the insurance company for financial protection against specific risks for a specific time-span. Unlike the premiums for many forms of life insurance, personal insurance premiums are not intended to produce a reward other than financial peace of mind.
What Is An Insurance Claim?
A claim is a request by the customer to be compensated by their insurance company for losses covered by an insurance policy.
What Is A Quote?
A quote is an estimate of premium for the insurance coverage you selected and information you entered. A quote is not an offer for insurance or an insurance contract. isure offers online insurance quotes for Auto insurance, Home insurance, Renters insurance, and Condo Insurance. Speak to an isure broker for quotes on Cottage & Trailer Insurance, Boat insurance and Commercial Insurance.
Why Do I Even Need Insurance?
Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential financial loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim.Beyond that, often times insurance is required by law or helps you:
- Own a home, because mortgage lenders need to know your home is protected
- Drive vehicles, because few people could afford the repairs, health care costs and legal expenses associated with collisions and injuries without coverage
- Maintain your current standard of living if you become disabled or have a critical illness
- Provide for your family in the event of a death
- Run a small to medium business by managing the risks of ownership
Take the time to review your policies and contact one of our friendly isure brokers to answer your questions or get advice. A little knowledge can make a big difference when it comes to buying the right insurance protection for you and your family. Because at isure – It’s Insurance About YOU.
Who Does Isure Insure?
isure insurance inc. is a licensed online insurance broker that insures Ontario residents and businesses. We sell auto, home, renters, boat, cottage & trailer, umbrella and various types of commercial insurance. See more at isure Personal and Commercial – Types of Insurance
How Much Would It Cost To Rebuild My Home At Today’s Prices?
Your home is probably the single largest investment you’ll ever make. By insuring your home, you are helping to protect your investment and your equity. Estimating your home value will help you to make a determination of the amount of insurance you will want to purchase. The primary factors that will determine the cost to rebuild your home include:
- Local construction costs and the square footage of the structure;
- The type of exterior wall construction – frame, masonry (brick or stone) or veneer – and the type of roof;
- The style of the house (ranch, colonial);
- The number of bathrooms and other rooms;
- Attached garages, fireplaces, exterior trim and other special features like arched windows.
I Am A New Canadian – Either Recently Immigrated To Canada Or On An Extended Work Permit, What Do I Need To Know About Car Insurance?
Car insurance is relatively expensive in Canada and many companies will not insure people without a full (G) Canadian driving licence.To obtain car insurance in Canada it is necessary to:
- Have a Canadian driving licence. Most Canadian car insurance companies will only insure drivers with an international licence in exceptional circumstances.
- Provide name, address, driving licence details and driving record
- Provide information about the vehicle: its make, model, mileage and registration number
- Provide details about past and current insurance providers
- Provide an official letter from any previous insurance company detailing previous insurance records and any no claims bonuses which may be taken into account by the insurance company
Generally, more experienced drivers have lower insurance rates. Insurance companies are not obliged to take into account any information from foreign insurance companies, for example no-claims bonuses. It is often possible to purchase insurance over the telephone, although some companies may demand that official documents are signed before coverage can begin. Once insurance has been purchased, the company will send the relevant documents to the insured driver’s address. This should include a wallet-sized pink card which is the “proof of insurance”. The card should be kept with the driver at all times when driving. If stopped by the police without the “proof of insurance” card a fine may be incurred; this can also affect future insurance rates.
I Just Turned 25 And I Expect A Big Discount, What Should I Expect?
Insurers do take your age into consideration when we calculate your premium. Statistically, drivers who are 25 or older are less at risk. But there are many other factors that affect your premium, too: the type of car you drive, your claims record, how you use your vehicle, where you live, and many other factors. So although your premium won’t automatically change once you turn 25, your age will be taken into consideration when it’s time for your renewal.
What Is The Difference Between One-Way Insurance And Two-Way Insurance?
Usually, one-way means you’re only insured with basic coverage, meaning you only have Liability, Accident Benefits, and Direct Compensation Property Damage coverage. The Liability coverage would cover you if you were ever to get sued after an accident. Accident Benefits provides certain medical benefits if you are hurt in an auto accident. The Direct Compensation Property Damage would cover damage to your vehicle if you’re in an accident in Ontario with another vehicle insured by an Ontario-licenced insurer, when you are not at-fault. When you have two-way insurance, this usually means that your car is covered as well as the damage you cause to others.
If I Have Too Many Parking Tickets, Will My Insurance Will Skyrocket?
You can breathe easy, because parking tickets have no impact on insurance rates. They can be expensive, but your insurance company isn’t worried about them.
I’m Headed To College, Should I Stay On My Parent’s Policy?
It’s totally up to you. There are good reasons for or against each option. For instance, if you stay on your parents’ policy, they can take advantage of multi-car discounts and possibly get better rates because of their life stage and stability. On the other hand, if your parents have an expensive car, their rates could go up because you’re now driving it. If you get your own policy, you’re in total control of your coverage options and payment terms. On the other hand, your rates may be higher because you can’t take advantage of your parents’ pricing.
My Children Attend School Out-Of-Province. Do I Still Need To Keep Them On My Policy Even Though They Won’t Be Driving Frequently?
Yes, you should keep them on your policy so they’re covered. Your isure insurer auto policy can provide valuable protection outside of merely driving a vehicle. Also, your child may visit home and need to use your vehicle.
When Do I Add A Young Driver To My Policy?
We encourage you to add young drivers to your policy as soon as they have a driving permit. Once the driver has a license, let us know and we’ll update the policy with his or her driver’s license information. Insuring a young driver can be expensive, but isure offers potential methods like Telematics Insurance to reduce cost for good driving.
