Your Premium News - September 2019

In this issue: Make sure your car is ready for the change of season, why condo or tenant insurance could save you a ton, travel insurance deductibles, myths about health care insurance.

Thinking Ahead - Make sure your car is ready for the change of season.

Fall is a time of transition – the leaves are turning, kids are going back to school and the roads are busier as everyone returns from summer vacation. Your driving habits will probably shift with the season as well. So this is the perfect time to make sure your vehicle is ready for fall.

Keep your car in tip-top shape.
Have you been on a few summer road trips since your last oil change? Check your owner’s manual for the recommended service interval, and schedule one if you’re due.

Make road safety a priority.
With kids going to and from school and the weather changing, it’s a good idea to allow yourself extra time to get where you’re going. Give your emergency kit a once-over – you’ll want fresh batteries in the flashlight now that the evenings are darker, for example.

Plan ahead for next season.
Before you know it, temperatures will have dipped to frost. Make an appointment to have winter tires put on your car now, before the calendar fills up with kids’ activities, work trips and visits with friends.

Update your insurance coverage.
Have you moved over the summer? You will need to report your address change to an Autopac agent.  Maybe you’ve started to carpool to work and are only using your vehicle for pleasure travel now. This would need to be modified in your policy. You can speak to an Autopac specialist at your nearest CAA Store!

More Autopac questions? Visit us in store for Autopac services or call 204-262-6065.

Autopac Services

CAA Property Insurance logo.

Five reasons why having Condo or Tenant Insurance could save you a ton.

Think property insurance is just for people who own houses?

Think again.

If you rent an apartment, condo, house or even a room in a detached home, you should be looking at tenant insurance.  If you own a condo or a townhome, look for condo insurance.

Here’s why both are well worth their premiums.

  1. If Something in Your Unit Affects Your Neighbours, You Could Be Liable.
    Suppose your dishwasher overflows and floods the suite beneath you. If that water ruins their carpets, furniture or tech equipment, guess who’s likely liable? You. Without insurance, you’ll be paying for damages to their unit and to their belongings.

  2. You’ll Be Covered for Any Upgrades You’ve Made.
    Have you installed carpeting, hardwood floors or ceramic tiles? Built custom cabinetry or counter tops?  Once you’ve informed your insurer of these upgrades and made any necessary updates to your policy, if these were damaged somehow, their repair or replacement cost would be covered by your insurance.

  3. You’ll Be Protected If Someone Is Injured on Your Property.
    Yes, it can happen. What if a friend tripped over your carpet and fell, injuring himself so he couldn’t work? Without the proper insurance, you’d be liable. Plus, no matter how strong your friendship, legal action can come between the best relationships.

  4. Your Living Expenses Will Be Covered in the Event of a ‘Loss of Use.’
    Pipes can burst, fires can spread, flood water can rise. Should your place become unlivable, insurance may cover ‘loss of use’ costs like a hotel, food and other living expenses incurred while being displaced from your home.

  5. If You Experience a Flood, Optional Water Coverage Will Take Care of Your Losses.
    In heavy rainfall, sewers can back up and flood right into basement suites.  That’s what makes optional water coverage so smart – it ensures your belongings are protected.

Get protected.

Condo or tenant insurance is a small price to pay for peace of mind. It’s an even smaller price for CAA Members who can save up to 10% off property insurance.**
CAA Travel insurance logo.

Deductibles – What you need to know.^

Many travellers are not aware that they can opt-in for a deductible in exchange for savings on their travel insurance premium. Deductible options are available on many of CAA’s travel insurance plans and are open to all travellers. It’s your choice if you want to accept. The deductible is the amount that you must pay before any remaining eligible expenses are reimbursed under your policy.

Deductibles (which are available only in US dollars, except for the Visitors to Canada Plan deductibles which are in Canadian dollars) can be a good option for travellers who are looking to save on their insurance premium cost. If you are interested in a deductible, you should be comfortable with paying the amount of the deductible upfront and out of pocket. Deductibles apply per condition or event, so if you have multiple claims, you may need to pay the deductible multiple times if the claims occur as separate events. For example, damage to your luggage during transport and then later-on during your trip seeking medical treatment would be two separate events and require you to pay your deductible amount each time. Deductibles cannot be changed or added once your policy is in effect. Deductibles range from $300, $1,000 and $5,000 depending on the premium saving you want. Also, deductibles are not available on certain insurance plans.

If you have any questions about deductibles, please contact a CAA Travel Insurance expert today! And remember, CAA Members save 10% on travel insurance!*

CAA Members save 10% on CAA Travel Insurance.*