Road trips can be fun, but there are many opportunities for things to go wrong. Driving on unfamiliar roads, and in possible extreme weather conditions, puts you at a higher risk for an accident. It is important for you and your family to be prepared for the unexpected. Polices purchased in Canada are only valid…
This is a common question that is asked of customer service agents at car rental companies all over the country. Many people assume that their auto insurance will follow them no matter what vehicle they are driving. This is not the case when it comes to rentals. Your policy will not automatically provide coverage for…
You’ve made the move to another city, and on top of the extra expenses of boxes and packing supplies, hiring movers, deposits for utility companies, and having your mail changed over, now you find out that the cost of your insurance has gone up too. When calculating premium rates, insurance companies consider many factors. The…
Typically, if you lend your car out to someone from time to time, and they have a driver’s license that is in good standing, your policy will provide the primary coverage in the event of an accident. If your friend has an insurance policy, their policy will likely only cover the amount over and above…
Everybody makes mistakes, but when you make a mistake driving your car, it can get expensive. Many traffic violations have a demerit point attached to them. When you commit a violation, the demerit points are added to your driving record. If you receive 15 or more demerit points in a 2-year period, your license will…
When inexperienced drivers are just starting out with their license, they have no prior record to prove that they practice safe driving habits. Since accident rates for young drivers have always been high, especially for young single males, insurance companies need to protect themselves against potential losses. This protection is passed on to young drivers…
In today’s real estate market, it is not uncommon for homes to remain unsold, forcing sellers to move and leave their property vacant. Vacant homes are at a higher risk for vandalism, malicious acts, water damage and glass breakage, meaning they are also riskier to insure. All Calgary home insurance contracts include a clause that…
Many people expect their car insurance to automatically drop because they have been with the same insurance company for a couple years. The assumption is that if they do not have any claims, their rates will go down. Unfortunately, this is not always the case. Drivers who are thought to be at risk for accumulating…
Auto insurance premium rates are based on a variety of risk factors, and vary by company. Your age, gender, the type of car you drive, the number of years insured, any prior accidents, claims, or traffic violations are all factors that may be taken into consideration when calculating insurance premiums. For example, a driver that…