I Cross The Border From Time-To-Time. Do You Have Any Tips For Driving In The USA?
If you plan on driving in the United States, whether in a rental car or your own, there are certain steps you can take to make sure you’re trip is safe and enjoyable. First, make sure you have a valid Passport or WHTI-compliant identification like an enhanced driver’s license (EDL) or NEXUS card. Since June 2009, Canadians traveling to the U.S. by land or sea are required to present an approved document that shows identity and citizenship. Be aware that you must declare any meats, fruits, vegetables, plants, seeds, and animals you have in your vehicle or are carrying, including checked baggage and carry-on luggage.Also make sure to carry your valid Driver’s Licence and proof of insurance. An up-to-date pink insurance liability slip includes important telephone numbers and proves you have insurance. If you are considering renting a vehicle, it is a good idea to extend coverage from your own Ontario automobile policy to the rental vehicle. By adding an OPCF 27 to your auto policy, you won’t have to worry about buying extra insurance when you rent a car anywhere in the United States or Canada.Like Ontario’s hands-free law, many states ban the use of cell phones while driving. The states of Illinois, Massachusetts, Michigan, New Mexico, Ohio and Pennsylvania even allow cities or regions to implement their own bans. Be safe and smart and avoid electronic distractions while behind the wheel. It’s impossible to know when, where or if you’ll get into an accident, but if you do, call us for advice and we’ll help guide you through the claims process.
Where Do I Find My VIN?
Your VIN (Vehicle Identification Number), a unique number used by the auto industry to identify cars, can be found on the driver’s side dashboard where it meets the windshield or on the driver’s side door near the latch.
Are Newly Purchased Vehicles Covered By My Policy?
Vehicles replacing those currently insured on your isure policy, or additional vehicles (if you insure all of your autos with isure), will share the same protections for 30 days. This gives you time to notify us with details. Please review your policy contract for additional information.
Do I Need Special Coverage If I Add Features To My Car?
With both comprehensive and collision coverage, any special features you’ve added to your vehicle – like custom body work, rims, stereo or tires – are covered up to $1,000. If you’ve added more than $1,000 of value to your car in after-market features, you can choose an additional endorsement to cover damage or theft of those items. Check with isure broker to find out how much would be right for you.
Will My Policy Be Cancelled If I Have An Accident?
Generally, being in an accident will not cause your policy to be canceled. However, after the facts of the situation are reviewed, you may be required to pay a higher premium for your policy upon renewal. Your online isure broker will help you understand the potential increases if an accident does occur.
Will An Auto Accident Increase My Car Insurance?
Generally, only at-fault accidents will affect your insurance policy. For qualifying drivers, insurance companies will offer various different “forgiveness” options for at-fault claims. These must be purchased before the claim occurs. Speak to an isure broker for details.
Am I Covered If I Drive Someone Else’s Vehicle?
This is a frequent concern, understandably so: most folks want to feel confident their vehicle is protected when they turn the keys over to someone who doesn’t typically drive it. The general rule of thumb is that your insurance follows your vehicle, so when you lend your car to that co-worker whose own vehicle has fallen on tough times, or to that relative visiting you from out of town, you’re lending your insurance along with it. This means that your policy is the first line of defense should any claims arise from the use of that vehicle. So it’s important to ensure you’re comfortable that the person who’s borrowing it is responsible. It’s important to discuss less common situations with your isure broker to ensure you’ll be adequately protected, such as when the person borrowing the vehicle is also a member of your household, or when the person will use the car for an extended time.
What Does “Full Coverage” Mean?
The term full coverage generally means that the insurance policy has both liability coverage and coverage for damage to your vehicle. The term full coverage does not mean that “everything” is covered no matter what happens. An isure broker can help you select auto insurance coverage that fits your needs and budget.
How Does The Kind Of Car I Drive Affect My Insurance Rate?
The kind of car you drive can impact your auto insurance rate, especially if you have comprehensive and collision coverage. Rates are based on the type of vehicle loss history – how often it’s stolen, and how expensive it is to repair or replace after a theft or accident. Additional factors that can contribute to your auto insurance premium:
- Engine size
- Body type
- Safety and security features
- Crash-test ratings
Every car and driver is unique, and while certain standards can apply to auto insurance premiums – like cars with fewer safety features or car alarm systems typically costing more to insure, and cars with sophisticated safety features and good crash-test ratings usually being more affordable – there are a variety of exceptions. The best way to determine how the kind of car you drive can affect your insurance rate is to talk with an isure broker to help you determine the right insurance coverage for you and your car, perhaps even before you buy it.
What Are The Safest Cars To Drive?
Even the safest cars are dangerous if not driven safely. We often times update our understanding of some of the riskier vehicles in our iNews section. However, discounts are available for drivers who drive cars with air bags, anti-lock brakes, and electronic stability control. Additionally, your isure broker can help you by letting you know which vehicles are better insurance values.
What Is The Difference Between $1,000,000 And $2,000,000 Standard Liability Coverage Amounts?
You have a choice here. With increasing law suits around auto insurance accident, we always recommend you purchase a minimum of $2,000,000 liability and consider additional coverage under an umbrella or excess liability policy.
How Do I Find The Lowest Auto Insurance Rate For Me?
To find the most affordable auto insurance policy for you, take the time to compare insurance providers to see who can save you the most money while providing you the most value. Many insurance companies combine low rates with discounts to provide lower premiums for young drivers.isure even offers a discount through telematics, where good driving can save you even more on your insurance premium.Drivers who have multiple insurance policies with isure can bundle and save, as well.Talk to your local isure broker to see what money-saving tips they have for you when choosing an auto insurance policy.
