Murat Parnakoglu - PrimeService Insurance

11/10/2024

Driving under the influence is not only dangerous but can also have serious consequences for your auto insurance coverage. If you are convicted of DUI or involved in an accident while impaired, your insurer may deny your claims, cancel your policy, or refuse to renew it. Although Ontario law ensures that basic insurance must be available to all drivers, you'll likely be classified as a high-risk driver and may need to seek coverage from non-standard insurers. However, you could face premiums up to five times higher than those for drivers with a clean record. If your policy is cancelled due to a DUI, contact a PrimeService broker for help finding suitable coverage.

05/12/2024

05/08/2024

Fact: Your insurance company won’t cover your mortgage payments when your house is damaged and being rebuilt.

Your home is most likely your most valuable asset. Home insurance will help you financially if something unexpected happens to it, such as a fire or a flood. Your insurance will cover repair or replacement costs, living expenses, and most other major expenses resulting from the claim.

Mortgage payments will remain between you and your mortgage lender. The claim will not interrupt your mortgage, and therefore you will need to continue paying for them. Your insurance company will not take the responsibility of paying for your mortgage payments.

If you need any help with your mortgage payments during this time, you may be able to request your mortgage lender to suspend your payments or put on hold a foreclosure for a certain time.

10/30/2023