Whether you are a small business owner, a tenant, a traveller, or own real estate, insurance is an important way to protect yourself from unexpected loss or damage.
Below you will find a list of insurance topics that may help identify problems before they arise:
By knowing the difference between basic and extended auto coverage, you can ensure that your vehicle is protected according to your needs.
Basic Auto Coverage
All licensed vehicles in the province are insured with the mandatory basic plate insurance coverage through the Saskatchewan Auto Fund administered by Saskatchewan Government Insurance (SGI), which typically includes third party liability protection, auto damage coverage and personal injury coverage up to $200,000. Depending on your personal circumstance, this may not be enough to cover all of your losses in the event of an accident.
Some things to consider when thinking about auto insurance options include:
You may have other factors to consider. You can ask an agent, broker or insurer about your specific circumstances.
Extended Auto Coverage
Talk to an insurance company, agent or broker if you are interested in extended auto coverage such as:
It is also a good idea to compare policies in terms of extended coverage as the particular coverage amounts, deductibles and features may differ from company to company.
Drastic changes in Saskatchewan weather can mean severe temperature changes. As the temperature fluctuates, make sure your insurance policy provides coverage for damage caused by weather-related events.
Some other helpful insurance tips to keep in mind:
You never know when a sewer backup might occur. Not all policies cover sewer backups, so talk to your broker or agent to find out if you’re covered.
Here are some helpful tips to keep in mind:
Frigid temperatures and mounds of snow can wreak havoc on a home, but regular maintenance can help to avoid unwanted insurance claims.Not all policies cover losses caused by ice damming or burst pipes, so talk to your broker or agent about the specifics of your coverage.
Avoid unwanted house insurance claims by following a few maintenance tips:
Renters have many of the same concerns as owners when it comes to protecting their property and dealing with liability claims from third parties. The landlord will likely have insurance that covers any loss or damage to the building, but that insurance does not extend to your belongings as a renter or your liability as the occupier of the property. As a renter, you may want to consider having our own insurance as a way to protect your interests.
There are many different kinds of insurance available. For example, there is insurance that can help you replace belongings that are lost or damaged due to fire, flood, theft, or vandalism, and insurance that can provide compensation if you have to relocate temporarily or otherwise. There is also insurance that helps protect renters from liability for injuries to people visiting the property (guests or delivery people slipping on icy sidewalks, for example).
Landlords can require you to have insurance coverage, but they cannot require you to purchase a particular policy or type of coverage, nor can they give you advice about different policies. If you decide to purchase renter’s insurance, discuss your needs with a licensed insurance broker or agent. Before buying a policy, make sure to read it carefully and know exactly what it does and does not cover.
Seasonal changes, specifically ice melting and high water levels can affect your property. Protect yourself by reviewing your insurance policy for water damage coverage and talk with your broker, agent or insurance company if you have any questions or concerns.
There are multiple ways water can damage your home or property and not all water damage is automatically covered in basic insurance policy packages. You might have to pay for additional coverage. Make sure to thoroughly read your policy, and to contact your broker or agent if you are unsure of your coverage.
Types of water damage that insurance may cover include:
Here are some tips to help minimize water damage this spring:
Are you prepared for extreme weather events such as flash flooding and tornadoes? Have you considered if your home and car are is protected from hail and wind damage? It’s important to be prepared for severe weather. Protect your property by making sure your home and auto insurance policies adequately covers severe weather damage.
Here are some severe weather tips to consider:
Find more tips at: