Yedidya-Eitan Moryoussef

08/12/2025

How One Letter Cost Our Company $118,000

I recently worked with a client in the glass window business, manufacturing windows and doors, with exports to the US. They were referred to me because they wanted more complete protection, better coverage, and a better price.

When we reviewed their file, we saw they were underinsured and paying higher premiums than they should have been. We went through the market and found two main options:

Company A: one of the biggest insurers in Canada, but 30% more expensive than what they were already paying.

Company B: a top-tier, publicly traded company, A-rated by AM Best, not as big as A, but 20% cheaper, with full coverage, including all their equipments, buildings, manufacturing operations, and exports.

We worked tirelessly within a two-week timeframe to prepare a strong, comprehensive policy that significantly improved their protection.

Unfortunately, a small technical error in the insured name created a gray zone in the market, allowing Company A to offer a quote to another broker.

Despite our better price and broader coverage, the client chose them after being told — incorrectly — that our insurer wasn’t as strong. In Quebec, all insurers are regulated by the AMF and must follow strict guidelines. Claims are paid based on coverage, not on the size of the company.

We didn’t offer Company A and didn’t pursue it further because we already had the best price with the same level of coverage as them, so it was never really about the price, just misguided advice.

Baruch Hashem, every case teaches us something. This one reminded me that in commercial insurance, doing everything right doesn’t always mean you’ll get the file. But it also reinforced why we need to double-check every detail, even the name, because in this business, small details can decide the outcome… and in this case, it was a $118,000 outcome

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02/05/2025

Last week, a client asked me to find a better insurance option for their commercial building. We marketed, but most insurers declined due to:

❌ Graffiti on the walls
❌ Hazardous objects on the property
❌ A broken fence on the second floor

We could have gotten a lower price, but only with specialized insurers and they required an inspection. In this case, we informed them to stay with their current insurer as that was their best option.

Takeaway:
A lower premium isn’t always worth it. Keeping your property well-maintained makes a big difference in insurance options.

09/16/2024

Quel plaisir d'avoir rédigé, avec ma sœur et partenaire Serah Moryoussef, un article sur l'assurance pour animaux au Québec dans le prestigieux journal Les Affaires. Pour tous vos besoins en assurance, n'hésitez pas à nous contacter. Nous serons ravis de vous accompagner!



https://www.lesaffaires.com/mes-finances/planification-financiere/une-assurance-pour-vos-amis-a-quatre-pattes/

07/21/2024

Misconceptions about Life Insurance Expenses for Term Insurance for Young Families in Montreal

Life insurance is often misunderstood, especially among young families. In Montreal, where the cost of living is already high, many believe that term life insurance is an unnecessary expense.

Common Misconceptions
Below are some prevalent misconceptions about life insurance expenses that need to be clarified.

1. "Life Insurance is Too Expensive"
Reality: Term life insurance is generally the most affordable type of life insurance. Premiums are usually lower compared to permanent life insurance because it covers a specific period, like 10, 20, or 30 years, instead of a lifetime.
Example: A healthy 30-year-old might pay as little as $20 per month for a term policy with a significant payout, making it an economical choice.

2. "I Don't Need Life Insurance If I'm Young and Healthy"
Reality: The best time to get life insurance is when you're young and healthy because premiums are lower. Waiting until you're older or have health issues will increase the cost substantially.
Example: Locking in a low rate with term insurance while you're in your 20s or 30s can provide peace of mind without a hefty price tag.

3. "Employer-Provided Life Insurance is Sufficient"
Reality: Employer-provided life insurance often falls short of meeting your actual financial needs, usually covering only one to two times your annual salary. Moreover, it usually ends if you leave your job.

Example: A term policy outside of employment can be tailored to cover 5 to 10 times your annual income, ensuring financial stability for your family.

4. "I'm Better Off Investing the Money"
Reality: While investing is crucial, life insurance offers a safety net that investments cannot guarantee. Markets can be volatile, but life insurance provides a fixed benefit that can cover debts, mortgages, and living expenses.

