Buying Insurance
Buying insurance doesn't have to be complicated, but there are a few things to keep in mind:
- Think carefully about your situation to identify what risks you need to insure against.
- Review your insurance needs after major life events such as starting a family.
- When you shop around, compare both coverage and price.
- If you deal with an insurance agent or broker, find out about their qualifications.
- Before signing, read the policy carefully to make sure you understand what is and is not covered.
There's more to buying insurance than just getting the lowest premium. Read more about buying insurance and how to make sure you get the right insurance for your situation.
- Qualifying for insurance
- Evidence of insurability
- Maintaining your coverage
- Cancelling your coverage
Related Resources
- Understanding Insurance Basics
What you need to know before buying Insurance - Credit Card Balance Insurance
- Financial Basics
A financial literacy workshop
- How can I find out if an insurance company is licensed to do business in my province or territory?
- Can a life insurance company refuse to provide me with life insurance? If so, for what reasons?
- Why won’t my home, auto or business insurer reimburse me for the full cost of replacing my damaged or stolen items?
- How can I make a complaint about my insurer?
- How can I cancel my insurance policy?
- Can a life insurance company cancel my life insurance or disability insurance policy even though I have paid all of my premiums?
- Do I have to list the mortgage lender or finance company as a beneficiary on my home or auto insurance policy?
- Can an insurance company charge me higher premiums based on my credit rating?
- Does my home insurance cover my home-based business?
Other types of insurance
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