FAQ

Insurance Brokers do the work for you. We work with several insurance companies to find you the best coverage and price for your insurance needs. You are never alone because a broker acts on your behalf.

Yes. Third-Party Liability, Accident Benefits and Direct Compensation for Property Damage (DCPD) are mandatory coverages in the province of Alberta. You must carry these coverages if you are operating a vehicle on any public land or roadway.

We recommend calling your broker to discuss this. If your child resides in the home, does not have their own vehicle with insurance, and has access to the vehicles you insure, they should be added as a driver. This may result in additional premium but will protect you in the event of a loss. Adding them to your policy will also help them start to build their insurance history.

Driving experience and your insurance history are rating factors insurance companies consider when determining rates. In addition, the vehicle you drive and the type of use will impact the premium.

Lending your vehicle means you are also lending your insurance. The policyholder is responsible for anything that arises from the use. Frequent users or those persons residing in your home without their own vehicle & insurance may need to be added as drivers.

It is very important to review your policy to ensure you are being accurately rated. Any update to your home should be communicated with your broker as soon as possible.

Installing backwater valves, sump pumps, and water alarms is a great way to reduce your exposure to water damage. Ensuring all grading outside the home is slopped away, and keeping belongings off the floors and in waterproof containers can help reduce your exposure to water damage.

This is very important to discuss with your broker. If a home becomes vacant or rented to another, the type of coverage you are eligible for may change. Without disclosing this information, you may be underinsured or uninsured in the event of a loss.

Replacement cost is the cost to replace a piece of property with a new one of like kind and quality without the application of depreciation.

This will depend on the applicant’s history related to insurance payments. Generally, if you have been cancelled for non-payment, you won’t qualify and may have a waiting period before you are eligible again for a payment plan.