If you advertised your holiday plans on social networking sites such as Facebook, Twitter about your exact location and your home gets burgled while you were away-you may face a crackdown from the insurance agency. Insurance companies have decided to take information being put social networking sites into account when analysing claims. Research into the online activities [...]
RRSP March 1, 2011, is the deadline for contributing to an RRSP for the 2010 tax year. December 31 of the year you turn 71 years of age is the last day you can contribute to your own RRSP. See Options when turning 71 for more information. RDSP The deadline for opening an RDSP, making contributions and applying [...]
-By Sally Praskey, Editor, Insurance Canada ConsumerInfo You have a claim that you thought would be covered by your insurance. That’s why you bought your policy in the first place, right? Yet your insurance provider is insisting that your claim is not covered under your policy. What do you do? First, ask your insurance provider [...]
LIFE INSURANCE CHECKLIST Following are some key questions to ask your insurance provider BEFORE you purchase your life insurance. What is guaranteed in the policy and what isn’t? (This should include all aspects of the policy: the premiums you pay, benefits you receive, how and when “riders” apply, and so on). How long has your [...]
-By J.B.M. Murray “My husband and I both work. I pay for a Family Health Plan at my work because my company will carry us on our plan when we retire. My husband belongs to Blue Cross, but his company drops his plan when he retires. Now here’s my question. I have no trouble getting [...]
-By Sally Praskey, Editor, Insurance Canada ConsumerInfo No one looks forward to buying or renewing their insurance, but here are some tips that will make the process a little easier. Ask your insurance provider what the policy doesn’t cover. The perils that are not covered are called “exclusions,” and every policy has them. Find out [...]
Choosing an Insurance Provider Before you purchase your insurance, consider whether you want to buy through a “direct” insurer, an agent, a broker, or a group plan. What’s the difference? Agents and direct insurers represent one insurance company and offer only the products of that company. If that company has a range of products, then your needs will likely be [...]
-By Sally Praskey, Editor, Insurance Canada ConsumerInfo Learning the Lingo “Insurance speak” is a language unto itself, so it’s no wonder consumers get confused trying to decipher their insurance policy. As a first step, get comfortable with the following basic terms, and refer to the Glossary for additional definitions. Claim – a person’s request for payment [...]
Insurance, at its core, is just a way of managing risk. Life has a way of throwing unexpected curves, so it’s important to ensure your financial health isn’t interrupted by things that can’t always be foreseen. Although wants to expect the worst to happen, we still need to be prepared to handle life’s emergencies in [...]
