Ryan K. Trunk- Insurance Broker

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Ryan K. Trunk- Insurance Broker

Insurance services for Home, Auto, Business and Travel! I advise clients of their insurance options and tailor packages to fit them.

I am your advocate to the insurance company and work for YOU the client. I am also there for advice on claims and any insurance related inquiry.

20/03/2023

Happy Monday!

With spring and nicer weather right around the corner a lot of owners of food trucks are getting ready for the season. I have a market that has a program specifically designed for food truck insurance and offers competitive pricing.

Offering coverage on:
-The truck/trailer, it’s contents for seasonal and year-around operations.
-Top liability limits with $1 and $2 million standard limits up to $5 million.
- Insuring Equipment and Stock at replacement value, including risks that have deep drying with fire suppression systems installed.
- Competitive pricing on coverage for pulling units for food trailers.

Available anytime. Message me here, DM or call 226-988-8303!

08/03/2023

Happy International Women’s Day!

23/02/2023

Morning all, if you have the option to work from home, or take a personal day I would advise to do so. Many claims are coming in for low speed sliding collisions around the K-W area. If you must drive please go slow and leave a large distance between yourself and the person in front of you.

Careful everybody.

22/02/2023

If you are a renter, it’s very important to make sure you’re covered with a Tenants Insurance policy. Also known as renter’s insurance, this policy will help to protect you against liability exposures that you may not even be aware of as well as replace your contents.

Currently in today’s market, there are insurance companies offering this coverage for around $20 per month for a basic policy. Many residents that choose to forgo the policy, are not aware what it can do for you. If you have a car you are required to carry auto insurance which is mandatory in Ontario. In many cases, by adding this coverage, you end up getting the tenants insurance for free, as the savings on your auto, will more than cover the difference made up in the tenants insurance premium.

Benefits of a Tenants policy:

- Your belongings, called Contents in the policy are covered up to the limit your policy carries . In most cases policies start with a $30K limit. In a fire, your contents would need to be replaced and you would be given a cheque for the replacement value of all of your belongings up to the limit you carry.

- You’re protected for slips and falls on and outside of your property up to the recommended $2 million liability limit. Also if there is a fire, and your landlord sues for damages not covered in their insurance policy, you would want this coverage to respond.

- If there was a fire and you could not live in your unit or rented house temporarily, the additional cost of staying at a hotel or alternate accommodation would be covered.

If you currently are renting, and do not carry this coverage, I would highly recommend to add it. When you purchase a house, it will also help you get a better rate on your home insurance as it will give you a property insurance history and you will be offered a claims free discount,which is usually 15-20% off of your home premium or higher.

Should you have any questions I am available anytime.

Ryan Trunk

31/01/2023

Many drivers in Ontario ask me questions about what happens in their Auto policy when they have to make a claim for a broken window.

Most questions are: Do I have to pay anything? Is there a deductible? Do the auto glass shops waive my deductible? Does the claim negatively affect my insurance rates? What is the difference between claiming a stone chip vs. a complete windshield?

In most cases, and especially in a windshield replacement scenario you will be responsible to pay the deductible. It is important to set your comprehensive or All Perils deductible to a manageable level to ensure there is coverage available for a windshield. In most cases $300-$500 is an acceptable deductible. Some companies offer a deductible waiver which would apply both in this scenario and in collision situations. Some brokers might offer a higher deductible of $1,000 or more on comprehensive or All perils, but if you choose to go much higher keep in mind if you do not have a deductible waiver set in your policy or offered by your insurance company you will be responsible for nearly the entire cost of the new windshield.

In most cases lately, I have not seen any glass shops waiving deductibles. I know there was a time when this was available but not as of lately.

A broken vehicle window is considered a comprehensive claim. In most cases the incident of how the glass breakage occurred is an unavoidable event. The insurance companies do not penalize the customer for making these claims and your driving record star rating will still remain the same following a comprehensive claim.

If you need a stone chip replacement in most cases it costs under $100. If you choose to submit this cost to your insurance company, many glass shops can direct bill and check if they will cover it without any deductible involvement. In most cases the company will pay this out for you.

It’s important to park your vehicle in places safe from falling objects including icicles during winter and to avoid driving behind transport trucks as on many occasions I have had clients report rocks being thrown up from their wheels or off their trailers.

