Cheap Auto Insurance in Ontario

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by Brandon Nguyen March 25, 2011 in Insurance Auto Articles

Who wouldn’t love to pay less on their auto insurance policies and keep their monthly expenses low? Yes, auto insurance policy is something that is pre-requisite for a driver in Ontario who wants to stay protected against any sudden financial loss due to any emergency. The search rate for cheap auto insurance in Ontario is therefore very high. However, unfortunately no particular company offers you a cheap insurance policy in Ontario. This doesn’t mean that it is impossible for the residents of Ontario to save money on their auto policies. There are certain ways that must be adopted by the drivers in order to save a lump sum amount of their dollars on their automobile insurance policies. If you’re not aware of the ways, here are some of them.

1. Maintain an exceptionally good credit score: As the entire lending industry is based on credit, it is necessary for the driver in Ontario to maintain an exceptionally good credit score to grab the cheapest auto insurance policy. As th

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Disaster Insurance: Advocates for Catastrophic Loss Reduction

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by Nicholas Rogers March 25, 2011 in Home Insurance Topics

Disaster Insurance is still covering losses and reinsurance covering insurance, but there is advocacy for disaster preparedness including from Canada’s ICLR

At a St. Patrick’s Day party of all places, I happened to strike up a conversation with an adjustor for State Farm insurance. It turned out he was in charge of managing disaster claims, and that his territory was North America. Since the world had been experiencing a rash of disasters I idly asked: “So, which areas of North America are the worst… produce the largest number of insurance claims? Flooding… The Mississippi… St Louis area…?”

He paused, and then replied. “Well, this will surprise you, but the Omaha Nebraska, Council Bluffs Iowa area… hail… I mean it’s constant. It’s amazing how much hail they get.”

“Hmm… Yes, that does surprise me,” I replied.

“The next worst would be the tri-state area, Arkansas, Texas, and Louisiana,” he continued. “You know… where the th

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Landlords warned to examine insurance policies as residential cannibis farming increases

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by Tiffany Parker March 24, 2011 in Insurance News

As the level of residential cannibis farming rises, Aviva is warning landlords to be extra vigilant.

There has been a 30 per cent year-on-year increase in claims relating to cannibis farming, according to a report from the insurer, which is consistent with a Home Office report that reveals there was an increase of 18 per cent in the number of cannibis plants seized in 2009/10 compared with 2008/9.

Matthew Gordon, underwriting manager, property owners, at Aviva said: “Despite the upgrade of cannabis to a class B drug two years ago the industry continues to grow. Cannabis farming comes with serious risks for landlords, properties can be completely ruined inside to make space for plants, water damage can occur and fire poses a risk due to interference with electrics or strong lighting left on for a long time.”

Aviva urges landlords to ensure they have the right level of insurance in place as a standard home insurance policy may not be adequate.

Home insurance premiums up 6%

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by admin March 23, 2011 in Insurance Quotes

The average cost of home insurance has increased by 6% since the start of last year, according to moneysupermarket.com, taking the typical premium for buildings and contents cover up from £142 to £151.

Compared with premium inflation for car insurance (up 31% on 2010 levels) the rise seems minimal, however, insurers need to recoup the cost of last year’s freezing winter weather and with severe weather occurrences in the UK becoming a trend, the cost of insuring homes could be steadily on the increase.

According to the price comparison website, another factor hitting policyholders hard is the rise in fraudulent claims, which add around £44 to every premium, data from Legal & General suggests.

Moneysupermarket’s head of home insurance, Julie Owens, comments: “Things look set to get worse with the increase in prices unlikely to slow down in the coming years.”

According to Ms Owens, double digit percentage increases are on the cards.