Example: Term life insurance can complement your investment strategy, providing security in case the worst happens.
Why Term Insurance is a Good Option for Young Families
Affordable Premiums: As highlighted, term life insurance premiums are typically lower, making it accessible for young families.

Financial Security: It ensures that your family's financial needs are covered, from everyday expenses to long-term obligations like mortgages and college tuition.

Flexibility: Policies can often be converted to permanent insurance if your needs change, providing flexibility in your financial planning.

Work with Us at Experior

At Experior, we understand the unique financial challenges young families face, especially in a vibrant city like Montreal. Here’s why partnering with us can make all the difference:

Tailored Solutions: We offer customized term life insurance plans to fit your budget and protect your family.
Expert Advice: Our team of experienced advisors helps you navigate through various options to find the best fit for your needs.
Long-term Partnership: We aim to be your financial ally, offering support and adjustments to your plan as your circumstances evolve.

Conclusion

Don't let misconceptions about life insurance expenses deter you from securing your family's future. Term life insurance is an affordable and flexible option that can provide significant peace of mind at a minimal cost. Work with us at Experior to discover the best term insurance solutions tailored for your young family. Contact us today to get started on a path to financial security.

07/10/2024

🚗🏡 Get a Quote, Win a Treat! 🍭🍬
We're thrilled to announce that my sister, Serah Moryoussef, has joined me and my team at Assuruni as our new partner, specializing in car and home insurance. To celebrate, we're launching a fantastic contest where you can win a $10 Sucrés gift card just by getting an insurance quote!

How to get your gummies!?

Call us for a quote: Contact Serah at 514-447-7997 #309
Submit your information: Mention the contest when you call.
Automatic entry: We will send you an electronic gift card once you get your quote.

Why Choose Us?
Expert Advice: With years of experience, we offer personalized insurance solutions tailored to your needs.
Competitive Rates: We work hard to find the best coverage at the best prices.
Friendly Service: We're here to help you every step of the way.
Contest Details:
Prize: $10 Sucrés Gift Card
Duration: July 10th - July 24th

Don't miss out on this sweet opportunity! Call Serah Moryoussef today at 514-447-7997 #309 for your car or home insurance quote and get a chance to win a delicious treat. 🍭

Contact Us:
📞 Phone: 514-447-7997 # 309
📧 Email: [email protected]
🏢 Office: 1955 De la Côte-de-Liesse, Suite 201
Saint-Laurent, Quebec H4N 3A8
🌐 Website: assuruni.com

06/07/2024

BH 🙏 I just sold a policy for 2 Residential buildings in Cote-des-Neiges 🏠🏢!

I wanted to share a recent experience that taught me a valuable lesson in the insurance industry.

I met a client in mid April, referred by our mutual business connection George, who has over 12 buildings insured with us 🤝.

After negotiating the market, I found an insurance policy of $5 million for $14,000 - a decrease of around $5,000 in premium for the client.

However, after presenting the offer and the client confirming his interest, the client suddenly went silent. Despite my follow-up calls, he "ghosted" me 👻.

Weeks later, he revealed that their daughter had read negative online reviews about the insurance company and advised them against proceeding.

I explained that relying solely on online reviews can be misleading, as unhappy customers are more likely to leave reviews, while satisfied customers rarely do.

And in this particular case his OWN company was rated at 2.7/5 on google, which empowered my point that its not an indication of the real value of that company.

He then called back George to make sure I was a reliable guy to work with!

Persistence paid off! The client eventually returned, and I was able to address his concerns. He was impressed with my dedication and knowledge of the insurance industry.

This experience taught me the importance of:

- Having a good reputation
- Following up with clients
- Honesty and convictions

The insurance experience can vary greatly between brokers, and it's crucial to choose a broker who will make a difference in your insurance claim and service.

