Are You Fully Covered?

This is a question that we don’t typically ask ourselves. We are usually sure if we do or don’t have insurance. Unfortunately though, many discover just the opposite. Being in a situation where you require insurance yet do not is very stressful. Not only can the situation take longer to deal with, it can also cost you much more. Knowing what type of coverage you have and with whom will eliminate the possibility of this occurring. 

Types of Coverage

Before examining who you can get coverage with, it is essential to know what types of insurance coverages there are. Everyone has different needs for themselves and their families, so having the right insurance is vital. There are various types of insurance, all of which can be very crucial if you require them. Some of the most common coverages in Canada include the following:

-Dental Insurance

-Health Insurance

Travel Insurance

-Auto Insurance

-Life Insurance

You must sit down and consider what coverages you realistically require. For many, all of these coverages would be convenient to have. Yet start by making a list of what you need the from most to least important. This will give you an idea of what you realistically need in your day to day life.

Work Coverage

Depending on your career, you may have coverage through your work. If this is the case, then your insurance is most likely the last thing on your mind. Yet it is essential to make sure that you read the terms, such as how long you are covered for. Some people make the mistake of not knowing this important detail, and they, unfortunately, discover it when it is too late. Having a quick conversion with your employer about your coverage can put your mind to ease. For those who have recently switched jobs, forgetting to check with your new company about your coverage can be a common occurrence. If you happen to be changing your job shortly, make sure to have a meeting with your new employer to confirm.

Insurance Company

If you do not have insurance coverage with your work, you will need to find an insurance company. Numerous insurance firms can be found in the Durham Region, so you do not have to worry about finding someone. Yet the trick will be finding someone who provides precisely what you require. Although some companies may have what you need, it may be too expensive. Take the time to meet with different insurance representatives to discuss what they offer and their prices. Although it can be a tiring process, finding what works best for you will be worth it, especially when a time comes when you need it.

Getting Additional Coverage

Having coverage at work can be very useful and convenient. Yet if there are some things that you require to be covered that are not, then it might be vital for you to find a company who can offer you the coverage that you need. Take the time to view different insurance websites to see what firms will provide it and at what cost. We offer a wide variety of insurance coverage, which is fully listed on our website’s Products page. 

After reading through these points, are you sure you are well covered? Speak with your employer and verify if you do have coverage. If the coverage is inadequate for you or your company does not offer it, ensure that you find someone who can provide you with insurance that works best for you. If you have any questions or concerns about our types of insurance, please reach out to us, and we will be happy to help!

Sources

-maRS Startup Toolkit (2021). Employee Benefits and Benefits Packages: What Ontario Employers Should Know. Retrieved from

https://learn.marsdd.com/article/employee-benefits-and-benefits-packages-what-ontario-employers-should-know/