General Information
Q: I am in the process of buying a house. Do I need insurance?
A: If you have a mortgage, your financial institution will require it. However, if you are mortgage free, it is up to you. On the other hand, do not forget that your home represents a big investment. So, think about it carefully. Make sure you have the right coverage: market value, replacement cost, deductible, etc. The world of insurance is not always easy to understand, and you can get lost quickly.
Q: I am a newly licenced driver. Do I qualify for rebates?
A: A recently licenced driver could qualify for rebates. Indeed, with a recognized driving course, the new driver is credited with 6 years of driving experience. Without the course, the new driver will be credited 3 years of driving experience. However, you may lose those credits if, for example, you lose demerit points or you are involved in an at-fault accident.
Q: I just moved to an apartment. Do I need insurance?
A: Yes, it is a very good idea. Be aware that the owner may have insurance on the building but this does not cover your personal property or civil liability.
Q: I lent my car to my friend who was involved in an at-fault accident. What happens to my insurance?
A: If the person borrowing your car has an accident while driving your car, that collision will be recorded on your insurance record. When you lend your car, you also lend you record.
Q: I just received my insurance bill. It is not worth shopping around because they are all the same.
A: On the contrary! Shopping and comparing is definitely worth it. Be sure to ask questions and inquire about any available discounts.
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