Typically, if you lend your car out to someone from time to time, and they have a driver’s license that is in good standing, your policy will provide the primary coverage in the event of an accident. If your friend has an insurance policy, their policy will likely only cover the amount over and above…
Congratulations on your engagement! After spending countless hours shopping for the perfect engagement ring, it represents not only an investment of time and money, but it symbolizes your hopes for the future. Engaged couples have a million things on their mind: venues, guest lists, cake, the dress, and so many more. But if there is…
Everybody makes mistakes, but when you make a mistake driving your car, it can get expensive. Many traffic violations have a demerit point attached to them. When you commit a violation, the demerit points are added to your driving record. If you receive 15 or more demerit points in a 2-year period, your license will…
When people first start to think of insurance, it is typically related to their first car, or their first home, and it is usually because the law or bank requires us to purchase it. Although tenant insurance is not required, it is equally as necessary to have. Your landlord may have insurance that protects his…
When inexperienced drivers are just starting out with their license, they have no prior record to prove that they practice safe driving habits. Since accident rates for young drivers have always been high, especially for young single males, insurance companies need to protect themselves against potential losses. This protection is passed on to young drivers…
In today’s real estate market, it is not uncommon for homes to remain unsold, forcing sellers to move and leave their property vacant. Vacant homes are at a higher risk for vandalism, malicious acts, water damage and glass breakage, meaning they are also riskier to insure. All Calgary home insurance contracts include a clause that…
Leaving your home unattended while you go on vacation can cause you to stress when you should be relaxing. This is especially the case during the winter months. What if the pipes freeze? What if there is an electrical fire? Failing to adequately prepare your home could turn out to be quite costly. Taking the…
Many people expect their car insurance to automatically drop because they have been with the same insurance company for a couple years. The assumption is that if they do not have any claims, their rates will go down. Unfortunately, this is not always the case. Drivers who are thought to be at risk for accumulating…
Auto insurance premium rates are based on a variety of risk factors, and vary by company. Your age, gender, the type of car you drive, the number of years insured, any prior accidents, claims, or traffic violations are all factors that may be taken into consideration when calculating insurance premiums. For example, a driver that…