Considering Being a Ride Share Driver in Alberta? Get Useful Financial Planning Advice and Insurance Quotes First

Like several cities across the world, ride share services such as Uber have become increasingly popular in the province of Alberta. The unique opportunity offered by Uber cuts across demographics and touches people from all walks of life. Some have earned such tremendous recognition and popularity that their brand names are now used as verbs!

 

Whether you wish to make some extra cash with the freedom to operate beyond your regular job, or you want a flexible career where your personal vehicle is your office and you are your own boss, being a ride share driver is a lucrative option for many individuals. However, being a ride share driver means that you are providing commercial rides in your personal vehicle and historically, there was no personal or commercial insurance policy that could cover and compensate the passengers you ply from one place to another. However, the province of Alberta has now approved personal insurance coverage for ride share that typically allows:

  • $2M in Third Party Liability coverage
  • Standard Accident Benefits
  • $1,000 deductible for comprehensive and collision coverage.

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Thoughts of Home Flooding Giving You Sleepless Nights? Understand the Risks and Insurance Coverages

Insurance for flooding in AlbertaIn the last few years, residents of Alberta have seen a fair share of natural disasters, including, wildfires, storms and floods that have wreaked havoc in the lives of the affected communities. In fact, a study conducted by KPMG on behalf of the Canadian Institute of Actuaries suggests that water damage accounts for almost 48% of the overall Canadian home insurance claims. Theft and fire contributed 18% and 4% of the claims respectively, while the remaining 30% comprised of other losses.

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Everything You Need to Know About Personal Liability Insurance

It’s the peak of summer and your weekends are packed with a host of backyard barbecue parties. At your last weekend’s party, one of the guests ventured into your garage and ended up injuring his leg after tripping over a loosely stored ladder. A few days later, you are greeted with an unpleasant surprise in the form of a notice informing you that your guest fractured his leg and is suing you for thousands of dollars in damages. It looked like a minor accident, and he wandered around your property by himself, unescorted. Then why are you being held accountable? While it may not seem fair and you may think you are not at fault, you still need to be prepared for such situations. This is where personal liability insurance comes in.

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In-Person Meetings with Your Insurance Broker Are Valuable and Beneficial. Why?

Technology does much for us. Consider your home computer. You can catch up on the news, find new recipes to try, pay bills, and buy insurance while never leaving your home, or getting out of your pajamas. You can even check in with family and friends through email or social media. If you want to talk with a friend across the nation, you do not have to pick up the phone. Instead, you can hop on a video call. Many people even work from home, all because of the advances in communication.

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4 Steps to Controlling Your Finances as a Millennial

financial planning servicesBecoming an adult brings plenty to look forward to, like eating dessert before dinner, staying out as late as you want, and answering to the demands of a boss. Yes, graduating from school is a rite of passage that leads to the next adventure…“adulting.” Part of the fun of growing up and leaving home is growing in your career. Alberta is active in many economic sectors but is developed the highest in service industries such as healthcare, government, energy, and agriculture. Read more