Name: Lakeview Insurance
Address: Calgary, AB
Telephone: 403-287-2521

Insurance brokers in Calgary can offer a variety of insurance depending on your specific needs for coverage. When it comes to saving money on insurance, there will be different methods on how to save depending on what type of insurance you have adopted.

Check out how you can save money on most standard insurances!

Combining Insurances

Paying for two different types of insurance can get costly. If both insurances are a necessity, then combining them can be proven to be cost-effective. One popular combination insurance companies offer is paying your home and car insurance together under them exclusively. Not only do you receive a discount for doing so, which saves you money and can cut some costs on your premiums as well. In essence, you’re getting more bang for your buck by taking advantage of these types of bundled insurance plans.

Reducing Coverage

Sometimes a little goes a long way. It makes sense that folks would want maximum coverage in case the worst occurs and their bases are all covered. However, there is such a thing as going overboard when it comes to insurance coverage. You might be spending unnecessary money on coverage that you might not even use at all. Best to review the details of your insurance coverage and discern what policies to keep or eliminate. In this way, you can not only have insurance that best reflects your needs and save money as well.

Higher Deductibles

Paying out of pocket may seem unappealing when dealing with a claim. But when you increase your deductibles, your future self will be thanking you in the long run for doing so. How does considering a higher deductible save you money when you’re paying more? Let us explain. Higher deductibles can be incredibly beneficial in the case of a major loss and can lower your premiums. Lower premiums are certainly worthwhile for those with travel insurance that plan to be abroad for months. It helps bring extra ease to finances for a traveler.

Pay Premiums Annually

Many are used to paying most bills monthly. With insurance, you can pay monthly as well, but it might not be the best method to pay for coverage. Monthly payment lapses with your insurance might have you spending more than necessary. By paying your premiums annually, you only need to worry about paying one big sum once a year. This route has proven to be the best in cost saving as some insurance companies can offer you discounts for choosing to pay annually instead of monthly. If you can swing paying a large amount, then this would be highly lucrative for you to consider in the long term.

Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].

The world of car insurance in Calgary has many moving pieces and components. Luckily, your friendly insurance brokers are here to make sense of the insurance landscape, and this also applies to new drivers. However, there are a few things to establish off the hop.

Considerations for Car Insurance in Calgary

Typically, new drivers have an extra burden when it comes to getting insurance. There are several reasons for this, such as their risk category. We will touch on the risk category more later, but at this point, you can simply consider it as the likelihood of a driver to experience a collision.

Additionally, there is a legal requirement for all drivers to have basic coverage insurance. In Alberta, basic coverage includes both third-party liability and accident benefits insurance. Third-party liability refers to the coverage you receive if someone, or something, other than you causes damage to your vehicle. In a similar vein, accident benefits cover your recovery or your family in the event of serious personal injury.

Sale agent deal to agreement successful car loan contract with customer and sign agreement contract Insurance car concept.

Now that we have established the insurance requirements, and why it might be a higher rate for new drivers, we can dive into the costs. Ultimately, there will be many factors to consider for your car insurance in Calgary, which can considerably fluctuate the cost. However, both your risk category and the AIRB will play pivotal roles in determining this price.

Factors Affecting Calgary Car Insurance Rates

Auto Insurance Grid Rate

The Automobile Insurance Rate Board (AIRB) has developed a sliding scale that establishes the maximum premiums for insurance companies offering basic coverage. This is called the Auto Insurance Grid Rate, and it essentially enforces the lower cost choice of two options. The first option is the driver’s premium through the Auto Insurance Grid Rate calculator, and the second is the insurance company’s current rating program.

This is a beneficial way to keep car insurance in Calgary under a reasonable standard and is often quite effective. The AIRB reports only 6% of drivers use the Grid Rate, which means that new drivers can usually expect to pay less than the $2,531 per year mandated by the program.

Risk Category

The risk category will adversely affect new drivers for a few reasons. Naturally, new drivers are at the highest risk for collisions and driving infractions. Additionally, fresh male drivers are at even higher risk than females because they tend to engage in risky behaviours. Therefore, an 8-year term applies to all new drivers that see their insurance rates increase to compensate for the possibility of danger.

New Driver’s Best Calgary Car Insurance

At Lakeview Insurance Brokers Ltd., we pride ourselves on offering all our clients straightforward, effective and comprehensive insurance plans. Further, we work with you to determine the optimal insurance level for your needs and combine deals from insurance providers around the province. Give us a call to learn more today!

