Question 1

Do you need special insurance for DoorDash or any other delivery service?

Accepted Answer

If the company you’re delivering for has their own policy in place to protect their drivers, you may not need additional insurance. An insurance broker can help you figure out what you need to do before you start making those deliveries.

Question 2

What is the benefit of an insurance broker?

Accepted Answer

An insurance broker knows insurance inside and out. When it comes to insurance, brokers don't go with a "one size fits all" approach. We know what questions to ask so we can find a solution that makes sense for you. The biggest benefit of going with a broker is having peace of mind knowing the things most important to you are protected.

Question 3

How do insurance companies determine premiums?

Accepted Answer

Insurance companies determine premiums in different ways. When it comes to car insurance, there are a lot of factors:

Your insurance history. How long you’ve been insured in the province you’re looking to get insurance in is one thing the insurance company considers.
If you’ve been in any accidents or if you’ve received speeding tickets, the insurance companies will take that into account.
How you use the vehicle is important. Is it for personal use, or is it part of your business?
Companies take into account how much you drive. If you have a long commute it could increase your rate.
Where you live is a huge factor in determining your rate.

When determining home insurance premiums, the factors are different:

Your claims and insurance history
Where you live
What coverages you’ve selected. When it comes to home insurance, there is a lot of optional coverages to consider which will affect the premium.

Question 4

Does my marital status affect my car insurance rate?

Accepted Answer

Some insurance companies take your marital status into consideration. And we hate to break it to all the lonely hearts out there, but common-law and married couples sometimes get a cheaper rate. It seems pretty unfair, but if the insurance company has determined that couples get in fewer accidents, they’ll consider single people a bigger risk, and their premiums will cost more. However, not all insurance companies take marital status into consideration. A broker can shop around different insurance companies to find the plan that fits your life, whether you’re single, married, or it’s complicated.

Question 5

Does my driving experience affect my car insurance rates?

Accepted Answer

Yes! Driving experience and driving history are factors insurance companies take into consideration when determining rates. If you don't have a lot of driving experience, you will likely see higher rates for insurance. If you have a long history of driving without accidents, you will likely have lower rates.

Question 6

I commute to work, does this impact my insurance rate?

Accepted Answer

Yes, your driving habits are something that insurance companies take into consideration. The more time you spend driving, the more likely you are to be in an accident. This means that if you have a long commute to work every day, it might have an impact on your rates. One of our managers from Toronto, Ina Goga points out an important distinction when it comes to commuting:

"Commuting to work and commuting for work are two different things," Ina says. "If clients have to drive around for work we might have to rate them differently. This can sometimes be confusing for clients."

If you find insurance confusing, you’re not alone! We have brokers like Ina who can explain everything, and make sure you have insurance that makes sense for you.

Question 7

If I can’t visit an office in person, how can I receive or send insurance documents?

Accepted Answer

Most of the insurance carriers we work with will mail documents to you directly. If you require additional documents, please call us to determine what options are available.

Question 8

When is a car considered totalled?

Accepted Answer

That depends on the value of your car. Generally speaking, if the cost to repair the car is more than the value of the car, it is considered totalled.

Question 9

What if a friend wrecks your vehicle?

Accepted Answer

When someone else drives your car, your insurance will follow them. As long as you give them permission, and they are legally able to drive, your policy will be in effect. If they damage your vehicle, it will effect your insurance policy and future rates, just as it would if you were the one to get into an accident.

Question 10

What is "Full" car insurance coverage?

Accepted Answer

Each province in Canada requires all drivers to have car insurance. However, the amount of insurance mandated by the law is quite minimal, and there are many other types of coverage you can add to your policy. Full coverage insurance includes add-ons, such as collision and comprehensive coverage. Collision will cover you if your car is damaged in an accident, regardless of how the accident happened. Comprehensive provides you with protection against non-collision events, such as theft, damages due to weather or vandalism.

For more information on full coverage insurance, please speak to a BrokerLink broker!

Question 11

Is my business insurance still eligible if I make any changes to the operations of my company?

Accepted Answer

Your insurance should be as unique as your business. If you alter your business or operations you may be altering your risk exposure. It is important to notify your broker of any planned changes to your business model. This may include changes to the product you manufacture, the process for manufacturing or offering new types of goods or services. Perhaps you are planning to start offering installation services for the products you distribute. These operational changes are called a “material change in risk” and can impact the type of coverage you need or the premium charged by the insurers. It’s a good idea to speak to your BrokerLink broker before moving forward with any business modifications that may impact your coverage.

Question 12

Is my business covered by insurance if my we get sued?

Accepted Answer

Depending on the allegations, your policy can help defend you from legal action against the operations of your business. Notify your broker immediately if an incident occurs that could result in a potential claim or lawsuit. They can discuss what protection and coverage is available to you.

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FAQs

Do you need special insurance for DoorDash or any other delivery service?

What is the benefit of an insurance broker?

How do insurance companies determine premiums?

Does my marital status affect my car insurance rate?

Does my driving experience affect my car insurance rates?

I commute to work, does this impact my insurance rate?

If I can’t visit an office in person, how can I receive or send insurance documents?

When is a car considered totalled?

What if a friend wrecks your vehicle?

What is "Full" car insurance coverage?

Is my business insurance still eligible if I make any changes to the operations of my co...

Is my business covered by insurance if my we get sued?

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FAQs

Do you need special insurance for DoorDash or any other delivery service?

What is the benefit of an insurance broker?

How do insurance companies determine premiums?

Does my marital status affect my car insurance rate?

Does my driving experience affect my car insurance rates?

I commute to work, does this impact my insurance rate?

If I can’t visit an office in person, how can I receive or send insurance documents?

When is a car considered totalled?

What if a friend wrecks your vehicle?

What is "Full" car insurance coverage?

Is my business insurance still eligible if I make any changes to the operations of my co...

Is my business covered by insurance if my we get sued?