Your ultimate insurance guide


How to Choose an Insurance Company

Insurance is sold through four main channelsSaskatchewan,insurance against damage to a
in  Canada.vehicle is available on a voluntary basis. If
this insurance is not purchased and the
Brokers- selling products of differentvehicle driver is totally at fault in an
insurance  companies.accident, there will be no recovery at all
for  vehicle  damage.
Agents- selling only the products of one
insurance  company.Insurance companies are registered with and
supervised by the federal or provincial
Direct sellers- generally selling only thegovernments regardless of whether they are
products of a particular company viaforeign-owned, part of big conglomerates or
telephone  from  call  centres.mutual  and  stock  companies.
Group plans- sold either through the peopleGenerally, insurance companies use the same
above or through the workplace, alumnibasic policies for auto insurance, since this
association, professional association, orarea is regulated by government, so you will
other  group  affiliations.have to look at the details of service and
products to see which company might provide
If you want auto insurance, coverage for youryou with the best service and options for
home, condo or your belongings in a rentalyour vehicles. There are a number of options
unit, or travel insurance, you will need ain  home  insurance  among  companies.
product (as they call insurance policies)
from one of the approximately 213 privateAsk friends and relatives about their
Property and Casualty (P & C) or generalinsurers. Were claims paid promptly without a
insurance companies. If you want life orgreat deal of red tape? Were insurers capable
health coverage, you will need a product fromof dealing with a number of claims during
one of the about-100 Life companies. Therecatastrophes like the Great Ice Storm or
are compulsory auto insurance plans, run bymajor power outages or floods? Did insurers
government, in British Columbia, Manitoba andoffer a range of plans customized to the
Saskatchewan and, in Quebec, bodily injury inclients specific needs. Of course, premiums
auto accidents is provided by the governmentfor insurance coverage vary greatly among a
insurer.number of insurers. No matter what you hear,
premiums for auto insurance, in particular,
When you first set out to buy insurance, takevary by insurer, sometimes by very large
a close look at your needs. For instance,amounts. And when one insurer will not touch
consider your liability. If you drive a cara prospective customer, another company will
or own a home, liability insurance willaccept the client with open arms. It all
protect you for the liability you have fordepends on what an individual insurance
causing injury or death to other people orcompany feels is an acceptable risk at the
damage to their property. Consider yourpremium  price.
losses if you become sick or die; health and
life insurance can protect you and yourThere are insurers who will take on unusual
family against some of these losses. Berisks. For instance, there are insurers who
careful when considering coverage. Forwill cover pets including what could be very
instance, except for Manitoba andexpensive veterinarian bills.



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