10/16/2026
๐ Happy Dictionary Day! ๐
Every October 16th, we celebrate the birthday of Noah Webster, the man behind the dictionary that helped define, well, everything!
In the spirit of the day, let's brush up on some insurance terms you may have heard but maybe weren't 100% sure about:
๐ Premium: The amount you pay for your insurance coverage (monthly, annually, etc.)
๐ Deductible: The amount you pay out of pocket before your insurance kicks in on a claim
๐Peril: A specific risk or cause of loss covered (or excluded) by your policy, think fire, theft, or wind
๐ Endorsement: An add-on to your policy that provides extra coverage beyond the standard terms
๐ Liability: Your legal responsibility for injury or damage to someone else or their property
Insurance has its own language, and we're here to help translate it! If you've ever nodded along in a conversation about your policy without really knowing what a term meant, you're definitely not alone. Ask us anything, anytime.
๐ 204-953-4000 or 204-257-3076
๐ www.crossroadsinsurance.ca
๐ 850 Keewatin St or 2-851 Dakota St