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Merry Christmas and Happy New Year Dec 2017.

Thu, 21st December, 2017 - Posted by - Comments Off on Merry Christmas and Happy New Year Dec 2017.

Each day we come to work at Expo Insurance Brokers and W.C.McLaughlin Ltd, guided by one thing and that is, that what we do and how we do it matters to our clients and their families. From delivering on our promise to be there for them when you our client experience a loss or are affected by a catastrophe, to reviewing coverages behind the scenes or talking with you about the very policies you purchase through our offices and how they work to protect you and your families. I understand and acknowledge through our conversations together that this continues to give you peace of mind.

 

Knowing we make a difference in people’s lives is a powerful reward — one which I hope you feel in dealing with us every day and not just during the holiday season. We will continue to focus our efforts on these principles in 2018 and beyond.

 

We value and appreciate YOU our clients and appreciate the principle of providing unbiased advice with superior customer service based your individual and family needs. It is because of this partnership that I have resounding confidence in our business and our future and in our positive relationships we have with you and I will continue to support and foster as our companies goals and objectives.

 

Thank you for your business and your friendship.

From me to you, and from my family to yours, I wish you a safe and happy holiday, and a healthy and successful New Year!

Warmest regards,

 

Thomas Taborowski

Principle Broker

Category : Uncategorized

10 tips for driving with your furry friend

Wed, 23rd August, 2017 - Posted by - Comments Off on 10 tips for driving with your furry friend

Pets on wheels: 10 tips for driving with your furry friend — Economical Insurance

10 tips for driving with your furry friend

Written by Stephanie Fereiro  |  Published on: August 22, 2017  |  Categories: Lifestyle, On the road.

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So, you’ve taken all the right steps to pet-proof your home — but what about your vehicle? Chances are you’ll need to take a car ride with your pet at some point or another, whether it’s for a visit to the vet down the street or a family road trip across the country. Here are 10 safety tips for driving with your pet:

  1. Learn your local laws before you hit the road. Some locations have laws that require all pets to be in carriers, for example, while others issue careless driving charges if you’re caught with a pet on your lap when you’re behind the wheel.
  2. Practice first. Driving with pets doesn’t always make for smooth sailing. The first time you take your pet out on the road, consider a short drive to a nearby park where he can get out of the car for a walk. It’s probably best to save the four-hour road trip for later, when he’s had a little practice taking shorter trips.
  3. Be prepared for motion sickness. Pets get motion sickness, too. Ask your vet about any remedies you can give your pet to prevent nausea while you’re on the road.
  4. Watch your windows. While he may love the feeling of the wind in his hair, letting Fido stick his head out the window while you’re driving can be dangerous. If you still want to keep a window open to let in the breeze, make sure your pup can’t fit his head through the opening.
  5. Never leave your pets alone in the car. It only takes a few minutes for your vehicle to reach an uncomfortable (and even dangerous) temperature when the air is turned off, especially on a particularly hot or cold day. If you know that your destination doesn’t allow pets, you should leave yours at home instead of bringing them along for the ride.
  6. Install a pet barrier. If you have a hatchback, van, or SUV, consider installing a barrier to keep your pet from making his way into the front seat. If you have stowaway seating, consider lowering it to give him more room to roam.
  7. Keep smaller pets contained. Smaller pets should have a designated place to stay in the back seat of your vehicle. While a comfy pet bed could do the trick, you may want to consider keeping your furry friend in an enclosed crate if he’s likely to move around and become a distraction while you’re driving.
  8. Pick up a pet-friendly harness or seatbelt. From full-body seatbelt harnesses to zip-line contraptions that allow your pet to move across the back seat while staying strapped in, there are many different types of pet seatbelts and harnesses that can help your pet stay put.
  9. Don’t keep your pup in the bed of your pick-up truck. Not only could he jump out while you’re moving, but the wind could hurt his eyes and ears. The safest place for your pet is inside the passenger cabin with you.
  10. Get your pet a health insurance policy. Pet health insurance is designed to cover things like unexpected veterinary bills, tests, medication, dental coverage, and even things like “lost pet” advertising. It’s another great way to keep your best friend safe and sound, at home and on the road.
Category : Auto Insurance / Community / Education / Uncategorized

The Lowdown on deductibles — Economical Insurance.

Fri, 7th April, 2017 - Posted by - Comments Off on The Lowdown on deductibles — Economical Insurance.

 

The lowdown on deductibles

Written by Stephanie Fereiro  |  Published on: February 7, 2017  |  Categories: Insurance, Car insurance, Home insurance

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Have you ever looked through your insurance policy and felt like you were reading another language? Understanding insurance terminology might seem intimidating, but we’re working on changing that. Let us break down “deductibles” for you.