Should you have any other questions I am always available at 226-988-8303 or [email protected] !

18/01/2023

Understanding the difference between Sewer Back-up and Overland Water Protection on your Homeowners policy

Being in the middle of winter is a good time to take a quick look at your homeowners policy and even some renters can benefit from this insurance tip. As spring approaches you want to make sure that you are covered for BOTH Sewer Back-up and Overland Water Protection.

Some companies such as Gore Mutual opted to make the two separate coverages synonymous with one another, while giants like Aviva and Intact currently have them separate. Navigating this can be confusing and you first need to know what the coverages do differently from one another.

Sewer backup covers against the backing up of waste water from the sewers. This type of loss is mostly found in basements and the first floors of most buildings or homes. If this type of loss occurs you usually experience a BIG mess, requiring immediate help to dry the damage to the flooring, walls and contents. Most cases complete replacement of all are required. You could just imagine the type of water which would backup into your house from the sewer. You should make sure that Sewer backup is listed on your policy and in conjunction with overland water protection..

Overland water protection covers your home against Heavy Rainfalls, Overflowing lakes and rivers, and Spring runoff. Also known as “Fresh water coverage”. Most of our companies offer this as a separate coverage and lately, not too many people decline this coverage, even if they have a “ house on the top of a hill, and the entire neighbourhood would need to flood before water would touch them”.

The insurance world is changing. Fire used to be the number one cause of loss in Ontario. Today Water has become number 1.

Should you have any further questions for me, . Shoot me an email at [email protected] , text or call me at 226-988-8303.

Available anytime!

Ryan

11/01/2023

Many times I get asked during the winter season, what happens if I hit ice and and accident occurs because of it? Is it my fault? Am I considered at fault by my insurance company? What if I go into the ditch and do not hit anybody? Am I still at fault?

In Ontario, we have what is called the ‘No Fault’ system. It is a confusing name, but what it means is, it does not matter who is at fault in an accident, your insurance company pays for your claim. Also, when collisions occur, there always is a driver considered at fault.

If you hit ice and end up in the ditch or hit a vehicle in front of you, the at fault status of the accident will get assigned to your claim. If you have claim forgiveness, this waiver will apply to the claim and protect your rates. Should you not have it, your driving record will drop to a zero, and you may have to be remarketed to a company that will accept the at fault accident on your renewal. Many times you can expect to pay double or triple the rate if this happens at renewal time.

In order to try to avoid this entirely, I would recommend winter rated snow tires as they are much more malleable, and are much more effective in cold conditions, including ice.

Also, there is no substitute for driving at a speed that you may be able to make an emergency stop and leave at least a car length of distance between yourself and other vehicles.

At your renewal time, your broker should be contacting you to ask if you have winter tires, and apply the appropriate discount to your insurance. Also they should ask if you are interested to add accident forgiveness if you previously did not qualify.

Sometimes accidents are unavoidable, but if you follow these tips, you will keep a healthy driving record and it may save you thousands of dollars.

Any questions I am available anytime!

Ryan

09/01/2023

Good Day!

Looking to talk to all garage owners! If you offer detailing, repair, body, or paint services you should have a review of your insurance coverage with a broker. To ensure your customer’s vehicles are covered both while on your lot and in operation with a service plate is essential. Even if you’re just starting out, or in operation from home I want to talk to you! Call or message me here.

Happy Monday all!

21/12/2022

Just dropped off the presents to the family we sponsored! So happy to see kids excited for Christmas morning!

19/12/2022

As the year is coming to a close, I would like to take this time to thank all of my loyal clients. This year’s transition from my old brokerage to Donovan’s was not easy but we did it! I am very fortunate to have the opportunity to serve each and every one of you.

I hope everyone enjoys the festive Holiday Season. Merry Christmas, Happy Hanukkah, and Happy Kwanzaa!

This week will be my final push before taking off next week to spend with family until 2023. If anyone would like a quote on Home, Auto or business I am available!

Many thanks and I look forward to speaking with all of you and servicing you in 2023!

Ryan Trunk

Address

72 Regina Street

N2J3A5

Website

https://www.donovaninsurance.com/brokers.html

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