Stan Dubinsky- Insurance Broker

07/28/2023

It is essential to understand that your landlord's insurance policy does not extend coverage to your possessions. While your landlord likely has insurance coverage for the property and its fixtures, this policy typically does not protect your belongings as a tenant.

As a renter, you should get tenant insurance to protect your belongings. Tenant insurance protects your valuable belongings against various risks like theft, fire, and vandalism. It ensures you won't have to bear the financial burden of replacing your items in case of unforeseen events. In the event of a claim that requires you to vacate your residence for repairs, your tenant insurance will include coverage for the expenses associated with renting another place. This coverage is commonly known as 'Additional Living Expenses.' Additionally, renters insurance can provide liability coverage, protecting you if someone gets injured while visiting your rented space.

07/27/2023

Are you looking to save on your car insurance? Check out our latest blog to learn about car insurance discounts that can significantly reduce your premiums.

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07/21/2023

The standard home insurance policies typically do not cover flood damage. Floods can occur due to various factors, such as heavy rain, overflowing rivers, or coastal storms. It can result in severe damage to homes, including property destruction, loss of personal belongings, and significant financial burdens. Your standard home insurance policy would not compensate for these damages. However, you can add additional flood coverage to your existing policy. The cost of this endorsement varies based on the amount of coverage desired and the property's location within specific flood zones. By taking this proactive step, you can ensure to have the necessary protection against flood-related damages and receive financial assistance when needed. You can contact a PrimeService broker to add flood coverage to your home insurance policy.

04/08/2023

If you frequently use your phone while driving or engage in other forms of distracted driving, you could be in for an unpleasant surprise. Receiving a distracted driving ticket not only results in penalties and fines but also has a significant impact on your auto insurance premiums. Insurance companies view distracted driving as a serious offence that increases the likelihood of accidents and claims. Therefore, if you receive a ticket for distracted driving, your insurance company may view you as a higher-risk driver and increase your premiums based on the severity of the offence. Distracted driving not only results in fines and higher insurance premiums but also endangers the safety of everyone on the road. Staying focused while driving is essential to ensure your safety and the safety of others as well as avoid financial consequences.

03/31/2023

It is extremely important to know!

It is crucial to add all regular drivers of your car to your insurance policy to ensure they are covered in the event of an accident. It includes individuals living in the same household, such as family members or friends, who frequently use your car, has a valid driver's license and do not have a separate vehicle. Failing to add these drivers to your policy may result in denied claims or additional costs. It's best to be proactive and transparent with your insurance provider to avoid any complications in the future. However, every situation is different and has different insurance solutions for each scenario. Consider consulting a PrimeService broker for expert guidance if you're unsure whom to add to your car insurance policy. Protect yourself and others by updating your policy to include all regular drivers.

03/11/2023

Professional Liability Insurance, which is also referred to as Errors & Ommissions insurance, provides protection for your business against allegations of professional negligence. If you commit an error or failure to deliver as promised while providing professional services, it can result in financial or other losses for your client; they may file a lawsuit against you seeking damages. Defending against such claims can be expensive, and if your business is found liable, it could incur significant financial losses. Professional Liability Insurance can assist you by covering legal expenses, administrative costs, and settlement fees related to these claims. Many businesses offering professional services such as consulting, accounting, legal, or IT services are required to have this insurance. If you provide any professional service, contact a PrimeService broker to learn more about Professional Liability Insurance and obtain coverage that suits your needs.

02/17/2023

Sewer backups can be a costly and messy problem for homeowners, but unfortunately, your standard home insurance policy does not cover it. Therefore, if your home experiences a sewer backup loss, you will be responsible for paying for cleaning up and repairing the damage. It can include damage to your home's foundation, flooring, personal belongings, and potential health hazards from the sewer water. However, you can easily add sewer backup coverage as an endorsement to your policy. If you live in an area where sewer backups are common, consider purchasing additional coverage to protect your home. Contact your broker to learn about the coverage options that best suit your needs and budget.

08/26/2022

Many other factors impact your premium aside from your driving record. Your premium may change when there is an increase or decrease in theft in your area, a change in the frequency of natural disasters, and even your insurer’s loss experience across the board. This is why we, as your broker, review your policy options annually during the renewal process. Your broker can help you determine whether shopping around for a new policy is advisable. Call us anytime and a PrimeService broker can give you advice or help you shop around for a new policy.

08/24/2022

Very Important for Ontarians

Ontario is no longer mailing reminders to drivers that their driver’s license is expiring. The same also applies for licence plates, health cards, and Ontario Photo Cards. If a customer gets into an accident while driving unlicensed, their insurance coverage could be substantially reduced to the legal minimum liability limit, and they would not have any coverage for physical damage. sign up to receive free renewal reminders here.

https://reminders.ontario.ca/en

08/19/2022

Currently, insurance companies in Ontario don’t give discounts for installing a dashcam. There are, however, pros and cons to having a dashcam installed in your car. You can use dashcam footage as evidence in the event that you need to make a claim. But it can also be a distraction to you while driving or attract thieves to steal it, if you have an expensive model installed. Also note that some insurance providers may see a dashcam as a modification and charge you more for it. So be sure to check with your insurer first before making the purchase.

08/05/2022

Telematics works using a device installed in your car or a mobile app that determines the level of risk by the way that you drive. Some insurance providers use a device, some use an app, and others use a combination of both. A few factors that insurance companies monitor using telematics are acceleration, speed, braking habits, and the time of day that you drive. Accidents are known to be more common between midnight and 4:00 or 5:00am. You can save between 5% and 30% depending on your insurer and your driving behavior. If you are a safe driver, telematics might be right for you. If you have high risk driving habits, you may get a surcharge.

Need to find ways to lower your premium? If you want to find ways to lower your rates, talk to us and we can help you get no-obligation quotes for you to review.