What is a deductible?

In your insurance policy, the “deductible” is the amount that you agree to pay out of your own pocket before your insurer will step in and pay the remaining balance of a claim.

Picture this: A tree branch falls on the roof of your car, and the repair bill is $1,500. If your deductible is $300, you’ll pay $300 to the repair shop and your insurer will pay the remaining $1,200. If your car is totaled or not worth repairing, your insurer may pay you the actual cash value of your car instead — in this case, your deductible would be subtracted from the total payout.

You’ll usually have some say in the amount of your deductible, and the amount (as well as any rules or exceptions) will be clearly stated in your policy.

Do I have to pay a deductible every time I make a claim?

Not necessarily:

  • If your deductible is $0, you won’t have to pay for any portion of your approved repairs or settlement amount.
  • Some policies will waive your deductible when certain circumstances apply. When your total claim hits a certain dollar value, for example, you might not have to pay your deductible.
    • Picture this: After a fire, you make a home insurance claim of $50,000 for repairs. Your home insurance deductible is $1,000, but your policy states that this deductible doesn’t apply if a single claim adds up to more than $25,000. In this case, since the claim is more than $25,000, you don’t have to pay your deductible.
  • Some policies have different deductible amounts for different types of coverage, which means that you may or may not have to pay, depending on the coverage you use for that specific claim. And, if your insurer determines that your claim will be covered by more than one section of your policy, they’ll do the math and determine how much of your deductible you’ll need to pay.
    • Picture this: Your car insurance policy says that your deductible is $0 when an accident isn’t your fault and $500 when it is your fault. You get in a fender-bender on the way to work and your insurer determines the accident was the other driver’s fault, so they decide to fully cover the damage to your vehicle (up to your policy’s limit, of course) — so you pay $0. In this same situation, if your insurer determined that you and the other driver were equally responsible, you may only have to pay 50% of your deductible — in this case, you’d pay $250. But if your insurer determined the accident was entirely your fault, you’d be on the hook for $500.

Why do deductibles exist?

Now, you may be wondering why insurance companies build deductibles into their policies in the first place — and it’s a good question. Long story short, deductibles exist to keep insurance as affordable as possible.

Here are just a few ways deductibles work to save you money in the long run:

  1. Preventing fraudulent claims and reckless behaviour. If insurance policies didn’t have deductibles in place, some people could be tempted to damage their own things or act recklessly (two behaviours known as “moral hazards” in the insurance world) just because they know their insurer will protect them. This becomes less tempting when they know that part of the repair bill will come out of their own pocket. Over time, false claim payouts can lead to higher premiums for everyone who has insurance, and implementing deductibles is just one way of preventing them.
  2. Preventing minor claims. If an insurance company had to process a $50 claim every time someone found a tiny scratch on their car door, they would need to employ a lot more people — and that could drive up the cost of insurance, since the cost of processing these small claims would far outweigh the actual cost of the repairs. Deductibles help keep minor claims at bay.
  3. Keeping your money in your pocket. When you choose a deductible, you’re agreeing to either fully cover those smaller claims or cover a portion of your repair costs for larger claims. When your insurer doesn’t need to invest in processing those smaller claims or paying the full amount, they’re able to share those savings with you through lower premiums.

How do I know if I’ve chosen the right deductible?

The best way to figure out if your deductible is right for you is to ask yourself one simple question: Would you be comfortable paying the deductible amount out of your own pocket if you made a claim today? If you choose a lower deductible, you’ll be responsible for footing less of the bill if you make a claim — but the cost of your insurance could be a little higher. On the other hand, if you choose a higher deductible, the cost of your insurance will likely be lower — but don’t forget that you’ll be expected to pay the deductible if you make a claim.

Note: Rules and regulations can vary by province, and claims are handled according to the location where the accident occurs — not necessarily the rules in your home province. That means the amount you need to pay for your deductible could be different if you’re involved in an accident outside of your home province

Category : Uncategorized

Replacement Cost vs. actual cash Value.

Fri, 7th April, 2017 - Posted by - Comments Off on Replacement Cost vs. actual cash Value.

 

Replacement cost vs. actual cash value

Written by Stephanie Fereiro  |  Published on: February 16, 2017  |  Categories: Insurance, Car insurance, Home insurance

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“Replacement cost” and “actual cash value” are two of the most common calculations insurers use to determine the amount a customer will receive if they make a home or car insurance claim. In other words, you could either be reimbursed for the cost to replace the lost or damaged item or its actual cash value, depending on what it says in your policy. So, what’s the difference? And how do these calculations really apply when you make a claim? Let’s have a look.

