I do the odd handyman job on weekends. If I was sued, would my home policy respond to this?

No, it would not. In order to insure any commercial operations, it is important to have a commercial liability policy in place. Even if you are working for friends or family, it is always important to have a liability policy in place to protect you in the event of a lawsuit.

If I use my vehicle 50% for pleasure and 50% for business purposes, it is okay to have it rated for pleasure use?

No, it is not. If a vehicle is used for business purposes, whether it is sales, construction or any other occupation, it is important to have it rated this way to ensure proper coverage is in place.

Do I need to list my child on my auto policy or would they be covered automatically?

It is important that all licensed drivers living in the household are listed on your auto policy unless they have their own auto policy elsewhere. Failure to have all licensed drivers listed on your auto policy could result in denial of a claim.

Does my home policy cover my garden tractor?

If your garden tractor is over 30hp, it needs to be scheduled on your home policy. There is usually a limit of approximately $15,000 for garden tractors that do not exceed 30hp included in the special limits section of your home policy (please refer to your specific company wording for exact limits).

Am I covered if I rent a vehicle?

If your auto policy has the OPCF 27 endorsement then yes, you are covered if you rent a vehicle in Canada or the United States. However, specific limits and time frames apply to this coverage. Therefore, it is important to contact your broker to review this coverage with them.

What is the OPCF20/27 on my auto policy mean?

These Ontario Policy Change Forms provide you with the following; OPCF 20 – This change form provides coverage for transportation replacement. For example, if you have been in an accident and your vehiclecannot be driven, you will have coverage to rent a vehicle up to the limit on your policy. OPCF 27 – This change form provides you with comprehensive and collision coverage if you damage a rented vehicle. Your liability coverage and accident benefits coverage on your auto policy would apply to the rented vehicle. This coverage is only applicable while you rent or borrow a vehicle in Canada and the United States.

Is my jewelry covered under my contents on my homepolicy?

There is a section in your home policy called special limits. This will include some coverage for Jewellery. Limits vary by insurance company, but there is usually around $5,000 for Jewellery coverage. Any big items,such as watches, wedding bands, etc., should be scheduled on your home policy. If you have questions on your specific coverage, it is important to contact your broker.

Are my recreational vehicles insured under my homepolicy?

No, they are not. A recreational vehicle requires a separate insurance policy or in some cases, it can be added onto your auto policy.

Can I insure my friend’s car?

No, you cannot. To insure anything, you need to have insurable interest meaning your name must be on the ownership.

If I am renovating my house, do I need to let my broker know?

This depends on the size of the renovation. Cosmetic renovations such as new flooring, painting or updates to kitchens and bathrooms are not a material change in risk and therefore, do not need to be noted. However,if you are adding value to the house, such as finishing the basement, it is important to let your broker know, so we can ensure the limit on the house is sufficient. Any renovations that include additions to the house are important to let your broker know, so they can ensure proper coverage is in place, as this is a material change in risk.

Life Insurance in Ontario

Life Insurance Coverage For All Of Your Needs

It’s true that most people tend to plan for the future without giving much thought to what could happen, especially when those thoughts are about accidents or premature death.

Do you have a spouse?
Do your parents or grandparents depend on you?
Is there anyone to whom you would like to leave money?
What about capital gains? Would taxes after your death impair your family’s well-being?

Life insurance is protection against the events that you would have no control over should something happen to you. There are many different levels of coverage that you can choose from, depending on your needs, budget, and family obligations.

James Campbell Insurance has access to specialized insurance markets for your life insurance needs. Contact us to understand what insurance options are available for you.

LIFE, health & Travel Insurance

Life
Insurance

Travel
Insurance

Health
Insurance

Investments
Insurance

Critical Illness
Insurance

Dental
Insurance

Not Seeing Insurance coverage that fits your needs?

Why do I need Life Insurance Coverage?

While no one expects the worst to happen, it can and does. It’s the inevitable aspect of life. The question that you need to ask yourself is how your family or other dependents would get by if something were to happen to you

Funeral expenses today can cripple families financially. Most average funerals today can cost between $10,000 and $15,000. Can your family and loved ones afford that level of financial pressure?

Figuring out what level of life insurance you require and what type of life insurance is ideal for you and your family is one of the most challenging aspects. You can choose from term life insurance, permanent coverage, and more.

For most individuals, the determining factors are: how much the policy will cost, how much money the policy would pay out in the event of your death, maturity rate, and more.

Contact us at James Campbell Insurance Brokers to learn about the various life insurance policies that are available, how affordable they are, and rest assured knowing that your family, your loved ones will be taken care of into the future.

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Types of Life
Insurance Coverage

Term Insurance

Whole Life Insurance

Children’s Life Insurance

Family Life Insurance

Final Expense Insurance

Critical Illness Insurance

FAQs

What Types Of Insurance Does James Campbell Insurance Offer?

James Campbell Insurance offers a wide variety of personal and commercial insurance options for our clients. We offer vehicle, home and business insurance and more through a large network of insurance providers in Canada.

How Do I Lower My Insurance Costs?

If you are interested in lowering your insurance premium, speak with your insurance broker about the following:

Increasing your deductible (your share of the cost of a claim). By increasing the amount of the deductible you are willing to pay, you will decrease your premium;
Dropping your collision coverage on an older car;
Bundling your car and home insurance with other types of insurance with the same insurance provider;
Buying a car with a lower-cost insurance rating.

How Can I Make Sure I Have Enough Insurance?

Our experienced insurance brokers can help you assess your needs based on the details you provide about your home, business or vehicle. In the case of home insurance, taking a complete inventory of your belongings will help you understand how much coverage you need and this will also make it easier for you to file a claim. Along with your contents, your dwelling limit is required to be insured to value. Therefore it is important to let us know about renovations and updates that you make to your home.

What Is A Deductible?

A deductible is the dollar amount you are responsible for paying when making a claim. For example, if your auto insurance policy has a $1,000 deductible for vehicle collision and there are $5,000 in damages, you will pay the first $1,000 then your insurance company will pay the remaining amount of $4,000.

What Is A Replacement Cost?

Replacement costs are the total cost that your insurance company will pay to fully reconstruct your home if it were destroyed. The replacement cost will include things that may not be included in the resale value, like the cost and availability of skilled labour, debris removal, other expenses related to building codes, and more. If you have made upgrades or renovations to your home, be sure to speak with your broker to make sure you still have the right coverage.

What Information Do I Need For An Insurance Quote?

For an Auto Insurance quote, your driver’s license number, insurance history and driving records are important factors in getting an accurate quote. For a Home Insurance quote, details on the home, such as year built, square footage, style of home and updates on the roof, electrical, heating, and plumbing are all important factors in determining the premium. Additional factors, such as acreage, swimming pools and ponds all play a role in determining the coverage you will need along with the premium.