If you've been following the latest updates to home insurance in Alberta the past couple of months, you've heard mention of Backwater Valves and Backflow Prevention. There are a number of new and existing home insurance discounts that require you you have this device. Not to mention that it just might save your basement one day.

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Canadians love to renovate. A recent survey by the Canadian Mortgage and Housing Corporation found that over 40 percent of households in ten Canadian markets renovated their home. The same survey found that 0ver 65% of households used a contractor to do all, or at least some, of their renovations. (Changes to your home may also affect your home insurance policy.)

Preventing identity theft is one of the best forms of insurance you can learn about -and it's free. There's no reason to be a victim of this invasive and violating crime.Identity theft can lead to loss of money, character and credit. Why not take these 7 easy steps and keep your name and credit clean.

Although there may appear to be a vast array of life insurance policy types available, they all consist of one of two basic forms: Permanent insurance and Term insurance. As the names imply, permanent insurance is permanent (for life) and term insurance is temporary. Most people require a combination of the two types to fit their needs. Examples of permanent needs are funeral expenses, survivors' income, taxes at death on capital gains, taxation of RRSPs and RRIFs and charitable bequests. Examples of temporary needs are mortgages, children's education and business loans.

As a small business owner you have insurance on property and business assets, but often business owners may neglect to purchase one of the most important types of insurance. Life insurance can mean the difference between bankruptcy and survival when a business owner or key person dies. Proceeds from an insurance policy can be used to train a successor for a deceased key person or to purchase a business owner’s shares in the event of his or her death. There are two important products for you as a small business owner to consider Buy-Sell Protection and Key Person Life Insurance.

BUY-SELL PROTECTION
The death of a business partner (shareholder) may result in your company being sold in order to compensate the family of the deceased partner (shareholder). The remaining partners/shareholders may not be able to fund a buy-out of the deceased’s share of the business, which may result in an unwanted outside interest gaining control of part of your  company.