Eagle Star Insurance and Investments Inc.

Will commercial BI policies cover pandemics after COVID-19? Will COVID-19 cause Canada’s property and casualty insurance industry to start introducing pandemic business interruption coverage, in much the same way Calgary’s 2013 floods prompted the industry to introduce overland flood coverage into home insurance policies? Don’t count on it....Continue reading

INSURANCE is Declared an ESSENTIAL SERVICE by Ontario Premier Doug Ford, We are at your service for all your insurance needs.

How liability works when pedestrian wearing dark clothing gets hit at night in crosswalk The wife of an Abbotsford, B.C. insurance broker has been awarded nearly $574,000 as a result of a vehicle accident, but the award would have been $765,000 had the plaintiff not been found partly liable for the accident. She was found 25% negligent mainly because she was not continuously alert about the car’s approach to the crosswalk that she and her children were crossing, the court fou...Continue reading

How to lower your insurance premium. No matter what role you play in the insurance industry, you're likely aware of the frustration around rate increases in recent months.As one of Ontario's insurance Broker, Eagle Star insurance is here to help our customers and Canadians in general understand what's happening, as well as suggest ways to potentially save on their premiums. That's why we've developed a set of helpful resources that are digital, shareable, and most importantly..., truthful. Because transparency in times of confusion is what makes our industry stronger and helps us better connect with the people we serve. helpful info, savings tips, and more. Some factors are beyond your control Even if you’ve had no tickets, no accidents, and no claims, you could see higher premiums than you might expect. 1 Extreme weather events and catastrophes are more frequent. As forest fires, floods, storms, and other weather events become more frequent, they cause extensive damage, resulting in more costly claims. 2 Municipal infrastructure is getting older. Outdated municipal infrastructure and a higher demand for water make sewer backups more frequent, resulting in more damage-related claims. 3 Neighborhood trends might put you at greater risk. When neighborhoods grow, demographics and risks change. For example, if there is a new commercial development near your home, or a new subdivision emerges, this might alter municipal infrastructure. These are factors insurers look at when assessing risk. 4 Emergency services, skilled trades, and personal belongings are more expensive. As with any goods or services, inflation means higher prices for things like emergency services and labor costs for repairs. That means paying for claims is more expensive, too. 5 Some new features are Eco-friendly, but not budget-friendly. Eco-friendly features like solar panels, energy efficient windows and doors, and high-efficiency appliances are a great choice for our environment. It is important to realize that if damaged, they could result in more expensive repairs. 6 Modern homes cost more. Rising home prices and more homes with high-end features (like pools and hot tubs) drive up replacement costs and liability claims. 7 Finished basements need more coverage. Since they’re made with higher-priced building materials, finished basements cost more to repair if there’s a sewer backup or other damage.