How Do I Find The Best Auto Insurance For Me?
Deciding on an auto insurance policy can seem overwhelming. It is important to choose a broker who can help match you with just the right coverage for you and your vehicle. When getting an auto insurance quote from isure, an isure broker will help you every step of the way to choose an auto insurance policy that makes sense for you.
Will Traffic Tickets Increase My Car Insurance?
Many drivers do not realize that for the exception of parking tickets, all tickets may affect your insurance premiums – including tickets where no demerit points were charged! Different insurance companies have different rules regarding tickets, and these rules can change over time. Speak to an isure broker for details and peace of mind.
How Can I Compare Auto Insurance Quotes?
Looking for Auto insurance quotes can be confusing. When you get an auto insurance quote from isure, we will guide you every step of the way to help you choose the amount of insurance that you determine to best fit your needs. isure compares rates with top Canadian insurance companies in just minutes to see who is offering the best price.
What Violations Should I Include?
You must also report all violations with the exception of parking tickets.
Do I Include Accidents In My Driving History That Were Not My Fault?
Yes, you should include all accidents regardless of fault. You will have the option to select the type of accident.
You’ve Had An Auto Accident – Now What?
You hear a horn, feel a bump and next thing you know, you hear the sound of crumpling metal. With all this going on around you, you’re thoughts race. You make sure everyone is okay, and then all is quiet. You think to yourself…”What do I do next? Who do I contact? Where do I go to get my car fixed? Is my car driveable?”All of these questions fog up you mind and confuse you. That’s why it’s important to be prepared and know what steps to take after an auto accident. What you should do after an accident:
- Don’t leave the accident scene – leaving the scene could lead to serious or even criminal charges.?
- Determine if there are any injuries and if so, call 911 immediately.
- Try to determine if there is more than $1,000 in damage for the whole accident (your car and any other vehicles involved). If the damage appears to be more than $1,000, call the police and they will come and assess the scene. If the damage is less than $1,000, you still need to call the police, but they will instruct you on what to do next to assess the damages. ?
- If it is safe to do so, move the vehicles off to the side of the road and make the situation safe for all, including passing traffic. ?
- Collect names, addresses, telephone numbers, insurance information, license plates numbers, driver’s license numbers of all drivers involved in the accident. ?
- Remember witnesses and passengers; gather their information as well – names, addresses, telephone numbers.
- Take notes of what the immediate scene looked like – placement of trees, shrubs, stop signs, signal lights, pedestrian crossings etc. This will help when you report the claim to us.
Call us! We’ll answer your questions and guide you through the claims process.
How Much Auto Insurance Do I Need?
In the case of an accident, the minimum liability insurance required by the provinces may not be enough coverage to pay for the damages that result after an accident. In this case, the driver responsible for the accident may have to pay additional expenses out of pocket.
To determine how much auto insurance you really need, consider:
- The value of your assets?
- How and when you drive?
- What you drive?
- Who is in the car with you?
isure Fairness and Privacy
Is My Information Protected With Isure?
As an online insurance broker, we are particularly sensitive to your right to privacy. We do not sell or repurpose your insurance file and/or contact information. We use your information to provide you the best policies, customer experience and in some cases, automated insurance quotes upon renewal. This is not always the case with other online insurance quoting sites who may sell your information and contact info to third parties.
Will Isure Provide Unbiased Treatment Of My Insurance Needs?
We are quite clear that we do not bias our treatment based on:
- Ethnic group
- Marital Status
- Familial Status
What we do bias our judgment on is truth. We will not deal with people who try to fraudulently manipulate the facts or system to generate better savings or protection. We put a premium on honesty.
Brokers vs. Direct, Bank and Online Insurers
What Is The RIB (Ont) Designation?
RIB (Ont) stands for “Registered Insurance Brokers in Ontario”. Individual brokers meeting the Registered Insurance Brokers of Ontario licensing requirements exclusively use the designation.
What Is The Registered Insurance Brokers Of Ontario (RIBO)?
How Are Brokers Regulated?
How Do I Know If An Insurance Company Owns Part Or All Of A Brokerage?
Why Does It Matter If An Insurance Company Owns Part Or All Of A Brokerage? It’s Still A Brokerage, Isn’t It?
Are All Insurance Brokers Independent?
Are Brokers More Expensive?
What Kind Of Discounts Can I Receive If I Bundle?
You can save more money if you bundle multiple insurance policies with isure. For instance, if you’re already purchasing Auto insurance, you can get extra protection and save money with Home or Renters insurance, or Cottage insurance. Contact your local isure broker today to learn about ways you can bundle and save.
Do I Receive A Discount For Bundling My Auto Insurance With Other Products?
Do I Need Insurance If I Don’t Own My Apartment?
You may be renting, but all of your furnishings, electronics and other personal belongings are certainly valuable to you. Renter’s insurance not only covers your personal possessions, it also provides personal liability coverage in case someone is accidentally hurt while visiting you. It also provides coverage if you accidentally cause damage to the rental property.
Am I Covered When My Home Is Being Renovated?
For many of us, our home is our most valuable asset. Before starting any renovation, talk to us, and we’ll make sure you are protected against financial loss should an accident or an injury take place during the project. Even though your house is adequately insured, your risks change once your home becomes a construction site. When a contractor works on your home, you need to be protected from a number of risks. Insist that the contractor provide you with proof of Business Liability Insurance, also known as general commercial liability insurance. $2 million is the minimum that should be requested. This protects you if your home is damaged through the contractor’s fault, or if your contractor causes damage or injury to third parties, like your neighbours. We are happy to review your contractor’s policy to make certain there are no gaps between it and your policy that could leave you financially vulnerable. If your contractor needs to hire additional trades such as an electrician or plumber, make sure they are insured for the work they perform.
