Yearly Archives: 2016

Freehold Townhouse vs Condo – Key Differences to Know

condo-vs-freehold-townhousesOn the real estate hunt? Unless you have a million dollars and massive down payment to spare, chances are detached houses are out of reach. It’s a reality facing many buyers, as prices have quickly outpaced income in Canada’s hottest housing markets.

Consider this: The average detached house price,

Read more ›

Posted in Home Insurance


Toronto Condo Prices at Major Intersections

For Torontonians who find the hustle and bustle of the city energizing and equate quaint suburban life to a bore, snatching up a spacious house and yard in the burbs likely isn’t high up on the agenda. A condo apartment conveniently located steps to transit, work and vibrant downtown shopping –

Read more ›

Posted in Home Insurance


111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Home Insurance, Life Insurance


Ontario Car Insurance – Will the Premiums Climb Up in 2017?

car-insurance-rates

Ontario car insurance rates are still by far the highest across Canada. This publication looks, in detail, at these rates and scrutinizes the recent approval of rate changes by the Financial Services Commission of Ontario (FSCO) to understand what consumers can expect in future.

We also look at several possible scenarios how car insurance rates can develop in 2017.

Read more ›

Posted in Auto Insurance


Cheap Fleet Insurance Quote – 33 Expert Tips How to Get It

fleet-insurance-quotes Unlike individual car insurance, a fleet insurance quote spans across multiple vehicles and covers significantly more variables.

We discussed all possible ways to save on fleet insurance with an experienced fleet insurance expert, and came up with a list of 33 ideas that will help you to save on fleet insurance.

Read more ›

Posted in Business Insurance


Weekly InsurEye Digest: ON Car Insurance Rates and more

Insurance was a hot topic across several news as social media channels last week, from news about auto insurance rates in Ontario to discussions about drone insurance and reports about flooding and storms. So let’s start…

Ontario has the highest auto insurance rates, with Brampton topping the list

car-insurance-rates-on-week-43
As Canadian insurance comparison platform Kanetix reported,

Read more ›

Posted in Auto Insurance


Car Insurance in Alberta – Rates Average $1,430 Per Year

Many publications are focused on Ontario’s high car insurance rates, so that’s why we decided to take a look at car insurance premiums in Alberta and provide more transparency about this topic, and how auto insurance quotes differ selected several Canadian provinces.

Car Insurance Rates in Alberta are 25% Lower than in Ontario

Analysis of data in our database indicates that Albertans pay,

Read more ›

Posted in Auto Insurance


Funeral Insurance in Nova Scotia: What You Must Know about its Recent Changes

Nova Scotia has just passed a new amendment to change two acts that affect the funeral service industry. We decided to zoom in on this topic to provide more clarity and to also get a consumer-focused perspective.

What are the Recent Changes Related to Funeral Insurance in Nova Scotia?

Read more ›

Posted in Life Insurance


Should You Use Your TFSA or RRSP to Save for a Down Payment?

saving-with-help-of-rrsp-and-tfsaWhen it comes to saving up for a down payment on your first home, it’s best to do so in a dedicated account. Because saving up for a down payment might take a few years, it’s even better to put your money in a tax-sheltered account like an RRSP or a TFSA.

Read more ›

Posted in RRSP / TFSA


When Buying a Condo on a Higher Floor is a Good Idea?

condos-higher-floors-toronto

One of the questions asked a lot by buyers looking at investment condos for sale in Toronto – typically pre-construction condos – is whether or not they should pay more to buy a unit on a higher floor since many end customers really enjoy great views from higher floors.

Read more ›

Posted in Home Insurance


Toronto Real Estate Cost per Square Foot by Neighbourhood

Cost Overview by Neighbourhood

First time buyers and transit-leaning Torontonians mulling over the idea of swapping out their rental payments for a monthly mortgage on a condo may be wondering – what can I afford to buy and what is a typical cost per square foot by neighourhood in Toronto?

Read more ›

Posted in Home Insurance


Cash Back Mortgages: The Pros and Cons You Must Know

Cash Back Mortgage: The Pros and Cons You Must Know You finally managed to save enough for a down payment when you’re suddenly surprised by the unexpected costs of buying your dream home. With moving expenses, lawyers’ fees, home inspections, title insurance, renovations and repairs, many experts suggest you put aside up to 5% of the price of your home to pay the bills.

Read more ›

Posted in Mortgage


How Much Down Payment for a House Do You Really Need?

How Much Down Payment for a House Do You Really Need - art-minWhen it comes to buying a home, your down payment is an integral part of the equation. How much down payment for a house you pay, determines your mortgage payments, how much mortgage insurance you pay (if any), and the amount of equity you have in your home. The larger your down payment,

Read more ›

Posted in Mortgage


Life Insurance for HIV Persons – Rates and Must-Know Tips

Life Insurance for HIV Persons in the Past

Life Insurance for HIV PersonsHistorically, HIV patients had a lot of difficulties in getting life insurance. In fact, the only type of insurance that was available for them was guaranteed issue life insurance, which costs the most and covers the least. The maximum amount people with HIV could get in those cases was $25,000.