Did you ever lose a deal because of bad online reviews?

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04/09/2024

🎉 Exciting News! 🎉

Baruch Hashem, I'm happy, to share I've joined Experior Financial Group Inc. as a Financial Security Advisor on top of my current job as a Commercial Insurance Broker!

With access to Canada's top insurers, I'm committed to spreading awareness about the importance of life insurance.

Recent devastating news in our community have highlighted the importance of planning ahead. For just $370/year, a 35-year-old non-smoker can secure a 20-year term policy, ensuring financial stability for his family.

Let's chat about securing your loved ones' future on a financial level. Reach out today! 💼🛡️

01/30/2024

A client calls me up Friday right before Shabbat, requesting insurance for his condominium syndicate.

I asked him when he needed the insurance and lo and behold, it was for Monday.

Thank G-d, I have this thing where I attract clients who are shopping at the last minute. 🤣

So I collected the information and started working on it Saturday night and Sunday.

Now you ask me, how can I work the file if the commercial underwriters only start working on Monday? 🤔

Well, thanks to Economical Insurance with its online platform, I was able to fill out the application and get a price on the spot.

Now the price was more expensive than is current policy, but losing the deal is not an option! ⛔

Monday morning, I called the underwriter and after reviewing the whole file and discussing the merit of the risk, we agreed on a 30% discount due to the client's clean record and maintaining the risk in top shape. 😎

As you can imagine, on Monday afternoon the policy was SOLD! 😁

One of the many advantages of being a commercial broker working with over 25 companies, is that we can offer a wide range of solutions for our customers even in a short time frame.

Like my colleagues say to me, "work your magic" this one is a good example. 🧙‍♂️

01/23/2024

My friend called me in panic on a Friday afternoon! 🫨


His car insurance with Intact was cancelled due to non-payment.

His broker said there was nothing they could do and to find insurance elsewhere.

However, finding insurance after non-payment is very difficult and my friend couldn't afford going with substandard companies.

So, I called Intact and explained the situation. After some convincing, they agreed to reinstate the policy if he paid what was due that same day. He did and the policy was reinstated. 🤩

This experience highlighted the importance of having a good insurance broker who can assist with offering better service, cheaper prices, and help with claims and negotiations with insurers!💯

I was glad to help him and avoid the troubles that come
with cancellation 😃

06/11/2023

What steps should be taken when a claim arises?

Unfortunately, there are instances where a claim arises concerning your house or property. In such situations, it is crucial to follow a few essential steps:

1. Take immediate action to stop the damage as much as possible. For example, if there is a fire, promptly contact the firefighters and use a fire extinguisher. If there is a leak, shut off the valve to prevent further damage.

2. Notify both your insurance company and broker right away.

3. Document the incident by taking pictures and creating a detailed inventory of all the damaged items, including their respective values. If you possess receipts for the items, it is great to include them as well.

06/08/2023

Checkout my new website!

Votre courtier d'assurance à Dollard-Des-Ormeaux. Contactez-moi pour: Service en anglais ou français, Réactivité, Plusieurs devis compétitifs.

01/18/2023

Why lying on your insurance is not a good idea?

Lying on your insurance to save money on your premium is not a wise idea. Insurance companies are in the business of assessing risk and providing coverage for those risks. When you lie about your information, you are not giving the company an accurate assessment of your risk, which could lead to them not providing you with the coverage you need.

In addition, lying on your insurance application is illegal both in Jewish and Civil Law and can result in serious consequences. Insurance fraud is a serious crime and can result in fines, jail time, and loss of your policy. Even if you don’t get caught, you are still taking a risk that could cost you more in the long run if something happens and you aren’t covered.

As I tell my clients, when you lie or mislead an insurance company you are essentialy paying a very expensive price for a mere piece of paper, since in aggravated cases they will refuse the claim.

Overall, it is wiser to be honest on your application and pay a fair premium for the coverage you need.