Frequently Asked Insurance Questions

Most tickets will stay on your driving record for three years from the date of conviction.

Claims stay on your driving record for 6 years.

No, the color of your vehicle does not affect the rates.

If you lend your vehicle, you essentially lend your insurance. A claim in your vehicle will be rated as if you were driving the vehicle. It is always important to verify that the individual has a valid driver’s license before letting them drive your vehicle.

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.

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

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

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.

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.