Do You Need Motorcycle Gap Insurance?

If you take out a loan to purchase your motorcycle, there's a risk you may end up owing more on the bike than it's worth due to depreciation. This can be a serious problem if you ever wreck your bike, because the insurance company will typically only give you the depreciated value of the vehicle, leaving you with the balance left on the loan. Gap insurance can help eliminate this liability by paying the difference between the loan amount and the market value of the motorcycle at the time of the accident.

3 Ways to Reduce Auto Insurance Rates

Are you looking for ways to reduce the cost of your monthly auto insurance premium? If you want to avoid losing coverage, then there are viable options to lowering the cost of your insurance policy, without the worrisome need to cut your coverage. Here are a few great ways to reduce the cost of your auto insurance rates. Update Your Insurance Policy Profile If your personal information has changed since signing up for your policy, such as the distance between your home and job, your employer, and the type of vehicle you drive then you can likely receive discounted insurance rates.

Should Your Landlord Include Your Property In Their Home Insurance Policy?

When you rent a home, you get some benefits that you wouldn't receive if you actually owned the place. Dealing with broken air conditioners, clogged toilets, and mowing the lawn is all the domain of the landlord – and their wallet. You might assume that maintaining insurance for everything on the premises is also the landlord's duty, but unfortunately that's not the case. When you are a renter, you are responsible for insuring all of your personal possessions.

Car Insurance Basics: Excluded Drivers

As your family grows, so do the number of licensed drivers living under one roof. For many Canadian automobile owners, this means adding new drivers to their existing car insurance policy is a frequent chore. But, in some cases, there may be someone in your home who you believe doesn't need to be added to your policy. Is it time to ask your auto insurance provider for an excluded driver endorsement?

Protect Yourself from Business Income Interruptions

Small businesses often run on a very tight budgets. It doesn't take much to throw the business off and make it so it will start to fail. That's why any kind of business interruption can be deadly. If you are a small business owner, one of the smartest things you can do to protect your business is to get business interruption insurance.  What Is Business Interruption Insurance? This kind of insurance is also called income insurance.

Choosing The Right Level Of Coverage For Your Vehicle In Ontario

Car insurers have a wide range of options for Ontario drivers seeking to both meet the minimum requirements mandated by their province along with coverage for specific events. Many companies make this easier by offering packages that bundle the coverage required by law along with popular extras, but it is important to be aware of options individually to choose the ones that best suit your needs and budget. Minimum Insurance Requirements

All Risk Home Insurance: Key Exclusions

Most homeowners have a so-called "all-risk" insurance policy. This type of coverage insures your property against any risk except for those specific exceptions, or uninsured perils, named in the policy itself. It's crucially important for homeowners to know what risks are typically not covered by the average all-risk policy. Here's a look at some of the main exclusions in these common home insurance policies.    Flood Flood coverage is separate from an all-risk policy.

Shopping For Homeowners' Insurance? Consider These Four Extra Coverage Options

A typical homeowners' insurance policy will cover the structure of your house, its contents, and liability to other people. However, these are not the only risks you face in your home. Here are four examples of additional coverage to cover some little-known risks: Inflation Protection This extra gives you the opportunity to keep up with inflation. Without it, you are only entitled to the amount specified in your policy, which may not be enough to indemnify the risk assured because the inflation may have eroded your money's worth.

Tips For Buying Property Insurance

Keeping your property safe from damages can be an impossible task because there are a seemingly countless number of threats that can randomly strike. Luckily, it is possible to purchase property insurance that is designed to protect you from the financial problems that these damages can cause. However, choosing a property insurance plan can be a complex and important task, but many new homeowners may feel overwhelmed by this process. Following a couple of simple tips will help ensure that you make a smart choice when it comes to choosing an insurance plan for your property.

3 Ways To Avoid An Increase In Your Auto Insurance Rates

Nobody wants to pay more than they need to for their car insurance. Still, many Canadians will find an increase in their rates this year when they go to renew their existing policies. And while an increase in rates is sometimes inevitable (such as when the insurance company hikes everybody's rates to account for changing trends), there are still a few steps that policyholders can take to prevent other types of rate increases.