Resources

Ontario Insurance Resources

  1. Consumer Protection
    1. Financial Services Commission of Ontario
    2. Registered Insurance Brokers of Ontario
  2. General Information
    1. Insurance Bureau of Canada
    2. Articles/Brochures
      1. The Danger of using unregulated websites providing insurance quotes
      2. Understanding why your insurance rates have increased and what you can do to lower your premium
  3. Car Insurance
    1. Articles/Brochures
      1. Car Insurance Rate Changes in Ontario
      2. Explaining Ontario Car Insurance
      3. Understanding car insurance
      4. How your car insurance premiums are calculated
      5. What to do after a car accident?
      6. Understanding the claims process after a car accident
      7. Order your drivers abstract from the Ontario Ministry of Transportation
      8. Understanding and decoding your cars Vehicle Identification Number
  4. Home Insurance
    1. Articles/Brochures
      1. Understanding home insurance
      2. 10 Factors that affect the cost of your home insurance
      3. How to reduce the risk of your basement flooding
      4. The evolution of water damage as the leading cause of property insurance claims
      5. Toronto Basement Flooding Protection Subsidy Program
      6. Finding it difficult to get insurance on an older home?
  5. Business & Commercial Insurance
    1. Articles/Brochures
      1. Understanding Business Insurance
      2. Business Interruption and Extra Expense insurance
  6. Life Insurance
    1. Articles/Brochures
      1. A Guide To Life Insurance
  7. Disability Insurance
    1. Articles/Brochures
      1. A guide to Disability Insurance
  8. Critical Illness Insurance
    1. Articles/Brochures
      1. Explaining Critical Illness insurance
  9. Saving Money On Your Insurance
    1. Articles/Brochures
      1. Benecaids Health Spending Account
  10. Commission Disclosure
    1. Articles/Brochures
      1. Broker Commission Disclosure

Consumer Protection

Financial Services Commission of Ontario
If you ever have a dispute with an insurance companies decision to deny or terminate your accident benefits, the Financial Services Commission of Ontario (FSCO) can help mediate the issue with little cost to the insured.
Registered Insurance Brokers of Ontario
The Registered Insurance Brokers of Ontario (RIBO) is an organization established by the Ontario government to protect the public during insurance transactions with brokers.

GENERAL INFORMATION

Insurance Bureau of Canada
The Insurance Bureau of Canada (IBC) is the trade association representing Canadian private property and casualty insurers, with member companies representing 90% of the insurance market in Canada. The IBC provides Canadians with industry information related to car, home, and business insurance.

Articles/Brochures

The Danger of using unregulated websites providing insurance quotes.
In 2010, the Globe and Mail wrote an interesting article in 2010 entitled “why promises of lower websites don’t always deliver”. It explores the risk and dangers of consumer’s obtaining online car insurance quotes through unregulated and unlicensed websites.
Understanding why your insurance rates have increased and what you can do to lower your premium
Haven’t you always wondered why YOUR insurance rates keep increasing? This article by Unica Insurance provides some good tips to lower your premiums, and a technical explanation about the rising cost of insurance.

CAR INSURANCE

Articles/Brochures

Car Insurance rate changes in Ontario
See what the insurance companies in Ontario are doing to your car insurance rates. This link will bring you to a report showing the changes in Ontario car insurance rates, from 2011 to 2017. This list will be updated quarterly.
Explaining Ontario Car Insurance
This provides a link to a booklet in a pdf format prepared by the Insurance Bureau of Canada. It answers many interesting questions about car insurance in Ontario, an explanation of auto insurance coverage’s, and making a claim on your car insurance policy.
Understanding car insurance
A second perspective on understanding car insurance, by the Financial Services Commission of Ontario (FSCO).
How your car insurance premiums are calculated
The insurance bureau of Canada provides explains how your car insurance premiums are calculated.
What to do after a car accident ?
This link takes you to some useful tips published by FSCO about what to do after you’ve been involved in a car accident.
Understanding the claims process after a car accident
This article by FSCO discusses many topics including; reporting the accident, deciding who’s fault the accident is, and what to do if you disagree with your insurance company.
Order your driver’s abstract from the Ontario Ministry of Transportation
This link will take you to the Ontario government’s Service Ontario website where you should be able to order your driver’s abstract. The government charges a fee for this service, approximately $12, and is paid by credit card.
Understanding and decoding your car’s Vehicle Identification Number (VIN/Serial Number)
The serial number of your car is it’s electronic fingerprint id. Follow the above link to decode your car’s link, and follow the link below to learn more about the issue

HOME INSURANCE

Articles/Brochures

Understanding home insurance
A guide to understanding your home insurance policy, provided by the IBC.
10 Factors that affect the cost of your home insurance
According the IBC, here are some the main items that affect your home insurance premium
How to reduce the risk of your basement flooding
Flood and water damage is becoming the greatest risk to your home. This link takes you to a series of articles published by the Institute for Catastrophic loss reduction.
The evolution of water damage as the leading cause of property insurance claims
This link takes you to a series of articles and videos prepared by Intact Insurance. It includes information about how sump pumps and sewer backup valves can be used to reduce the risk of damage to your home.
Toronto Basement Flooding Protection Subsidy Program
Financial subsidies of up to $3,400 for single-family, duplex, and triplex residential homes built before 2009 to install flood protection devices.
Finding it difficult to get insurance on an older home ?
This link brings you to a brochure prepared by FSCO which discusses some of the potential challenges you may face when trying to insure an older home.

BUSINESS and COMMERCIAL INSURANCE

Articles/Brochures

Understanding Business Insurance
An introduction to some of the key concepts and coverage’s that should be included in your commercial insurance policy.
Business Interruption and Extra Expense insurance
An explanation of one of the more complex, but important commercial insurance topics – business interruption.

LIFE INSURANCE

Articles/Brochures

A Guide To Life Insurance
This helpful booklet by the Canadian Life and Health Insurance Association (CLHIA) takes some of the mystery out of life insurance and explains some of the different types and coverage’s available.

DISABILITY INSURANCE

Articles/Brochures

A guide to Disability Insurance
Produced by the CLHIA, this guide helps you understand disability insurance and why you need it.

CRITICAL ILLNESS INSURANCE

Articles/Brochures

Explaining Critical Illness insurance
This link brings you to Canada Life’s website, where they explain why you need critical illness insurance.

SAVE MONEY ON YOUR TAXES

Articles/Brochures

Benecaids Health Spending Account
A health spending account provides an interesting way to save money on your taxes when you or your family members incur medical expenses that aren’t covered by your provincial health plan (OHIP). Eligible medical expenses may include cosmetic surgery, nursing home care for an elderly parent, orthodontic payments, etc. This link brings you to a brochure prepared by Benecaid which explains the process a little further.

COMMISSION DISCLOSURE

Articles/Brochures

Available on request. For a copy of this form, please contact us, or fax your request to 416-787-1669.