The wide variety of insurance types is fantastic. Giving people the opportunity to protect themselves and the things they value is an integral part of the insurance industry. For example, home insurance in Calgary and auto insurance provide coverage for the biggest expenses people typically assume.

Thankfully, there are also types of insurance for smaller expenses. One of these is tenant insurance or renter’s insurance. Tenant insurance is a form of insurance that people who rent or have alternative living arrangements can purchase to protect their personal property. However, not all tenant insurance is made equal, and knowing the differences can be essential to your choice.

The Different Types of Tenant Insurance

Typically, the differences between insurance policies boil down to types of coverage. For example, consider your home insurance in Calgary. Every basic package includes the same coverage, but you can optionally pay more for added protection. Examples of additions would consist of fire and flood insurance, theft, accidental damage, and many more.

Ultimately, the same logic applies to tenant’s insurance. The primary coverage will take care of any issues with your own property at your lodging. This coverage will protect from damage, theft, and loss of property. Additionally, your tenant insurance will cover any damage you cause to other’s property or belongings. Typically, you can label this coverage as “liability” and “contents”.

Happy family couple renters tenants handshaking realtor landlord at meeting

However, there are also additional benefits that relate to tenant’s insurance. Easily the best example of this is temporary living expenses. This coverage is ideal when there are periods where you cannot reside in your home as they cover the costs for your temporary domicile. Naturally, your policy may have differing options, but typically this will include issues of fumigation, natural damage, fires, and more.

Another benefit of tenant insurance is the coverage it can provide for your valuables. Although there is a relevant stipulation to make at this point. This stipulation is that you should create an inventory of your valuables. Of course, it follows that the most pertinent information for an insurance claim is what exactly you are claiming.

Plus, there is no better time to start the list than right now. You will accrue more belongings as time goes on, and adding to the list is much simpler than the initial inventory. As well, if you are keen on ensuring your insurance company stays in the loop, feel free to send them a copy of the list. Then, if there is a claim, you will both be working under the same assumption about the estimated value of your belongings.

Find Your Tenant Insurance Broker Today

If you are looking for tenant insurance or any other form of insurance, give us a call today. Our professional staff looks forward to getting you the best coverage possible, and we love to share helpful tips and information!

A Calgary insurance broker performs many of the same functions you would expect from a typical insurance agent. However, where they differ is in their ability to offer you a wide range of options from several different insurance providers. In contrast, an average insurance agent would only provide you with the options of their company.

However, before we get into the benefits of this service, first, it seems necessary to review the ordinary functions of insurance brokers and agents alike.

The Tasks of Calgary Insurance Brokers

Providing Insurance

Of course, the task that you are probably most familiar with, when it comes to insurance brokers is their ability to sell insurance. Often, people have multiple insurance policies for their vehicles, homes, lives, and much more. A Calgary insurance broker can provide coverage for each of these policies.

Combining Policies

However, they can additionally provide better savings because of their relationship with multiple insurance providers. For instance, they can bundle your home and life insurance under one provider, and your vehicles through another. This versatility gives you the chance to take advantage of different deals or specials the insurance companies offer, such as savings or rate reductions.

Insurance protecting family health live, house and car concept.

Continuing Support

Insurance brokers are also responsible for other tasks, such as study and research. Every year some changes affect insurance policies, regulations, and more. It is up to each insurance broker to ensure they know about the changes so they can better inform their clients and provide useful information.

As a result of insurance brokers’ knowledge, they can also provide relevant information. For instance, showcasing how different plans or bundles can save money for their clients. Or, advising on what insurance policies are necessary for different items, such as basic versus comprehensive coverage for vehicles.

Why Choose a Calgary Insurance Broker?

At this point, you may be wondering why you should choose a broker over an agent. The reasons above speak to their ability to find you the best promotions and packages. But, if that isn’t enough, there is one additional reason.

The final reason, and perhaps the most convincing, is that insurance brokers work for commission. This means they only get paid if they work out a deal between their clients and the insurance companies. The reason this is so convincing is its offer of a continuing incentive for the broker to learn about new sales and changes within each company.

Getting travel insurance in Calgary is a wise step to ensuring your protection when you travel abroad. It will also help prevent unplanned medical visits, and help you stay aware of the vaccinations and risks that can be present with travel to any location outside of Canada.

