Looking to kick 2014 off to a great financial start? From savings resolutions to spending guides, check out these ways to make the new year the best yet for your personal finances.
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.
Better to be safe than sorry; that’s the mantra drummed into Canadian’s heads by insurance companies. And while they have a valid point – no one wants to be bankrupted by an unforeseen series of events – many insurance customers are less knowledgeable than they should be about their coverage. When choosing your insurance products, educate yourself – and ensure you really understand what you’re signing up for.