I Paid $3000 For Stereo Equipment And Another $3,000 In Computers Back In 2011, They Have Been Stolen Or Damaged, Will I Get $6,000 Back In A Claim?
It depends whether or not you have Replacement Cost coverage. Here’s the breakdown: With Replacement Cost coverage, you’ll get the lesser amount that comes out of the two scenarios below: (1) If your laptop is found but is damaged, the repairs are covered with no deduction for depreciation….OR (2) You’ll get compensated the value of a new laptop, identical or equivalent to the original, and the same type and quality.Without Replacement Cost coverage, you’ll get the actual cash value of the laptop on the day it was stolen. This amount is based on how much the laptop is worth minus depreciation, which is calculated by looking at the condition of it, its resale value, and its normal life expectancy.
What Coverage Is There For My In-Home Business And Office Equipment?
With the Homeowners, Condo and Renter policies, each insurer will have limits for equipment for business use. Also, unless specifically endorsed on your policy, liability coverage does not include any business exposure. You can add endorsements to the basic policy or purchase a Home-based Business Insurance business owner’s policy to get the right coverage for the equipment and liability.
What Kinds Of Home Insurance Discounts Does Isure Offer?
Though our isure approved insurers, we offers the widest variety of Home insurance discounts in the online brokerage marketplace. For example, you can save with:
- Multi-Line Discounts – insure your Auto, Home and Other Insurance with isure and receive discounts on bother your Auto and Home insurance.
- Non-smoker discount – save if you have a non-smoking household.
- New Home:If your home was constructed during the current calendar year and within the last nine calendar years, you could be eligible for a discount.
- Protective Devices:Discounts are available for insured homes equipped with qualifying burglar and fire protection devices such as central station alarms and interior automatic fire sprinkler systems.
Contact your online isure broker to inquire about ways to save on Home insurance.
How Can I Make My Home Safer And Possibly Save Money?
Homeowners who guard against theft, accidents and other losses can often get lower insurance rates and policy discounts. Here are some things you can do to help qualify for lower premiums:
- Secure your home with dead bolts and window locks.
- Install a security system with an outside signal and connection to local police.
- Install and maintain smoke detectors.
- Install a sprinkler system for fire.
- Install a fire alarm that automatically alerts the local fire department.
- Stop smoking.
- Keep walks and entrance ways clear of snow and ice.
- You may also qualify for discounts on premiums when you buy both home and auto insurance.
Please contact your online isure broker to discuss these and other money savings options.
When Should I Think About Adding To My Home Insurance Coverage?
Generally, you should contact your isure broker who will assist you in a review of your coverages whenever you change something significant about your home or its contents, for example, you should review your coverage:
- when you put on an addition to your home;
- when you start a business from your home;
- when you make a major purchase, such as jewelry or fine arts;
- when you purchase other residential properties either for rental or as a second home.
Are My Swimming Pool And Hot Tub Covered By My Home Insurance Policy?
Yes, your standard home insurance covers both these things.
What’s The Insurance Distinction Between Flood And Sewer Back-Up?
A flood can be caused by spring run-off, melting snow, an overflowing river, lake or stream, or even a swimming pool. Excessive groundwater build-up that enters your home via leaks or seepage is also considered flooding. Whether aided by wind or an Act of God, damage to your home caused by a flood is not generally covered (although some insurers are beginning to offer overland water coverage as an option).Most homeowners’ policies will cover other types of water damage provided the cause is “sudden and accidental” and is not caused by freezing. This could include the sudden failure of a heating or air conditioning system, an overflowing washing machine, a blocked toilet, accidental sprinkler going off or a burst water pipe. The key words are ‘sudden’ and ‘accidental’. Water entering the home through leaks, cracks and seepage are considered to be the responsibility of the owner and should be prevented through routine home maintenance. Sewer back-ups occur when massive volumes of water overload a drainage system. Once the wastewater rises above your basement drains, a back-flow into your home results. Sewer back-ups can introduce black mould, harmful bacteria and sewage waste into your home, creating health risks and extensive damage. Depending on where your home is located, sewer back-up insurance may be available to help cover losses or damage caused by water that has accidentally escaped from a sewer, drain, storm drain, sump, septic tank, eaves trough or downspout. Call us to find out more and consider 5 steps to prevent or limit water damage to your home:
- If your area is susceptible to sewer back-up, make sure your home has a back-flow valve and plugs for drains, toilets and other sewer connectors installed.
- If you don’t have a sump pump, install one. If you do have a sump pump, test it to make sure it is working.
- Store items in plastic containers or on shelving at least 12” off the basement floor.
- Keep eavestroughs and downspouts clear of debris and make sure water flow is directed away from the foundation.
Finally, as simple as it sounds, make sure your lot is properly graded to direct run-off away from the foundation and entranceways.
A Pipe Bursts And Water Flows All Over My Floors. Am I Covered?
Yes. Typically, home insurance covers you for accidental discharge of water from a plumbing system. Check your plumbing and heating systems once a year. While you are covered for this type of damage, who needs the mess and hassle?
What Does A Home Insurance Policy Not Cover?
Home insurance policies typically do not cover but not limited to damage resulting from the following:
- Earth movement
- Nuclear hazard
- Neglect or failure to make repairs
- Corrosion, deterioration, decay or rust
- Wear and tear
- Increased cost due to enforcement of any building ordinance or law
- Government actions
- Power failure
- Animals or pests
Contact an online isure broker for a complete list of policy exclusions.
