This has been an especially costly year due to natural disasters, and the recent polar vortexes mean Canadians should remain prepared. It can be tempting to turn to credit to cover surprise costs during emergencies like the ice storm, but are you better off dipping into savings?
Finance news 2013: From the Bank of Canada rate to BlackBerry, it has been a rollercoaster for Canadian finance news. Check out our top 5 headlines of the year.
This summer’s Calgary flood insurance claims are the most expensive in Canada’s history at $1.7 billion, and many homeowners were denied payments due to insufficient coverage. Now, there’s talk of making overland flood insurance accessible to Canadians – but a number of preventative measures need to take place first.
A recent BMO report finds 25% of the home damage caused by the Calgary floods may not be covered by insurance. Here’s what you need about your policy so you won’t be blindsided by a natural disaster.