L.D. Dermody Insurance Brokers (1982) Inc.

12/30/2025

Hiring a contractor for your home or condo?
Before the work starts, protect yourself.

One missed step could leave your insurance paying for someone else’s mistake. Learn why checking references and asking for a certificate of insurance is so important for homeowners, condo owners, and tenants.

👉 Read more

Hiring a contractor? One missing step could leave you paying for someone else’s mistake. Learn why checking references and requesting a certificate of insurance can protect homeowners, condo owners, and tenants from costly claims.

11/07/2025

🏦 Insurance News for Ontario Clients

Definity Insurance has announced plans to acquire Travelers Canada, a major move that will reshape the Canadian property & casualty insurance landscape.

We’ve summarized what this means for Ontario homeowners and business clients, including upcoming system conversions, pricing alignments, and what to expect as Definity and Travelers integrate.

👉 Read our full update here: https://www.lddermody.com/resources/insights-updates/definity-to-acquire-travelers-canada-what-ontario-clients-should-know/

At L.D. Dermody Insurance Brokers, we’re committed to keeping you informed and ensuring your coverage remains right for you.

10/07/2025

🏡 At L.D. Dermody Insurance Brokers, we’re using Applied ezITV to bring accuracy and confidence to Ontario home insurance.

Discover how this smart valuation tool helps homeowners ensure their coverage truly reflects their rebuild costs — not outdated estimates.

👉 Read the full article: lddermody.com/resources/insights-updates/applied-ezitv-smarter-property-valuations-for-ontario-home-insurance/

10/01/2025

🚗💥 Who’s at fault if you’re parked illegally and another car hits you?

In Ontario, the answer depends on where it happens:
✅ In a city or town (like Newmarket): the moving driver is 100% at fault, even if you were in a no-parking zone.
❌ On a rural road: the parked car is 100% at fault for creating the hazard.

Surprised? You’re not alone! The Ontario Fault Determination Rules are full of scenarios like this.

👉 Read our latest blog to learn why location makes all the difference: https://www.lddermody.com/resources/insights-updates/

10/28/2024

A major change to auto insurance in Ontario is set to take effect in 2026. The Ontario government has decided to remove most mandatory accident benefits from automobile insurance policies and transition to an “a la carte” model.

Starting July 1, 2026, only medical, rehabilitation, and attendant care benefits will be mandatory in every auto insurance policy, while all other benefits will become optional. This means that benefits such as Income Replacement Benefits, Non-Earner Benefits, Caregiver Benefits, Educational Expenses, Visitor Expenses, Housekeeping and Home Maintenance Expenses, Clothing and Equipment Damages, Death Benefits, and Funeral Benefits will no longer be included as standard in every policy. Instead, policyholders will have to select which benefits they wish to include.
While the aim of this new legislation is to lower costs and provide greater choice, there is a risk that individuals may lack critical coverage when they need it most. For example, the Income Replacement Benefit (IRB), which currently provides up to $400 per week to help cover lost wages after an accident, will become optional in 2026. If you choose not to include the IRB and find yourself unable to work, you won’t be able to claim for lost income, which can be a significant financial strain during an already challenging time.

Stay tuned for more updates as these changes are implemented.

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05/20/2022

Lately we have heard more and more about stolen vehicles . How easy is it to steal a vehicle? Real easy. Watch this Marketplace report on tracking stolen cars.

CORRECTION ON APRIL 28, 2022: The original broadcast of this story on March 25, 2022 showed a brief visual of Banix Motors, a car dealership in Lagos, Nigeri...

12/09/2021

Ontario’s Tow Zone pilot. The Ministry of Transportation of Ontario (MTO) will be running a Tow Zone pilot program on designated sections of highways in the Greater Toronto Area (GTA). Starting December 13th, the Tow Zone pilot program will run on sections of the 400, 401, 409, 427 and QEW. The purpose of the program is to decrease traffic congestion and regulate towing practices. MTO is contracting a select group of towing companies and setting the price for passenger vehicle tows in these zones. MTO tow trucks will be easily recognizable by the decals on their vehicles. The Tow Zone fee for passenger vehicles has been set at $250 and includes 10 km of towing (extra fees for additional kilometres apply).