Does My Home Owners Insurance Cover Against Losses Due To Fire, Lightning, Tornadoes, Wind Storms, Hail, Explosions, Smoke, Vandalism And Theft?
Yes. Typically, your homeowners insurance covers a large number of perils, including all those listed. There are some limits, however, on the amount of insurance you have so you should always consult with your isure broker.
Will I Be Reimbursed For Additional Living Expenses If I Cannot Live In My Home Due To A Covered Loss?
If your home becomes uninhabitable due to a covered loss, we pay for those extra costs of housing, eating expenses, etc. up to the applicable limit. Your isure broker can help you when you are deciding if you need to purchase this coverage.
What Constitutes A Valid Appraisal Of My High Value Possessions?
Each appraisal should include 8 items:
- Your name and address.
- Purpose of the Appraisal: Donation, estate, insurance, etc.
- Type of evaluation used: Replacement Value or Fair Market Value (for insurance purposes, Replacement Value should be used).
- Market in which valuation is applied (CDN, U.S. dollars).
- Statement of professional qualifications of appraiser.
- Date of Appraisal.
- Statement of physical inspection or method used in determining value, noting all qualifications (description, cut, clarity, size, weight, etc.)
- Statement of belief in authenticity.
Appraisals should be updated at least every three to five years to ensure that values are not over or understated. Peace of mind can also be bought for other collectibles such as paintings, oriental rugs, rare books and manuscripts; stamps and even wine collections to name a few. Take time to review your personal property policy and talk to us about protecting your cherished assets with a Personal Articles Floater. When in doubt just ask – we are here to help.
Do I Need To Take An Inventory And Photographs Of My Belongings?
It’s always wise to inventory your most important personal items. Keep a checklist in a safe, accessible place (preferable away of your home) in the event you need to file a claim. You should have a detailed inventory of everything in your home…from basement to attic, furniture to fixtures. If you bought it, it goes on the list. You’ll want to include for each item:
- The description of the item
- Accompanying Serial number
- Purchase date
- Estimated value
Make sure you’re as thorough as you can be and where possible, save receipts and take pictures. Also ensure you keep this list in a safe place so that it won’t be damaged in the unfortunate event that you lose it along with damage to your home.
How Can I Make Sure That I Have Coverage For My Valuables?
Many of us have high value items that are easily lost, damaged or are targets for thieves. Because coverage limits vary with each insurance company, personal items like cameras, musical instruments, bicycles, computers & software, furs and jewelry may not be fully covered under your home policy. If you own items that exceed your home policy’s limit, consider purchasing a Personal Articles Floater. With a Personal Articles Floater, you get protection for those items that hold great importance to you, both in value and sentiment. A Personal Articles Floater (depending on the item) can be purchased with or without a deductible and provides coverage for specific items on an all-risk basis subject to reasonable exclusions. If you lost the stone out of your engagement ring or accidentally broke an antique statue, a personal articles floater would cover what otherwise could be excluded. Having a recent appraisal handy of all these items (with a thorough description of the item being insured) will help with the reimbursement process. Your isure broker can help you when you are deciding if you need to purchase this coverage.
A Neighbor Slips On My Sidewalk And Threatens To Take Me To Court For Damages. Does My Homeowner Policy Protect Me?
Yes. Homeowners insurance will pay for damages, if the accident is the result of your negligence. It will also pay for the legal costs of defending you against a claim. Also, the medical payments part of your Home insurance policy will cover medical expenses arising from an injury to a neighbor or guest. Your isure broker can periodically review your policy limits with you when you are making coverage decisions.
What Kind Of Protection Do I Need Against Liability Insurance Claims?
Nothing is worse than the feeling you get when you are responsible for damage to someone else’s property or for someone else’s injuries. Your isure broker can assist you with your selection of coverage to help you alleviate this financial worry. This coverage is part of your homeowners insurance policy. It protects you and your family against property damage or bodily injury claims for which you are legally responsible. Liability insurance covers you, for example, if someone slips and falls on your property or if your dog bites someone.Today, when multimillion-dollar lawsuits are not uncommon, your homeowners policy may provide substantial liability limits, but it may not be enough. isure is available to supplement your present policies and provides additional coverage in increments of $1 million or a personal umbrella policy or an excess liability policy.
Why Do I Need Personal Liability On My Home Policy If I Have It On My Auto Policy Too?
Your auto liability protects you if you are in an accident and you’re held legally liable for injury or death to other people. It also covers damage to their vehicle or property. The personal liability coverage on your home covers you at home or anywhere in the world for bodily injury to others or if you accidentally cause damage to another person’s property. For example, if a visitor slips on your driveway and you are found legally responsible, you would be covered for the damages.
Why Would You Insure Your Home For More Than You Paid For It?
Insist on Guaranteed Replacement Cost coverage and always ‘Insure to Value’. Many people mistakenly believe the amount they paid for their home is the same as its replacement cost. Unfortunately this is not true. Depending on where you live, the cost to rebuild a total loss home can be significantly more than its market value. Some of the factors that drive up rebuilding/reconstruction costs include: Urgency – Property losses are not planned like a new construction project. When they do occur, there is a need to rebuild as soon as possible. This means the cost of labour, materials and other services required are often significantly higher. Demolition and Debris Removal – Major losses, require the removal of partially damaged property and debris. Costs increase if there are environmental issues such as soil contamination. Current Building Codes – New and more demanding building codes may need to be met when rebuilding or restoring a damaged home. Work site Access and Collateral Damage At reconstruction sites there is typically less room because of debris, landscaping, fences and other buildings in the vicinity. This causes more work and material storage to be done further away from the site, thus extending the project time and cost. In some cases, physical access requirements result in collateral damage to existing property on and beside the insured’s property. It’s easy to see how the cost to rebuild your home could be much more than you paid for it. Don’t get caught in a situation where your loss exceeds your coverage limits. We can provide you with advice to help you determine the correct amount of insurance you need on your property. And, we’ll recommend coverages like Guaranteed Replacement Cost coverage. It’s wise to re-evaluate your home’s replacement cost every 5 years to reflect changes in the cost of construction, including building materials and labour. And, if you’ve made any recent renovations, upgrades or alterations to your home, we can help you established a new replacement cost value.If you have any doubts, please contact us. We’ll help you insure your home to its proper value.
