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Not unlike bringing your car into the shop for a tune-up, scheduled home maintenance can curtail an onslaught of costly issues down the line and help preserve your home's pristine condition. But the undertaking is often daunting for new and seasoned homeowners alike. With the multitude of tasks, where do you even start?
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Whether or not flood damage is covered in your home insurance policy depends on your policy's coverage options and what caused the flooding in the first place. If your window is broken during a tornado and water enters your home, typically you will be covered. If water damage is the result of a "sudden and accidental discharge of water" such as an extreme heavy downpour, a burst pipe or a backed-up sewer, you are likely covered provided you have this endorsement on your policy (it's optional and you have to request it).
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I made the huge-ass mistake of packing a valuable item -- Luckily, theft was covered by my travel insurance. Or so I thought. The insurance representative regretfully informed me that although stolen baggage was covered, my claim wasn't eligible. It was a baffling and maddening situation, but one that got me thinking: what other insurance loopholes are lingering out there?
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Buying a new home can be a daunting experience -- especially if it's your first time. One thing that banks love to do is tie mortgage insurance into your mortgage agreement, right along with a dangerous-looking checkbox you need to fill in if you choose to "recklessly" opt out. Here's why I want you walk into that mortgage broker's office, check that box, sign that line and opt out of it with total confidence.
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OTTAWA - Canadians looking to make a few extra dollars this summer by renting out their home or cottage when they aren't using them should call their insurance broker first or face the risk a claim ma...
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You pay the premiums every year, but if your home was damaged or destroyed, would you get the amount you're insured for? Not necessarily. Stuart and Annie Brown of Markham, Ont., are fighting t...
Jane has good benefit coverage provided by her employer that provides some insurance for her and John. However, she thinks that John should consider some additional insurance because of his home-based business. So they spoke to an insurance expert about life and property coverage.
Canadians are typically known for being polite, apologetic and careful. But when it comes to insurance, a new Leger research study commissioned for PC Insurance, suggests we're not always following the rules -- or playing it safe.
OTTAWA - Millions of Canadians living in many parts of the country could find their homes declared uninsurable, as the insurance industry grapples with skyrocketing water damage claims.That's the grim...