How do insurance brokers make money? Insurance brokers are typically paid a commission by the insurance company when they place or renew a policy, rather than charging the client a separate fee for standard personal insurance advice. Because brokers can work with multiple insurers, they can compare coverage and pricing on a client’s behalf. Commission […]
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Why are home insurance rates increasing in Edmonton? Edmonton home insurance premiums can rise because of higher rebuilding costs, inflation, severe-weather claims, water damage, wildfire exposure, reinsurance costs and changes in an insurer’s loss experience. Rate increases are not the same for every homeowner. Your home’s age, location, claims history, coverage limits, deductible and upgrades […]
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What are the benefits of bundling insurance? Bundling home, auto, condo or tenant insurance with one insurer can make policies easier to manage and may qualify you for multi-policy discounts. It can also give your broker a clearer view of your overall coverage and help reduce gaps. Savings vary by insurer and customer, so compare […]
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Can I switch from one insurance company to another? Yes, you can generally switch insurers before your current policy renews, although cancelling mid-term may result in a cancellation charge. Compare equivalent limits, deductibles and endorsements before switching, and make sure the new policy is active before the old one ends so you avoid a lapse […]
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How can you tell if an Edmonton insurance broker is properly licensed? Alberta insurance brokers and agents must meet provincial licensing requirements to sell insurance. Consumers can ask a broker for their licence information and verify licensing through the appropriate Alberta insurance regulator or industry resources. Accreditation, professional memberships and continuing education can also be […]
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Is it worth getting insurance through a broker? It can be, especially if you want help comparing coverage and pricing from multiple insurers instead of researching each company yourself. A broker can explain policy differences, recommend coverage based on your risks and help with renewals or claims questions. Using a broker does not guarantee the […]
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Can an insurance broker help you save money? An insurance broker can compare quotes and coverage from multiple insurers, identify discounts and help you avoid paying for protection that does not fit your needs. A broker may also help you bundle policies or adjust deductibles and limits strategically. Savings are not guaranteed, but comparison shopping […]
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Whether you are buying a vehicle, a bunch of bananas or even a home– you and your family’s well being may depend on finding the best deal possible. Because of this, every good consumer knows the value of “shopping around.” Well, the same goes for insurance! Comparing insurance rates is the most effective way to […]
Read MoreWhat is the Intact Insurance bundle discount? Intact offers eligible customers a multi-policy discount when qualifying home and auto insurance are bundled together. The amount you save depends on your location, insurance profile, products and current eligibility rules, so there is not one guaranteed discount for every customer. Compare the bundled premium and coverage with […]
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Does bundling home and car insurance make it cheaper? It often can, because many insurers offer a multi-policy discount when you place your home and auto insurance together. Bundling can also simplify billing and renewals, but it is not automatically the cheapest option. Compare the total premium, deductibles, limits and coverage against separate policies before […]
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