It is important to remember, on the note of proper knowledge, to consult with government messages and warnings about going abroad to certain countries. This will prevent you from exposing yourself to unnecessary risk or danger.

However, if you do find yourself having to submit a travel insurance claim you should know the process is painless and straightforward. Although, there are a few pitfalls to avoid, which include:

Proper steps to Filing an Insurance Claim in Calgary

The most important part of travel insurance in Calgary, and the subsequent claims that may result, is not to exaggerate the claim. Refer to any medical documentation you received, and complete your claim based on the results you see there. This will prevent exaggerations of injury or lost items.

Secondly, keep that documentation handy. It is important to include it in your claim so that your insurance company will be able to accurately assess the claim, which will also expedite the process and streamline your claim.

Third, make sure that your travel insurance policy includes the provisions for which you are claiming. There is nothing worse than losing valuable items, and realizing the limit on your policy does not include the full value of said items. This also includes pre-existing conditions that may be exacerbated by your travel plans and were not disclosed when the policy was taken out.

Finally, make sure you submit your travel insurance in Calgary claim as soon as possible. This will help to ward away any suspicion from the insurance company and will be the easiest way for you to recall all of the details before they slip away into the vault of your memories.

See how easy the travel insurance claim process can be? Now you should have no problem selecting a plan that is right for you and adequately covers the cost of your belongings and yourself. After that, it is just a simple process of keeping track of any incidents and open, honest communication with your insurance company.

Why It’s Important to Hire an Insurance Broker in Calgary

Buying insurance can be a difficult, challenging experience, but working with an insurance broker makes the whole process much easier. Brokers translate industry jargon and navigate policies to help you find the best insurance policy for you.

Here’s Why It’s Important To Hire Insurance Brokers In Calgary.

Calgary Insurance Brokers Get to Know You Part of what makes insurance brokers in Calgary different from insurance agents is that they don’t work for a specific company. They work with a variety of insurance companies in Calgary so they can match you with the policy that best meets your needs. To do this, brokers first take time to get to know their clients.
Insurance Brokers can Help File Insurance Claims Filing insurance claims can also be complicated, but insurance brokers in Calgary can help you with this task too. They know the proper way to file claims to help you through the process.
Calgary Insurance Brokers Have Your Best Interest in Mind Brokers working with insurance companies in Calgary depend on their reputation in the industry and work harder to defend it. Selling a bad policy, or one that doesn’t meet their clients needs well, can negatively impact the insurance broker’s future business. This means brokers keep your best interests in mind because it’s in their best interest to fully meet your needs.
Insurance Brokers Understand the Intricacies of the Marketplace Since insurance brokers work with different insurance companies in Calgary, they develop a detailed knowledge of the insurance marketplace. Hiring an insurance broker means you can put that valuable expertise to work for you. With their vast knowledge of the market, brokers can help you find and understand the best insurance policies.

Hiring insurance brokers helps you navigate the insurance marketplace and find the policies that work best for you. Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].

You have a couple of questions that you have to ask your insurance broker in Calgary to ensure that you get the best deal. A lot of people find the insurance aspect confusing, and you have to ask the right questions. Before you begin your relationship with your agent, you should be able to trust them for an insurance quote.

What’s the Experience and Qualifications?

You have to stay alert to the dangers of insurance companies Calgary choices that don’t have much experience or qualifications. Ask the broker about their license and look them up on their licensing. You should also check for disciplinary actions that were taken against the broker because this is a bad sign.

What’s the Company That You Work With?

Check to see what kind of competitive quotes they can offer you in comparison to the other insurance brokers. Brokers that work with many different companies will have access to a variety of quotes. Getting an insurance quote from one of these companies will give you plenty of savings.

How Much Do You Communicate with Clients?

When it comes to insurance brokers, you eliminate much of the errors that can take place. A great insurance agent will always keep your best interests at heart. They will also send regular newsletters out to their clients, and they will inform them about everything going on in the industry.

Before you go with an insurance broker in Calgary, you should first check to see that they will always act with your best interests at heart. A company that doesn’t display honesty with you when it comes to selling you insurance shouldn’t be trusted. You’re better off finding another company to help you. One of the signs that you have a dangerous agent is that they refuse to tell you the negative aspects of the insurance policy, or one that says they don’t mind bending the law for you. This is a bad sign that shows they will be dishonest. In most cases, they won’t break the law for you. They will rip you off.