What Would It Cost To Replace The Contents Or Personal Belongings Of My Home?
If the unexpected happens, losing your home contents could be distressing as well as financially devastating. Your isure Homeowners, Renters or Condo policies cover the loss of your personal belongings, subject to the policy limits and conditions.There are two distinct ways to insure your personal possessions:
- Replacement cost coverage. This coverage pays you the dollar amount needed to replace personal property without any deduction for depreciation, but is limited to a maximum dollar amount.
- Actual cash value. This coverage pays you an amount equal to the replacement value of damaged property minus depreciation. Unless a homeowners policy specifies that property is covered for its replacement value, the coverage is for actual cash value.
Many people make the mistake of underestimating the value of their home contents. This mistake is easily made when you consider the amount of new items we purchase each year. Under-insurance can lead to heartache and inconvenience should the unexpected happen. Your isure broker is available to assist you with insuring your home contents.
Can You Provide Some Tips For Estimating The Value Of My Home?
Here are some tips to help you estimate your home’s value. Every year, take the time to check the value of your insurance policy against rising local building costs. Your isure broker is available to assist you with your review of your coverage.
- Check the latest building codes in your community. If your home is severely damaged, you might have to rebuild it to comply with new building code standards which may require a change in design or building materials.
- Do not insure your home for the market value. The cost of rebuilding your house may be higher (or lower) than the price you paid for it or the price you could sell it for today.
- Some banks require you to buy homeowners insurance to cover the amount of your mortgage. Make sure it’s also enough to cover the cost of rebuilding.
- Increase the limit of your policy if you make improvements or additions to your house. You may upgrade features in your home to fit your tastes and lifestyle. These enhancements can significantly increase the replacement cost of your home. Your isure broker will be available to help you in your determination as to whether additional coverage is needed.
If you have questions about the amount of insurance coverage for you, consult your isure broker.
How Can I Reduce My Home Insurance Premium?
- Where you live – if your neighbourhood is more prone to break-ins, you may pay more for insurance.
- Proximity to a water source such as a fire hydrant or fire station.
- Age of roof – newer roofs (within the last 20 years) are preferred by insurers.
- Heating – there is far less risk with forced-air gas furnaces or electric heat than oil tanks. Oil tanks have the potential to cause costly environmental hazards. Improperly installed wood stoves are a source of house fires and carbon-monoxide poisoning.
- Electricity – there are several factors such as:
- whether you have breakers or fuses
- the type of wiring you have (breakers pose less risk than fuses; knob and tube wiring can increase the chance of fire)
- Pipes – older plumbing (galvanized or lead pipes) is more prone to cracking, leaking or other problems.
- Other factors – insurers will also take into account whether you have security systems, fire alarms, swimming pools and other structures on your property.
Insurance Claims – Automobile
If Property Is Stolen From My Insured Vehicle, Is The Loss Covered By My Auto Policy?
It depends on what was stolen – if its vehicle equipment for which you’ve purchased coverage, the loss is covered. But if it’s something you’ve placed in your vehicle – clothes or a set of golf clubs – theft of that property from your vehicle is not covered by your auto policy but may be covered by your homeowners, renter’s, or condo policy.
If I’m Involved In An Auto Accident In Another Province, What Happens?
If I’m Not At Fault, Do I Pay My Deductible?
If Repairs Take Longer Than The Loss Of Use Or Rental Reimbursement Coverage In My Policy Provides For, What Happens?
What If I Need A Rental Vehicle While Mine Is Being Repaired?
What If The Repair Shop Finds Additional Damage That Wasn’t Covered In The First Estimate?
Do I Need To Be At The Repair Shop When My Vehicle Is Being Inspected?
What If My Vehicle Is “Totaled” In An Accident?
What Is Uninsured/Underinsured Motorist Coverage?
What Is “No Fault” Insurance?
What If The Other Party Sues Me? What Should I Do?
What If I Think The Other Party Is Filing A Fraudulent Claim?
Should I File A Police Report For A Loss Or Theft?
I Don’t Think My Losses Will Exceed My Deductible. Should I Still File A Claim?
What’s A Deductible?
I’m Not At Fault. Why Do I Need To File A Claim On My Isure Insurance Policy?
Will My Policy Be Cancelled If I File A Claim?
Will My Premium Increase If I File A Claim?
How Do I Know If My Claim Will Be Covered?
How Long Will It Take To Handle My Claim?
What Do I Do If I Have A Claim To Report On A Weekend Or Holiday?
Who Should I Call To Report A Loss?
Insurance Claims – Property
Why Is My Settlement Cheque Made Payable To Both Me And My Mortgage Company? How Do I Get It Endorsed So I Can Cash It To Pay For Repairs?
When you have a mortgage on your home, settlement cheques typically are made payable to both you and your mortgagee, as required by the mortgagee. You’ll need to contact your mortgage company to find out how to obtain their endorsement on the cheques.
When Should I Receive My Settlement Cheque From An Isure Insurer?
