Harris Insurance Services

12/02/2021

Make sure your travel policy covers COVID-19 emergency medical & hospital coverage, quarantine expenses due to COVID, cancellation & interuption policy includes the reason of cancellation due to COVID-19 prior to departure.

In a post-COVID environment, this coverage is picking up

05/12/2021

With the recent increases of premium, consumers are looking for cheaper premium by removing some coverages like earthquake coverage, no top up of strata water damage/sewer backup deductibles. They put themselves in high risk of financial loss.

Price point and carrier capacity have become increasingly important factors for brokers in recommending insurance coverage to their clients over the past year, according to Canadian Underwriter’s 2021 National Broker Survey. Canadian Underwriter asked 234 Canadian P&C insurance brokers across…

05/03/2021

To keep your business safe, you need to include cyber security protection in your business policy or buy a stand alone one. Please contact us for more details

With a new cyberattack focused specifically on the insurance industry, a cyber expert is urging insurance companies need to up their security game in order to protect themselves and their customers. Otherwise, insurers could be on the hook for a…

05/03/2021

Water damage exclusion applies to vacant home even with vacancy permit

An elderly homeowner’s health takes a turn for the worse, necessitating a move into a care home. The client still owns her original home, which suffers water damage. The insurer denies the claim on the grounds that the property is…

05/03/2021

This year’s federal budget could keep the restrictions, on banks selling home and auto insurance, for at least another four years. “There was an unexpected positive development in the budget for us,” Peter Braid, CEO of the Insurance Brokers Association…

04/16/2021

The Insurance Corporation of British Columbia is partly responsible for paying legal defence costs of a homeowner being sued by a guest who was injured when the homeowner was repairing his classic car. On Aug. 9, 2015, Gary Upton was…

02/03/2020

You’re on your way to work minding your own business when all of a sudden you drive over a massive pothole and damage your car. Does your auto insurance cover it and can the city be held liable? In short,…

09/04/2019

If you receive your policy with Big increase, please talk to your broker or come to see me.

The hardening commercial insurance market has resulted in double-digit price increases for some of Fairfax Financial’s insurers, with rates in some lines increasing by nearly a third. “Price increases are significant, some lines up as much as 30%,” said Paul…