The Alberta auto insurance market is in flux as both Sonnet Insurance and Aviva Direct Insurance have opted to leave the province (Sonnet auto only and Aviva Direct entirely). This sudden change in the market has left many with questions. Why did these companies leave Alberta? Is Alberta car Insurance bad business? What does this mean for policyholders with these insurance companies? Today, we seek to provide answers to some of these questions.
7 min read
What Does Sonnet Leaving Alberta Auto Insurance Signal For the Industry?
By Jake McCoy on Jul 17, 2024 6:45:00 PM
Topics: Online Quotes Auto Insurance Car Insurance
7 min read
Protecting Your Business with Cyber Insurance
By Jake McCoy on Jul 14, 2024 12:45:00 PM
In today's digital age, businesses rely heavily on technology to manage their operations, communicate with customers, and store sensitive data. However, with the rise of cyber threats such as hacking, data breaches, and malware or ransomware attacks, businesses are increasingly vulnerable to cybercrime. As a business owner, it's crucial to protect your business from cyber threats with the right insurance coverage.
1 min read
Armour Day off Raffle Supports Stollery Children's Hospital Foundation - Racing For the Cure
By Jake McCoy on Jun 19, 2024 10:02:45 AM
At Armour Insurance, we love finding ways to give back to the community and offering innovative perks to our team members. When you combine both of those together, you get the Armour day off raffle program. The program is pretty simple: Armour team members from all levels can purchase raffle tickets for $2 each. At the end of the month at one of our famous happy hours, we take all of the tickets that were purchased throughout the month, and we draw one ticket out. The person who purchased the winning ticket wins an additional paid day off!
Topics: Culture Armour Insurance staff
5 min read
Insurance Companies and Climate Change: What's Being Done?
By Jake McCoy on Jun 5, 2024 1:51:06 PM
Insurance companies are in the business of risk management and mitigation. They use data and analytics to determine the likelihood of a risk occurring and what the costs for the respective damages would be if it were to happen. If insurance is not available or prohibitively expensive, the risk is probably quite high. This leads us to the main question of the day; what is the risk climate change poses to Canadians and what insurance companies are doing about it?
Topics: Inflation Alberta Insurance Climate Change
4 min read
Co-Insurance Explained: The Hidden Cost of Underinsuring Your Property
By Jake McCoy on May 23, 2024 2:00:00 PM
Co-insurance remains one of the most perplexing concepts in insurance, often leaving policyholders puzzled about its implications. In this article, we aim to demystify co-insurance by shedding light on what it entails and how it works.
Topics: Commercial Insurance Alberta Commercial Insurance Quotes Co-Insurance
2 min read
Intact Insurance Partners with Wildfire Defense Systems Ahead of Wildfire Season
By Jake McCoy on May 13, 2024 9:15:00 AM
Intact Insurance has partnered with Wildfire Defense Systems (WDS) ahead of the 2024 wildfire season. This is just one of the measures that Intact Insurance has made to protect the personal property of their customers in Alberta and British Columbia.
Topics: fire insurance fire safety intact insurance
5 min read
The 5 Most Common Types of Water Damage and How to Prevent them
By Jake McCoy on May 2, 2024 1:45:00 PM
Water damage can be a homeowner's worst nightmare, causing not only financial strain but also health hazards if left untreated. Understanding the common types of water-related home insurance claims and implementing preventive measures can save you from costly repairs and headaches down the line. Here’s a breakdown of the most prevalent types of water damage and how you can mitigate the risks.
Topics: home insurance Water damage home maintenance
2 min read
Growing Cannabis at Home: How it Affects Your Property Insurance
By Jake McCoy on Apr 17, 2024 4:20:00 PM
In the summer of 2001, the Canadian government legalized cannabis for medical use. By the fall of 2018, it became legal for personal consumption as well. Since then, cannabis use, and even home cultivation, has become increasingly normalized across the country.
Topics: home insurance Cannabis
2 min read
How to Identify the Age of Your Furnace and Water Heater
By Jake McCoy on Mar 28, 2024 11:30:00 AM
Knowing the age of your furnace and water heater is crucial for insurance purposes. Insurance companies often consider the age of these appliances when determining coverage and premiums. Accurately identifying the age of these home components is essential for ensuring adequate insurance coverage.
Topics: home insurance
2 min read
How to Tell When Your Roof Was Last Updated
By Jake McCoy on Mar 27, 2024 11:15:00 AM
Insurance companies often inquire about the age of your roof to assess its condition and potential risk factors. Knowing the age of your roof can impact insurance coverage eligibility and premiums, as older roofs may be more prone to damage or may be near the end of their useful lives.