Cars or motorcycles in storage are still subject to hazards like fire or theft. In order to protect your assets, keep up a minimum level of insurance coverage.
If you are taking on new debt, you may want to purchase loan insurance to protect your financial interest in the event of death, illness or disability.
Health insurance options for new immigrants to Canada
There’s no doubt, your home is likely the largest purchase you’ll ever make. If you arrange your mortgage through the bank, it is their responsibility to ask you if you want to insure your mortgage through them. While it’s easy to say yes, it’s a good idea to explore your options thoroughly first. Mortgage insurance is a good idea for some, but there could be a better option – life insurance. Let’s look at each closely and compare them for their drawbacks and their benefits.