Replacement cost

If your policy says it will cover the replacement cost of an item that is lost or damaged, the dollar amount you’ll be paid is equal to the cost you’d need to replace that item with a new, similar product of like kind and quality. Since insurance is designed to get you back to the same position you were in just before a loss, your insurer will do some research and determine how much it would cost to replace the item with a new one that is as comparable as possible — no more, no less.

Actual cash value

If your policy is set up to cover the actual cash value of an item that is lost or damaged, the dollar amount you’ll be paid is equal to how much the item is worth today. This considers the original price you paid for the item, but it also considers depreciation (the natural decrease in an item’s value over time, usually due to wear and tear) and the physical condition the item was in on the day of the loss. Most insurance companies will use standard guidelines (known as “depreciation tables” in the insurance world) to determine an item’s actual cash value — or they’ll contact a professional retailer or appraiser to determine what a similar used item would cost to buy.

The premium you pay when you have an actual cash value policy may be lower since the reimbursement you’d receive in the event of a claim is generally much less than you’d receive with a replacement cost policy.

How do replacement cost and actual cash value work in real life?

Keep in mind that these examples are intended to give you a basic understanding of how actual cash value and replacement cost work. If you have specific questions about your policy, please talk to your licensed insurance broker.

Picture this: A pipe in your basement springs a leak and damages the sewing machine you purchased 30 years ago for $500. After consulting a professional sewing machine technician, your insurer informs you that the machine is damaged beyond repair. So, how much will you be reimbursed?

With replacement cost:

You’ll be reimbursed for the value of a new sewing machine of a like kind and quality to the one that was destroyed in the flood. In this case, you may be able to purchase a new sewing machine for around $800.

With actual cash value:

You’ll be reimbursed for the value of a similar 30-year-old sewing machine in the same condition as the one that was destroyed in the flood. In this case, you might receive around $80.

Picture this: A rear-end collision on your way home from work lands your two-year-old SUV in the shop. After receiving an estimate for the repairs, your insurer decides your vehicle isn’t worth repairing. How much will you be reimbursed?

With replacement cost:
While most car insurance policies only allow for actual cash value, some insurers may allow you to add special coverage to your policy that takes depreciation out of the equation (similar to how replacement cost works in home insurance). If this is part of your coverage, a settlement from your insurer could help you replace your SUV with a new version of the same model (or a comparable one) or you could receive a cheque for the amount you originally paid for it.
With actual cash value:
You’ll be reimbursed for the amount your insurer determines you would need to buy a two-year-old SUV of a like kind and quality, in the same condition your own vehicle was in immediately before the accident occurred. In this case, you may receive around $48,000 to put towards a new vehicle (instead of the $70,000 you originally paid for it).
Category : Uncategorized

Victoria Day 23 May 2016

Thu, 19th May, 2016 - Posted by - Comments Off on Victoria Day 23 May 2016

Please be advised our Office will be closed on Monday May 23 2016 in Celebration of Victoria day Long weekend.

We wish you and your family a safe and enjoyable Holiday.

Expo Ins Brokers Inc

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Expo Holiday Hours

Mon, 7th December, 2015 - Posted by - Comments Off on Expo Holiday Hours

Please be advised our Holiday Hours of Operations are as follows:

Thursday Dec 24 2015 (Christmas Eve) 9:00 a.m. to Noon

Friday Dec 25 2015 (Christmas Day) CLOSED.

Monday Dec 28 2015 (Boxing Day) CLOSED.

Thursday Dec 31 2015 (New Years Eve) 8:00 a.m. to 3.p.m.

Friday Jan 01 2016 (New Years Day) CLOSED.

Our Very Best Wishes to your and Your Family for a Merry Christmas and Happy New Year.

Category : Uncategorized

Insurance Brokers Association on UberX.

Wed, 12th August, 2015 - Posted by - Comments Off on Insurance Brokers Association on UberX.