All isure approved insurers work as quickly as they can issue a claim settlement cheque. Much will depend on the complexity of the claim and amount of repair or damage. If you elect to receive a cash settlement versus having the insurer pay directly for repairs, the insurer will typically issue payment within a week of you and the insurer agreeing on the settlement amount.
When Do I Pay My Deductible? To Whom Do I Pay It?
Your deductible will be subtracted from the amount of your loss. If you choose for the insurer to repair the damage, you will typically pay the deductible amount directly to the independent contractor hired by the insurer. If you choose a cash settlement, the amount of payment issued by the insurer will be reduced by your deductible.
How To Handle My Personal Property Insurance Claim ?
If you purchased personal property coverage in your policy and your loss involves personal property, your insurer will need a detailed list and description of all damaged, lost or stolen personal property. Your claims representative will help you catalog all the items, and will then evaluate that information to determine what is covered and to establish its value.
What If My Contractor Finds Additional Damage Once Repairs Are Underway?
Contact your claims representative and report the additional damage before repairing it. The insurer will likely re-inspect to determine whether the damage is covered by your policy.
I Have Replacement Cost Coverage. Why Did You Show Depreciation On The Estimate?
If you purchased replacement cost coverage in your policy, we will cover the actual cost of repairing or replacing damaged, destroyed or stolen personal property with property of like kind and quality. We’ll make an initial payment based on the current value of that property; once you have repaired or replaced the covered item, we’ll pay an additional amount, up to the actual cost to repair or replace. Your isure broker and or isure insurer claims representative can give you specific information about your claim.
How Should I Choose A Contractor? Will My Insurer Recommend One?
While you are free to select any contractor, your insurer will likely have a recommendation. Typically if you select the insurer’s contractor, the insurer will guarantee the work.If you choose your own contractor, we suggest you seek out contractors who have a proven track record in your area. To help ensure that you choose a reliable contractor:
- Talk with friends, neighbors and relatives who have hired contractors.
- Get references from any contractor you interview, and check them.
- Contact your local Better Business Bureau for information about the contractors you’re considering.
- Don’t sign a contract until you’ve reviewed it carefully and have agreed to payment terms.
- Verify that the contractor has an active license in your province. In many cases, you’ll be able to check right on your province’s website.
- Confirm the contractor carries proper insurance and request a certificate of insurance.
How Can I Monitor The Status Of My Claim?
Feel free to contact your insurer claims representative when you need a status update, and let that person know how often, or at which points in the process, you’d like to be updated. We’ll be in touch at other times, too – whenever there’s something we need to discuss.
How Long Will It Take To Process My Insurance Claim?
It depends, of course, on the magnitude of the catastrophe and the number of customers who have been affected. But your isure approved insurer move as quickly as is possible to investigate, estimate and process your claim. We know how important it is for you to start the recovery process, and we’ll be there to help.
Should I Start Making Repairs Before You Inspect The Damage?
We know you’re eager to start putting your home back together, but it’s best to wait until your insurer has conducted their first on-site inspection. The only thing you should do is protect your property from further damage, by covering broken windows, or gaps in the roof or exterior walls. That way, we can identify all the damages that may be covered by your policy, ensuring that you receive everything you’re entitled to.
What Else Can I Do If I Have Time Before My First Meeting With The Insurer Claims Representative?
In The Event Of Major Catastrophe, What Should My First Step Be?
My Tree Fell On My Next-Door Neighbour’s Roof. Does My Insurance Pay For The Repairs, Or Does My Neighbour’s?
When I Go On Vacation, Are My Belongings Covered?
What Do You Need To Show Proof Of Ownership For Stolen Property?
What If I Don’t Have All The Information About My Loss Right Now? Should I Wait To File A Claim?
Because Of The Damage, My Home Isn’t Safe To Live In. What Do I Do?
If A Hurricane, Tornado, Earthquake, Flood, Forest Fire Or Other Natural Disaster Has Damaged My Property, Is The Damage Covered By My Policy?
Will I Be Covered If My Pipes Freeze?
My Home Was Damaged By Burglars. Is The Damage Covered?
Do I Need To File A Police Report For Property Damage Or Loss Due To Theft?
Many people make the mistake of underestimating the value of their home contents. This mistake is easily made when you consider the amount of new items we purchase each year. Under-insurance can lead to heartache and inconvenience should the unexpected happen. Your isure broker is available to assist you with insuring your home contents.
Can I Choose Who Will Do Repairs To My Property?
What Actually Happens When You File A Homeowners Insurance Claim?
Will My Insurance Claim Be Covered?
What If My Claim Happens In The Middle Of The Night?
I Drive A Brand X Car, And I Believe Insurance Companies Automatically Target This Car For Higher Premiums?
I Have A Great Credit Score, Why Can’t I Get The Best Insurance Rates?
How Can I Save On My Premium?
Why Does My Car Or Home Insurance Premium Change Annually?
What About Discounts?
How Are Premiums Calculated?
Are Insurance Premiums Regulated?
I Have Many Questions And I Would Rather Go Through Them With A Real Live Person. How Can I Reach You?
isure Commercial Insurance
Are You Exposed To Personal Liability When You Get Involved In A Cause Or Do A Business Favour?
I Volunteer On A Number Of Boards, Am I Exposed To Any Risks?
What If I Operate A Home-Based Business?
- If your computer is stolen, you may find that it’s not covered by your homeowner’s policy because business property is excluded;
- If a delivery person slips and falls when delivering a package, you could be sued and find out you’re not covered for injuries associated with business deliveries;
- If your house burns down, you may find that your fire coverage is void because you didn’t tell the insurance company that you were using your home for business.
