Trusted Insurance Brokerage firm in Sherwood park, St Albert, Surrounding Areas

• Low-mileage car use, graduation from approved driver training courses, two or more vehicles insured for the same household.
• Retirees with no employment income. Mature drivers over age 50.
• Loss prevention devices, e.g., car alarms.
• Increased deductibles.
• Policy renewals for long-time, claims-free policyholders.

If your car is not used in winter, you can suspend third-party liability and collision coverage while the vehicle is stored. But do maintain accident benefits coverage.

Ask what happens to your classification if you have an at-fault or partially at-fault accident. Many companies allow partial forgiveness of the first at-fault accident and re-classify at the next rating category. Others do not, and this results in a substantially increased premium.

• Claims for theft, vandalism, fire, broken glass, and for collision when you are not at fault do not affect your renewal premium.
• If you lend your car to others and they cause an accident, your premium may be affected.
• A multitude of "at-fault" claims and/or driving convictions could result in your being transferred to the high-risk, high-premium Facility Association at renewal time.

This is very specific to you. Only your broker or agent will be able to answer this question.

No policy covers everything that could go wrong. And if it did, the premiums would cost too much to be useful. Insurance is intended for unforeseeable events. Flooding, for example, generally cannot be insured against, usually because such damage is inevitable. After all, a house built in an area which can be flooded…eventually will be flooded. That's what Mother Nature does on flood plains!

Yes. For example, if you live in an earthquake zone, you might want to consider buying earthquake coverage or if you are worried about water damage from a blocked drain, you might want sewer back-up coverage. Discuss which options you may need with your insurance representative.

Here's one example. Damage arising from the freezing of indoor plumbing is seen as preventable. So, if you are away from home for more than four days during the normal heating season, you must drain the plumbing or arrange to have your home checked daily by a competent person to ensure that heat is maintained. If you do not make these arrangements and your pipes burst, you may end up holding the clean-up bill along with a mop and pail. Ask your insurance representative about other conditions that may apply to you.

• *Bicycles
• Jewellery
• watches 
• Furs
• Coin/stamp/*card collections

The higher the deductible (the portion of a claim that you have to pay), the lower the premium. Compare the premium with different deductibles, and then decide whether the lower premium is worth the higher amount you would have to pay out of pocket if you had a claim.

Many insurance companies offer discounts to policyholders who have newer homes, who have installed safety features like smoke detectors and burglar alarms, and who have made no claims for a certain period of time. Some are even giving discounts to non-smokers. So you can quit smoking or install a burglar alarm! Whatever the case, make sure you get all the discounts to which you are entitled.

Most claims on home policies are paid on a replacement-cost basis, meaning that the insurance pays the cost of replacing the damaged or lost belonging with a new one that is as close to the original as possible in functionality and quality. However, some policies may pay only actual cash value, which means replacement cost LESS depreciation. Ask your insurance representative what you have. Of course, you have to actually replace the belonging in order to receive replacement cost for it.

You are covered for unintentional property damage, bodily injuries for which you are legally responsible anywhere in the world, and legal costs if you are sued. A minimum limit of $1 million is recommended. Ask your insurance representative about the specific coverage in your policy.

First, whenever you have a lifestyle change like this, tell your insurance representative, because there will usually be restrictions on such things as theft and damage by tenants. They can outline these restrictions, so that you can take precautionary measures. Other lifestyle changes that warrant a phone call to your broker include: home renovations, home exchange programs, running a small business from your home, installing a home security system, purchasing a cottage/boat, etc.