Canada Insurance Tips
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Need Canadian insurance tips?
Every person in Canada has at least one kind of insurance and that is
health insurance but most of us have many more as well. There are many
different options to choose from when it comes to insurance, whether we
are talking about car insurance, home insurance or even employment
insurance so you need to know what is what to make sure that you are
paying, and getting the right amount of insurance each month.
Canadian auto insurance tips that can save you money
Raise your deductible
Raising their deductible is something that many people try to avoid
doing but for some it is the best solution to expensive insurance
premiums. If you are sick and tired of paying through the nose each
month then look into raising your deductible. If your deductible is
higher then your monthly car insurance payments will be lower. Yes you
will have to pay more if you do in fact get into an accident but for
many people this is worth it in the end. The amount that you saved over
the years will more than make up the once or twice you have to pay the
deductible.
Take a good long look at what your car is really worth
Many people pay hundreds of dollars each year for their collision
insurance but is it worth it? For many people the simple answer is no.
If your car is already older and banged up then it may not be worth
insuring in this fashion. If you are going to end up paying more for the
insurance than your car is even worth, what is the point? SO find out
what cars like yours are selling for and then see how much insurance you
should be paying.
Do you need that fancy car?
The amount of insurance that you pay on your car will be affected
directly by the value of the car you own. If you go out and purchase a
brand new Lexus or Porsche then you are going to be looking at very high
insurance rates each year. If you were to purchase a used car or even a
car that was not so expensive you could save hundreds or even thousands
of dollars on your insurance each and every year.
Check for discounts
There are many discounts that you may be eligible for when it comes to
your car insurance. Ask the insurance dealer what kinds of discounts
there are and how you can get them working for you. If you have not been
in any accidents in years then you could be eligible for a discount on
your insurance premium. And if you are getting your insurance form the
same company that insures your home or something else then ask if they
can give you a deal, most insurance companies are more than willing to
do this for their good clients.
Here are some more ways to earn discounts on your Canadian car
insurance:
- Use anti-theft devices
- Insure multiple vehicles with the same company
Let the insurance dealer know that you are a retiree
The most important insurance tips that you will find are not simply
those for Canadian auto insurance. The insurance industry is a large
one and there are some pretty serious criminals working within the
system. These people are there only to scam you out of as much money
as they possibly can. It is your responsibility to keep this from
happening and to do that you need to become educated about how
Canadians are being taken advantage of.
Here are some useful tips to help you to avoid getting taken
advantage of when you have sustained loss to your home, your car or
your person:
Ask for credentials
If you are ever approached by someone claiming to be from your
Canadian insurance company and they are asking you about some damage
that has occurred, and you have not yet reported said damage, be
skeptical. Do not tell this person anything at all or show them
anything until you have put in a call to the insurance company
yourself to verify that this person is who he or she claims to be.
Check out all Canadian licenses and certifications when dealing with
contractors. Whether it is your car you are getting fixed or your
home, you need to make sure that this person knows what they are
doing and that your insurance company is willing to work with them.
Write down all of the info that you get, their license numbers,
their name and their companies name and address. You never know when
you may need it.
Double check that your insurance policy is going to pay for what you
need done and fixed. It is a good idea to have an insurance company
rep come out and take a look at what needs to be done. They are not
going to want to pay more than they have to for anything and if they
can give you an estimate then you have something to work with when
it comes time to negotiate with the contractors. That way you know
that you are not going to end up having to pay more than you thought
out of your own pocket.
Never, I repeat, never let a contractor pad the bill to the
insurance company. If a contractor ever suggests this to you turn
around and walk away as fast as you can go. Get a new contractor
because obviously this one does not have very good ethics and if he
is willing to scam the insurance company he is probably willing to
scam you too. Padding the bill is illegal in Canada and you can get
is some serious trouble if it were to be found out.
When you have had some work done, you should not pay a penny to the
contractor until all of the work is completed. It is a good idea to
have the insurance company pay them themselves instead of going
through you, but if you do have to pay, don’t do it until everything
is done and checked. Once you have paid for the work you will have a
hard time getting the money back if the job is not done right.
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