Fortunately, it’s easy and affordable to protect yourself and your business by adding a Home-Based Business extension to your property policy. For most home-based businesses, this extension is all you need to protect your property and cover any liability exposure arising from your home business. Call us to get started. For financial professionals, salespeople or providers of specialized services, you may be exposed to different risks. We’ll take the time to explain your options and make sure you get the best protection at a competitive price.Your business is more than a job; it’s part of your life. Even a small home operation needs protection against the risks of doing business. Call us to make sure you are properly protected.Fortunately, it’s easy and affordable to protect yourself and your business by adding a Home-Based Business extension to your property policy. For most home-based businesses, this extension is all you need to protect your property and cover any liability exposure arising from your home business. Call us to get started. For financial professionals, salespeople or providers of specialized services, you may be exposed to different risks. We’ll take the time to explain your options and make sure you get the best protection at a competitive price.Your business is more than a job; it’s part of your life. Even a small home operation needs protection against the risks of doing business. Call us to make sure you are properly protected.
I’m About To Sign A New Client But The Contract Requires Me To Have Specific Insurance Coverage
- Additional insured
- Waiver of subrogation
- Acord insurance certificate
- ISO form
- Primary & non-contributory clause
- Broad form contractual liability
What Do I Need To Get A Professional Liability Insurance Quote?
What Types Of Businesses Can Buy Professional Liability Insurance?
Why Do I Need Professional Liability Insurance?
You may also want toprotect your business from another person or business’s claims of bodily injury, associated medical costs, damage to property and defamation suits. Additionally, you may also need to protect your:
- Directors and Officers against lawsuits and negligent acts
- Online assets from cybercrime
- Business from prolonged periods of interruption
- Against dishonesty of your employees
- Office equipment and assets
- Hired or non-owned vehicles
Check out isure Types of Customers Commercial Insurance for coverage topics and advice for your specific industry or contact an online isure broker directly.
Are You Responsible For Your Contractor’s Or Sub-Contractor’s Accidents?
Can Your Business Survive Crime?
Business Interrupted? Now What?
isure Other Insurance
If A Water-Skier I’m Towing With My Boat Is Injured Due To The Way I Drive It, Will The Policy Provide Coverage?
What About Boating Insurance? Will The Policy Cover If I’m Towing A Boat And Trailer And They Come Loose From The Car And Cause An Accident?
Why Would I Consider A Personal Umbrella Liability Policy?
- Anyone who owns a home, condo, cottage or rental property should have one.
- Anyone who owns an automobile, a boat, snowmobile or ATV should have one.
- Anyone who has a swimming pool, trampoline or other recreational assets that may cause accidents or injury
- Anyone who does volunteer work or serves on a Board of Directors for non-profits should have one.
- And, anyone who travels outside of Canada should have one.
This can be important coverage if you accidentally injure someone or damage their property. As stated above, lawsuits are growing trends. Not only are there more of them, but also the amounts being sought are getting higher and higher. Many people assume their auto or home insurance will provide all the liability protection they need, but that’s not necessarily true. If you are faced with a lawsuit that exceeds what these policies provide, a Personal Umbrella policy can provide the extra protection you need. Personal Umbrella liability insurance can also protect you against risks not covered under your auto or home policies such as libel, slander, defamation of character, false arrest and wrongful conviction. The more you own, the more exposure you have for a claim against you for injury
to others and damage to their property. This important coverage is available at a very moderate cost. That’s why we recommend everyone have a Personal Umbrella liability policy. Call your isure broker to get started.
From Cabin To Cottage To Seasonal Home… Does My Insurance Coverage Cover Those Too?
- Can your seasonal dwelling be rebuilt for the amount you have it insured for now?
- In the event of a total loss, do you have enough contents coverage to replace
all of your personal possessions and assets.
Today you can get insurance for seasonal properties that’s as simple as basic fire coverage or as comprehensive as the coverage you have on your “principal residence”. Call us to review your cottage coverage needs, and we’ll make sure you get “insurance that fits!”
My Car Isn’t Listed. Can I Still Get A Quote?
Can I Get A Quote Online For Motorcycle Insurance Or Insurance For Other Recreational Vehicles?
How Can I Pay For My Insurance?
Will I Have To Pay A Down Payment?
How Do Insurance Payment Installments Work?
Can My Monthly Withdrawal Date Be Changed?
I Just Changed Banks Or Have Opened A New Account At The Same Bank, What Do I Do?
What Happens If I Miss My Payment Multiple Times?
What Happens With My Payments At My Next Renewal?
What Happens If My Monthly Payment Comes Back NSF (Non-Sufficient Funds)? What Are My Options? Am I Still Insured?
If I Get Cancelled For Non-Payment, What Will That Do To My Insurance History?
Business Interrupted? Now What?
The isure Difference
Does Isure Really Provide A Better “Human Touch” Than The Rest Of The Industry?
Are Isure And Its Parent Company, Isure Insurnace Inc. Fully Independent?
Is There One “Cheaper” Insurance Company?
What Is The Advantage Of Using Isure Vs. A Direct Insurer Or Online Insurance Quoting Site?
- more insurance choices and options – independent, wide selection and customized for you
- human touch – easy-to-deal-with, no nonsense company with a more satisfying customer experience
- digital speed – faster service, enabled by technology
- rethinking insurance – always a number of innovative steps ahead of our industry to ensure you get the benefit
- great value – making a difference on how much protection you get for how much you pay
deep knowledge and expertise – licensed brokers who can help you through the process, even when it makes us less money
Check out our isure difference that stacks up what we do vs. our leading competitors with our isure difference.