Read more ›

Posted in Life Insurance


Insurance Companies in Canada – Who Owns Whom

Insurance Companies in Canada - Property and Casualty - Who owns Whom

Here you can download this infographic as a PDF.

The variety of insurance companies in Canada is not what it appears to be in the Canadian market.

Read more ›

Posted in Auto Insurance


Life Insurance and Zika Virus – What You Must Know

Table of Contents (click on a section to jump)

  1. General Info about the Zika Virus
  2. Zika and Insurance Risks
  3. Zika Virus and the Ability to Get Life Insurance
  4. What Life Insurance plans and rates do Insurers Offer for Zika Cases?

Read more ›

Posted in Life Insurance


32 Items Hijacking Your Life Insurance Rates – Infographic

Read more ›

Posted in Life Insurance


Condo Insurance Coverage Limits – Are You Underinsured?

Condo Insurance Coverage

Though condo insurance is not a very complicated insurance product, there is often more confusion around condo insurance coverage limits since there are several policies involved into condo protection, including:

  • Commercial Condo Insurance – an insurance policy owned by a condo corporation that typically covers the structure of the building and common areas.

Read more ›

Posted in Home Insurance


Selling your home? 1 out of 6 Toronto homes don’t sell on the first try

Selling your home? 1 out of 6 Toronto homes don’t sell on the first try

The word “hot” preludes almost every mention of the Toronto housing market, with news headlines reporting on significant spikes in sales figures and prices on a month-to-month basis. Even a superficial glance at the numbers is enough to resoundingly prove how real estate in Canada’s largest metropolis is experiencing a record-breaking streak.

Read more ›

Posted in Home Insurance


Multiple Sclerosis Life Insurance – How Much Does It Cost?

Mutliple Sclerosis and Life InsuranceAs if you don’t have enough to worry about if you are diagnosed with multiple sclerosis (MS), but hearing that diagnosis means you also have to worry about your insurance rates. Can you even get insurance if you have MS? Are your rates going to skyrocket? How can you protect your family financially if things progress to the point where you can no longer work?

Read more ›

Posted in Life Insurance


How to Pay Off Mortgage Faster – 10 Crucial Tips for You

How to Pay Off Mortgage Faster

Canada’s household debt is at a record high: it’s expected to rise to 174% this year (it was at 171% at the end of 2015). This means that for every $100 of disposable income, households have debt payment requirements of $171. A recent report from the Parliamentary Budget Officer said that of any other G7 country (leading industrialized countries),

Read more ›

Posted in Home Insurance, Life Insurance


Condo Insurance for Landlords | What You Must Know

condo-insurance-landlord

The real estate market in many Canadian cities continues to stay hot, leading many to invest in condos to rent out, and that means a different set of insurance requirements for both the landlord and the tenant. Unlike usual home insurance, there is an additional party involved – the condominium corporation.

Read more ›

Posted in Home Insurance


Cheap Uber Insurance Has Arrived – What You Must Know

uber insurance

In the last few months there were many heated discussions and arguments about Uber’s ride-sharing services. Apart from the emotional side that Uber drivers put pressure on cab businesses, there was an issue with insurance that had not been properly resolved – what kind of insurance do Uber drivers need and what should it cover?

Read more ›

Posted in Auto Insurance
Tags:

Average Home Insurance Cost: Paying Too Much?

Home insurance costs probably represent a considerable part of your insurance budget. It is also an insurance type that you do not want to forget – nobody wants to live without a roof over his/her head. It is not easy, though, to understand if you are overpaying for your current home insurance.

Read more ›

Posted in Home Insurance


Life Insurance Rates Scout Is Live – Find Out if You Pay Too Much

Unlike auto and home insurance, life insurance is an insurance product that is much more difficult for people to understand. As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need.

Read more ›

Posted in Critical Illness Insurance, Disability Insurance, Life Insurance


Car Insurance in Alberta | Exclusive Insights into Insurance Rates

There is a lot of information available about car insurance rates in Ontario and how they are the highest in the country. That’s true — according to our own database of insurance rates, on average Ontario drivers pay $160 per month for their car insurance.

car insurance alberta - monthly rates

How does car insurance in Alberta compare to Ontario in terms of insurance premiums?

Read more ›

Posted in Auto Insurance


When is the best time to buy a house?

home-snowIn a market dictated by sharply transitioning seasonal highs-and-lows, savvy house hunters looking to save big on their home purchase would be wise to choose the lull month of January to sign on the dotted line.

That’s according to a new report from our friends from the real estate website TheRedPin.com,

Read more ›

Posted in Home Insurance


Need Home Insurance? 5 Horror Insurance Claims to Be Aware of

If you want to change your existing insurance or need a home insurance policy for your new home, it is better to be informed in advance about the most complicated insurance claims. That will allow you to ask your insurance company the right questions.

Going through a home insurance claim can be a pain.

Read more ›

Posted in Home Insurance