 

IBAO is working to raise awareness on the risks associated with ride sharing programs for both drivers and passengers. As an advocate for consumers and the conduit between the

insurance company and the policyholder, UberX drivers and UberX passengers in Ontario should understand the reality of their choices when it comes to ride sharing and auto insurance coverage in Ontario. There are a number of myths in the media that suggest that if an UberX driver or an UberX passenger are involved in a collision, their insurance coverage would be recognized. “The

simple fact is that UberX is a new concept that Ontarians are embracing quickly, both as drivers and as passengers. At this time, drivers and passengers should know that there is no

existing endorsement for a personal lines policy that is available today that would guarantee them coverage or protection in the event of a collision during an UberX experience. If the

driver is working under a standard/basic personal auto insurance policy and they have not informed their insurer or broker that they were using their vehicle for commercial

purposes, coverage would likely not be extended.” Said Michael Brattman, President, IBAO. “UberX drivers would be properly covered through the Facility Association under their taxi

commercial auto policy. This is what is available today for drivers.”

Auto insurance coverage is a complex product. When an injury occurs after a collision, it grows more complex. When you layer UberX on top of that (a grey zone between personal

insurance and commercial insurance), the complexity compounds even more. “Our position will always be to advocate for the protection Ontario consumers. We are

encouraging insurers and regulators to find coverage solutions that specifically protect ride sharing opportunists. We would like to work with Uber to understand more

about the coverage they say they provide to their drivers.” Said Michael Brattman, President, IBAO.

 

Category : Uncategorized

Intact Insurance Co. “The Value of Insurance”

Wed, 5th August, 2015 - Posted by - Comments Off on Intact Insurance Co. “The Value of Insurance”

THE VALUE OF INSURANCE

Over the last several years, Canada has experienced the most severe catastrophic events in its history. Forecasts are that insurance companies will again spend more than a billion dollars in 2013 to help restore Canadians impacted by weather-related events. This will be the fifth consecutive year this has occurred (following those in 2009, 2010, 2011 and 2012).

Without the support of insurance companies, many Canadians would be unable to get back to normal and resume the daily activities of their lives.

AVAILABLE AND AFFORDABLE

Compared to other expenditures, the average Canadian pays less for insurance on a monthly basis than they do for their cellphone and internet bill*.

In 2012, Canadians spent an average of $185 per month on communications services:
Wireless: $67
Internet: $31
Cable and other television services: $52
Wireline telephone: $35

The Canadian average monthly premium to protect your home and its contents is $51/month. The percentage of household income taken up by shelter and accommodation is just over 40% per year. To protect your biggest investment, home insurance represents less than 1% of an average Canadian family’s yearly expenditures.

Value of insurance

We are fortunate to live in a country where we can purchase comprehensive protection for one of our biggest investments at a very reasonable cost. For an annual cost that is less than a latte a day, you are protected for your:

  • Home
  • Contents
  • Loss of use (additional living expenses)
  • Liability insurance for accidents that may happen at your home

You are also protected from severe weather events such as:

  • Hailstorms
  • Fire
  • Wind
  • Lightning
  • Tornadoes

In addition, as an Intact Insurance customer, many homeowner policies include coverage for:

  • Personal Liability – minimum of $1 million
  • Contents for your children when they are away at school
  • Outdoor trees, shrubs, plants and lawns
  • Personal property when it is temporarily away from your premises
  • Moving your personal property to another home
  • Additional living expenses
  • Loss of food stored in a freezer
  • Debris removal
  • Fire department charges
  • Inflation protection
  • Lock repair and replacement
  • By-laws coverage
  • Watercraft
  • Buildings, outbuildings and contents
  • Guaranteed replacement cost
Category : Uncategorized

Happy Canada Day

Tue, 30th June, 2015 - Posted by - Comments Off on Happy Canada Day

Expo Insurance Brokers Inc will be closed on Wednesday July 01 2015 in celebration of Canada Day.

 

Our Very Best wishes to you and your family on Canada’s Birthday.

 

Thomas Taborowski

Category : Uncategorized

Annual Michael Tambureno Memorial Garage Sale in support A.L.S.

Tue, 19th May, 2015 - Posted by - Comments Off on Annual Michael Tambureno Memorial Garage Sale in support A.L.S.

 

Annual Michael Tambureno Memorial Garage Sale/BBQ in support of ALS.

Sat. June 13th & Sun. June 14th

Please join us, we’d love to see you at 58 Elder Ave., in Etobicoke, from 8 a.m. to 4 p.m. both days.  There will be great items to be raffled off again this year and a BBQ at the lunch hour (hot dogs and refreshments.  Please spread the word to your family and friends, it would be greatly appreciated.

Michelle Ford Event Organizer,was able to raise $3,000 last year with your support;  she’s hoping to at least match that this year.

Come on out and Help us support A.L.S. Chapter here in Ontario

Category : Uncategorized

Don’t be afraid to ask!

When it comes to insurance, there is no question too basic. If there is anything you don’t understand, don’t be afraid to ask us. We are here to help. Contact us today! »

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