Personal Insurance Products
Auto - Because most people don’t have the money to pay for the losses they might cause while driving, governments require drivers to carry a certain amount of insurance ("Liability") to cover any losses (property damage, injury, death) they might cause others to experience. Some governments, including those of every province and territory in Canada, also require drivers to carry coverage for their own medical expenses and loss of income resulting from driving-related injuries ("Accident Benefits/Bodily Injury or AB/BI"). There is other insurance that you can purchase voluntarily for your car, including coverage for damage to your car ("Collision") and protection against theft, vandalism and other perils ("Comprehensive").
House - Buying a home will probably be the largest single financial investment you will ever make, one that is unfortunately vulnerable to fire, theft and other disasters. Home insurance is there to protect you from having to pay out a huge amount at once, often at the very worst time emotionally. If you are like most people, you will probably never need to submit an insurance claim, but home (or tenant) insurance is peace of mind that you really shouldn’t live without
Marine - A Boatowners Insurance policy protects your boat, motor, boat trailer, and boat equipment against loss or damage from sinking, fire, storms, theft, capsizing, stranding, collision, and explosion. Watercraft Medical Payments coverage pays medical expenses up to the limits in the policy for you, your resident relatives and other occupants of the boat injured by an accident arising out of the ownership, maintenance, or use of the watercraft.
Farm - Recent events like floods and ice storms have shown that the farm businesses are never covered for every eventuality. While major natural disasters may trigger government programs and charitable donations, recovering from events that only affect your businesses is likely to depend upon you and your insurance company. Insuring the physical assets the business owns and uses, and insuring the people whom own, manage and work on the farm business, is discussed here. Both aspects are equally important.