Miriam Quiroz- Insurance Broker

04/19/2024

While it may be tempting to file claims for minor car dents or property damage, doing so could result in higher premiums. Remember, repair or replacement expenses below your deductible are typically not covered by your insurer. Additionally, reconsider claims with repair costs slightly exceeding your deductible, as your insurer may only cover a small portion of the claim, potentially leading to a premium hike. For instance, if you file a claim for a valued at $1,000 with a $500 deductible, you may recover $500 from your insurer, but your premiums could rise significantly, costing you more over time. Before filing a claim for minor damages or losses, consult with your insurance broker to determine whether it's worth the potential premium increase. Sometimes, paying out-of-pocket makes more financial sense in the long term.

08/05/2022

Telematics works using a device installed in your car or a mobile app that determines the level of risk by the way that you drive. Some insurance providers use a device, some use an app, and others use a combination of both. A few factors that insurance companies monitor using telematics are acceleration, speed, braking habits, and the time of day that you drive. Accidents are known to be more common between midnight and 4:00 or 5:00am. You can save between 5% and 30% depending on your insurer and your driving behavior. If you are a safe driver, telematics might be right for you. If you have high risk driving habits, you may get a surcharge.

Need to find ways to lower your premium? If you want to find ways to lower your rates, talk to us and we can help you get no-obligation quotes for you to review.

03/31/2022

Para todas tus necesidades en seguro.

03/11/2022

FACT!!!

Fact: Driving a car with Suspension of Coverage (OPCF16) in place can get your policy cancelled.

Signing an OPCF16 (Suspension of Coverage) means that you will not be using your car during a specific period.

With OPCF16, you get some protection so long as you follow the rules specified, one of which is not driving your car.

If you drive your car while OPCF16 is in place and get into an accident, even if you intend to pay for damages yourself, your insurer can find out and cancel your policy.

A cancelled policy may create an increase in your premium once you try to obtain insurance again.

So if you tell your insurer that you aren’t driving, it’s simple—you can’t drive!

Be sure to follow the rules that you agreed to when signing your OPCF16.

If you would like to learn more about OPCF16 endorsement, call us anytime and one of our Licensed Brokers can help you better understand.

01/18/2022

10/16/2020

Fact: Living within close proximity to a fire hydrant and a fire station lowers your home insurance rates.

Fires are a large risk when it comes to owning and insuring a house, which is why insurance companies often offer discounts to houses located near a fire hydrant and/or a fire station. Close proximity to either one can help reduce the amount of damage caused by a house fire if one were to occur.

Consumers may overlook this, since houses typically located in urban or suburban areas will be near both a hydrant & firehall; however, houses located in rural areas may not have hydrant access or be farther than 8 km from a fire station. In these cases, they are considered 'semi-protected' or 'unprotected', and as a result, they have higher home insurance premium - sometimes more than double the cost of insuring the same home with hydrant & firehall access!

05/08/2020

Hit & Runs no están cubiertos si ha reducido su seguro a la cobertura de automóviles estacionados solamente.

Si ha reducido su cobertura de seguro de auto, asegúrese de que su vehículo esté almacenado en un lugar seguro.

Hit & Run cae dentro de la cobertura de colisión, que se elimina una vez que estaciona el vehículo con una cobertura completa u OCPF 16. La cobertura de colisión lo ayuda a pagar para reparar o reemplazar su automóvil si se daña en un accidente con otro vehículo u objeto, como un árbol o una cerca.

Si su vehículo está estacionado en la calle y es golpeado por otro vehículo, es probable que su póliza de seguro no cubra los daños y puede terminar pagando los daños usted mismo.

Asegúrese de estacionar su vehículo en un lugar seguro contra colisiones para evitar gastos innecesarios.

Fact: Hit & Runs are not covered if you have reduced your insurance to parked car coverage only.

If you have reduced your auto insurance coverage, make sure your vehicle is stored somewhere safe.

Hit and run falls under collision coverage which is removed once you park the vehicle with comprehensive coverage. Collision coverage helps you pay to repair or replace your car if it is damaged in an accident with another vehicle or object, such as a tree or a fence.

If your vehicle is parked on the street and gets hit by another vehicle, your insurance policy will likely not cover the damages and you may end up having to pay for the damages yourself.

Make sure to park your vehicle somewhere safe from collision to avoid unnecessary expenses.

04/02/2020

¿Cómo presento un reclamo mientras estoy en cuarentena?

Si necesita presentar un reclamo, nuestro departamento de reclamos está en pleno funcionamiento de forma remota las 24 horas, los 7 días de la semana. Llámenos al 1-888-746-4099 o envíenos un correo electrónico a [email protected].

Wondering how to file a claim while in quarantine?

If you need to file a claim, our claims department is fully operational remotely 24/7. Call us at 1-888-746-4099 or email us at [email protected].

We are still one email or phone call away and are ready to assist you during this difficult time.

03/18/2020

As the global outbreak of coronavirus causes a lot of reasons to cancel your trip, you might be wondering how it would affect your travel insurance.

02/20/2020

Invest in your future!!

According to a new CIBC poll, 32 per cent of Canadians between 45 and 64 have nothing saved for retirement.