BECAUSE WE KNOW YOU'RE ON A BUDGET

If you’re a University or College student and you live on campus, you've probably been told it’s a good idea to get Tenant's Insurance just in case anything happens.  Or maybe you’re thinking of moving into residence and housing services actually requires you to prove that you have insurance.  

Don’t get us wrong, having insurance is definitely the way to go, but you might not need your own policy.  There is a possibility your parents or guardians have some form of home owner's insurance, and chances are you’re still covered under their policy! 

Under a typical home owner’s policy, the following people are listed as an insured in addition to the policy holder:

• his/her spouse,
• relatives of either, and 
• any person under 21 in their care

THEN, most policy wordings have a paragraph after that states that any student enrolled in and attending a School, College or University who is still dependent on the policyholder is ALSO covered, even if living away from home.

That little added paragraph could help save you a couple hundred bucks and some time!  If you’re a student living away from home then chances are you've got Personal Property and Liability coverage. So before you jump the gun and buy yourself a policy, find out if your parent’s policy extends to you by talking to a broker.

Check out our website for more details, or call us today to find the best solution for you!

Lindsay Wills, B.Comm - Account Manager

BACK TO THE BASICS

In our day and age we often don’t give insurance a second thought.  People always tell you that you should have insurance, and sometimes it’s even required... by the government, the bank or even your landlord!  Here at Toole Peet we know how important it is for consumers to be educated before making a purchase and we want to make sure you know all the great benefits that come along with buying an insurance policy. 

Let us tell you what insurance can do for you and why you really need it.

1)  When you get a loan, whether it’s to buy a home, a car, or anything else for that matter, banks and financing companies want a guarantee from the borrower (you). Insurance acts as that guarantee and, in return, gives you easier access to credit.

2)  Insurance transfers the burden of a loss from one individual, to a large group of people. By pooling together premiums, it allows people to pay a specific amount at a specific time, as opposed to covering the entire cost yourself in the event of a loss.

3)  Finally, it gives you the peace of mind that everything is going to be alright.

On top of all that, insurance professionals are very knowledgeable about loss prevention and reduction, and can provide lots of easy tips to help reduce the frequency or severity of a loss.

Every day you encounter risks that could lead to potential losses, even if you don’t notice them.  Talk to a BROKER today to help manage those risks and give you some peace of mind! 

Lindsay Wills, B.Comm - Account Manager

WHAT YOU SHOULD KNOW ABOUT SPECIAL LIMITS

Meet Pearl, isn’t she a gem?  Speaking of pearls and gems, did you know that you may have special limits on your most treasured items?  Here’s what you need to know about Special Limits of Insurance.

What’s a Special Limit?  This is the most an insurance company will pay for insured loss or damage for a specific type of personal property.

The types of personal property that commonly have special limits applied are:

• Jewelry
• Watches
• Money
• Bicycles
• Securities
• Water Craft
• Utility Trailers
• Gems
• Furs
• Collectibles
• Business Property, while on your premises
• Business Property of others

If you're worried about your property or have ever experienced a loss, take Pearl's advice and find out what your special limits are by contacting your broker today!

If you need to insure these items for more than the applicable limit on your policy, simply ask your broker to schedule them for you.

Talk to a reputable broker and get the insurance you need today!

TOOLE PEET: HELPING YOU UNDERSTAND INSURANCE

We are so excited to launch and post on our blog for the first time!  How do you feel about reading a new blog that entertains, educates, and inspires you?  We are looking forward to connecting with you in more ways than ever before while offering a new way for you to view the insurance industry, and us as an insurance brokerage.

We have so many ideas that it’s hard to decide where to begin!  Plus, we don’t want to overload you with content. Our main goal this year is to connect with you online and keep you updated with interesting and helpful information. We hope to make this happen by blogging regularly and boosting our social media presence!  Make sure to follow us to stay in the loop!

We are not afraid to confront the perception of the insurance industry.  Insurance can be mind-numbing and overwhelming, and let’s face it, most people would rather not read an insurance blog. However, being properly informed when making your insurance purchasing decision is extremely important.  So why not let us help you out?

We want to write content that our customers and prospects want to read, it’s that simple!  Talk to us, comment, let us know what you need to hear and we will do our best to get you what you need.  Check out Toole Peet!