Condo Insurance in Medicine Hat, Edmonton, Calgary, Brooks & Bassano

condo insuranceToday the idea of home ownership changing with condominiums becoming common options in Canada’s larger urban centres and increasingly, in smaller communities throughout Alberta as well. According to Service Alberta, a “condominium is a form of real property ownership that has two distinct parts: you own your condominium unit to which you get a title, and you also jointly own common property with the other unit owners in your complex.”

It also means understanding the different levels of insurance required for each of the two distinct parts of ownership. Insurance on the entire structure of the condominium complex is the responsibility of the condominium corporation. This insurance must cover replacement cost value insurance on the property for all perils covered by standard insurance policies, and insurance for any liability incurred by the board or corporation when carrying out their duties and responsibilities.

In Alberta, a condo corporation is required to maintain insurance to protect common property from destruction or damage caused by: fire and/or leakage from fire protective equipment; lightning; smoke; windstorm; hail; explosion of natural, coal, or manufactured gas; water damage caused by flood; water damage caused by sewer back-up or the sudden and accidental escape of water or steam from within a plumbing, heating, sprinkler or air conditioning system or a domestic appliance that is located within an insured building; impact by aircraft, spacecraft, watercraft, and land vehicles; riot, vandalism or malicious acts; and any other causes as required by the condominium by-laws. Read more

What to Consider when Choosing the Right Auto Insurance Company

auto insuranceIf you are considering buying a new or used vehicle, are ready to renew your auto insurance, or just became a licensed driver, you should be considering your car insurance options. Insurance is mandatory in Canada, the

type, quality, and overall coverage that meets you individual needs very when comparing car insurance quotes.

There’s a lot of advice out there, some good, some not so good. At Thomson Schindle Green (TSG) Insurance and Financial Services Ltd, our brokers in Medicine Hat, Calgary, Bassano, Brooks and the Edmonton area provide auto insurance at the best possible rates to protect your mechanical dreams. If you have existing coverage and are interested in seeing a comparison of our rates, we will be happy to provide the information you need. Till then, here are a few considerations for the next time you compare insurance quotes.

First, consider the cost of your investment including annual vehicle operating costs. Longer loan terms, as long as 84 and 96 month means there’s little to no equity once it’s paid for and it comes time to trade in or sell that vehicle. A 2015 Wheels.ca article using the Canadian Automotive Association’s Driving Cost Calculator shows the annual operating cost for a compact car in Alberta on average is $8914 of which $1684 or 18.9 percent is insurance. Read more

All About: Commercial Insurance in Alberta

commerical insuranceIf you’re in business, then you need to consider commercial insurance. According to businessdictionary.com, commercial insurance “is coverage for businesses for protection against potential losses through unforeseen circumstances like theft, liability, property damage, and for coverage in the event of an interruption of business or injured employees.”

As definitions go it’s pretty dry, uninspiring even but if you are in business you are already aware of just how easily “unforeseen circumstances” can make a mess of your day, and your balance sheet.

According to Canadian Business, you should consider getting insurance to protect your assets: vehicles, office space and equipment, inventory, an indispensable employee or partner and, most importantly yourself, from potential risks. While risks are part of business, so is being prepared for them. Read more

The Importance of Home Insurance in Alberta

Thanksgiving has become a Canadian tradition of home and family gathered together to share in and give thanks for the many blessings our great nation has provided. Roast potatoes, carrots, squash, salads of all kinds, everyone’s favourite dessert, and of course turkey. Canadians love turkehome insurance in albertay with the average person in Canada consuming 4.5 kilograms (kg) of turkey per year, which translates to an estimated 150 million kg for Canadians annually, according to data from Turkey Farmers of Canada.

However, cooking-related home insurance claims more than double on Thanksgiving Day, compared with an average day. According to the Insurance Bureau of Canada (IBC), home fires account for roughly 30 percent of all the fires that occur each year in the country. Additionally, 73 percent of all the fatalities that take place as a result of fires are home-based, typically starting in the kitchen while cooking. That’s why it is critically important to keep a constant eye on the turkey and everything else that’s cooking in order to avoid a potential home insurance claim resulting from a cooking fire. Read more

Farm Insurance and Halloween Harvest

Agriculture is big business in Alberta. For farmers it brings many satisfying rewards as well as numerous risks. At Thomson Schindle Green Insurance and Financial Services Ltd, we’re proud to offer the farm and ranch industry specialized products with the broadest coverage at the most competitive rates that simplifies the purchasing of insurance to mitigate that risk.

Autumn is one of the busiest, and riskiest times of the year for farmers with the rush to harvest and prepare the land and equipment forfarm insurance edmonton its winter hibernation. It’s also time to celebrate the year’s efforts with Thanksgiving and Halloween. For farmers, this can mean increased risk from people picking pumpkins or corn on your farm, or trick-or-treaters going door-to-door at dusk.

According to Statistics Canada in 2011, Canadians saw 3,734,401 potential trick-or-treaters aged five to 14 (not all at one house thankfully); there were 88,400 tonnes of pumpkins and squash grown in Canada; and, Canadians spent $355.9 million on candy, confectionary and snack foods in October. Read more