Our Insurance Blog

Are you in the market to buy your first home and trying to decide about insurance coverage? Forty-seven percent of homebuyers in Canada are doing it for the first time!

Being a first-time home buyer can be an exciting but nerve-racking time in your life. That's because there are many moving parts to the transaction and it's something entirely new to you. 

Before you begin searching the real estate market for your dream home, read about buying your first home and the most important insurance options.  

Did you know that nearly 50% of renters in Canada don't have tenant's insurance? If you are renting, you may think that your landlord's insurance covers your apartment, condo, or home. While this is true, your landlord's insurance only covers the structure, not your belongings. 

If there is a fire, flood, leak, or another disaster that ruins your things, your landlord's insurance is not going to cover any of your possessions. You may be out thousands of dollars or more depending on the value of your belongings. One way to avoid this from happening is to properly insure your possessions with tenant insurance.

Still not convinced? Read on to learn more about what tenant insurance covers and why you definitely need it.

In 2019, there were 35.7 million total vehicle registrations in Canada. Yes, this is a true statement, but other things you hear about cars and car insurance may not be. There are many myths and misconceptions out there that make it tricky to understand car insurance, but it doesn't have to be that way.

Understanding car insurance policies involve knowing the truth behind them. Read on to read a few common myths and misconceptions about car insurance.

Classic cars are a fantastic weekend project, especially if you enjoy taking them out for leisurely rides and to auto shows. However, finding the best insurance companies can be tricky, as antique auto insurance isn't like your standard auto policy.

For Canadian built classic cars such as the McLaughlin-Buick, antique auto insurance quotes are an absolute must. Not only do they protect you and your prize collectible, but they ensure other motorists are protected as well. 

If you're wondering what type of antique auto insurance St. Albert drivers need, then look no further than Tailor Made Insurance. For the best information on antique auto insurance, keep reading for information every classic car enthusiast needs. 

Homeowner's insurance is incredibly important for homeowners. In the event of a natural disaster, theft, or other incidents, your insurance will provide the funds to recoup your losses. Home insurance may also be a requirement to get approved for a home loan. 

On the other hand, while opting out of homeowners insurance could save you money on monthly payments, you could lose everything if something terrible happened. We don't want to see that happen to you. Keep reading for the top five mistakes you need to avoid when buying or renewing home insurance in Sherwood Park.

As the winter season begins, our winter vehicles come out to play. Your average outdoor adventurer is let out to explore all things winter. From snowmobiles to ATVs to everything else you can think of, it's going to be a blast.

While you are preparing your toys for the upcoming season, it is essential to understand the basics of insurance for your vehicles in the event of an accident or injuries that may occur. Continue reading to learn everything you need to know about recreational insurance in Sherwood Park and the surrounding areas.

Everyone wants to relax and have fun in their vacations. You can go to a resort, visit a cabin, or make a memorable journey on your boat, which will provide a refreshing change in your daily routine. But maintenance of recreational properties is a challenge. When your cabin stays unattended for a long time, it may need thorough cleaning and repairs before you enjoy a pleasant stay. Similarly, taking regular care of your boat and motorcycle hardware is not an easy task. Thefts and accidents may also have unexpected surprises. Tailor Made Insurance services offers the bundling of cabin, motorcycle and boat insurances, covering the unique risks of a recreational outing.

Waking up to a flood in your home’s basement due to a plumbing problem is never pleasant. One of the first questions that can come to your mind is whether your home insurance covers water damage. It can be confusing for regular homeowners in figuring out what constitutes water damage and what doesn’t according to your policy.

With the number of vehicles on the road increasing every year, the number of accidents is also increasing. Distractions while driving are the leading cause of mishaps. Several actions, such as texting or applying makeup, can distract you from the road, resulting in accidents. In this blog, Tailor Made Insurance Services lists out the serious insurance implications of distracted driving and the harsh penalties imposed on the defaulters.

Most homeowners need home insurance, irrespective of whether they own a home or a condo. Insurance provides protection from financial loss due to things such as fire and  theft and many more insured perils. Home insurance isn't mandatory by law but most mortgage holders and banks lend money only after you buy home insurance. If you decide you need property insurance, Tailor Made Insurance Services can help you with personalized and comprehensive insurance products and services specific for the area in which you live.

Houses and condos require different coverages and so, the insurance for both differs in various aspects. The coverage for the actual building is a factor where the two insurances differ the most.

Cyber-attacks on small businesses are on the rise. In fact, since these companies typically lack the resources and protective barriers needed to fend off cyber-attacks, they’re commonly targeted by hackers.

A recent poll commissioned by the Insurance Bureau of Canada found that nearly one in five business have been affected by a cyber-attack or data breach in the last two years. And among business hit by a data breach, 37% estimate that it cost them over $100,000.

Cyber insurance, also called cyber risk insurance and cyber liability insurance, is designed to cover businesses for losses caused by cyber-attacks. Here’s an overview of this type of insurance coverage.

Canada is a large country with extensive scenic routes that attract enthusiastic motorcycle riders. The diverse countryside offers a lot to explore. However, it is important for riders to understand the risks involved on the road. It doesn’t matter whether you are a regular or an occasional motorcycle rider accidents and fatalities can happen anytime. Motorbikes occupy less space on the roads and are less reflective; it is difficult to notice a biker from a far. You can avoid accidents by following certain safety guidelines. For instance, wearing bright colors on the road makes you more visible and less prone to a crash. 

Be prepared for such situations in Sherwood Park with motorcycle insurance from Tailor Made Insurance Services.

Spring is the season of expos and trade shows, where you can go to find all of the lifestyle services and products you'll need for the year ahead. The staff at Tailor Made Insurance are happy to announce that we are attending both the St. Albert Lifestyle Expo & Sale and the Sherwood Park Great Canadian Trade Fair & Sale this April.

If you're looking for insurance that better suits your needs, then it may be beneficial to combine multiple lines of insurance into one policy. Many people choose to do this with their auto insurance, home insurance, and business insurance. The insurance brokers at Tailor Made Insurance are here to help you decide if bundling is the right choice for you. Here are some of the important advantages to consider.

With Canada set to legalize recreational cannabis use this October, many people have questions about what impact it may have on their auto insurance. At Tailor Made Insurance in Sherwood Park, we want to make sure you've got all of the information you need to make the right choices. Here is everything you should know about how roadside saliva testing for cannabis will work and about what this could mean for your insurance premiums.