Youngs Insurance Brokers Burlington

With car insurance being  mandatory in Canada , high-risk drivers often find it hard to get back on the road due to expensive insurance policies and hefty fines if caught driving without one. In this article, we’ll help you get a  high-risk auto insurance quote online in Ontario . We’ll also help you understand what high-risk drivers are and know the average costs of getting high-risk auto insurance. What Qualifies You as a High-Risk Driver? High-risk drivers are defined by the Financial Services Commission of Ontario as drivers who had a number of convictions, at-fault accidents, canceled policies, or has other risk-related characteristics. Drivers can also be considered high-risk if they have one or more the following: Poor driving record (suspended license, careless driving) Poor credit score (history of late payments or delinquencies) Having more than two traffic tickets Drivers aged 16 to 24  Driving a modified car with enhanced performance If an ins...

Canada requires every car owner to have auto insurance . Your policy should cover the owner, the vehicle, and the passengers. In the event of a collision, your insurance should also be able to cover the medical expenses of pedestrians you’ve injured and the property damage you caused. Some provinces, like Quebec, offer insurance that covers the policyholder’s medical bills if they get hurt in a car accident. For vehicle damage and liability, however, you need the help of a private insurer. The minimum liability insurance coverage is 200,000 CAD . This insurance is valid in Canada and the United States. Insurance should never be an afterthought. It acts as a cushion for your medical and liability expenses in the event of a collision. However, some people may find it overwhelming to pay for insurance on top of their car loan fees. Don’t be blindsided by the extra fees you may encounter in your car insurance premium. Here are factors you need to consider when shopping for car insuranc...

  Working with inexperienced Insurance Producers, I am aware that the concept of analyzing risk can be quite foreign to those newer to the industry. I'm finding that there is a lack of knowledge in the proper placement of risk in the personal insurance arena in general. I'm hoping to make that concept a bit easier to understand by examining what components of a risk need to be considered when making carrier placement decisions. The widespread use of comparative raters has been the one factor that may confuse insurance personnel the most. Technology has advanced tremendously in the past several years, but none of the raters adequately have the ability to analyze a risk and eliminate the rates of carriers that do not even want that particular risk. If a rate comes back and they are competitive- they must want the risk- right? Overwhelmingly, the answer to that question is NO! In personal lines, we are typically starting the analysis by determining if a risk is "preferred...