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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.
Wed, 5th August, 2015 - Posted by Comments Off on Intact Insurance Co. “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.
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:
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.
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:
You are also protected from severe weather events such as:
In addition, as an Intact Insurance customer, many homeowner policies include coverage for:
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.
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
Fri, 15th May, 2015 - Posted by Comments Off on Happy Victoria Day Weekend|
Please be advised our Office will be closed Monday May 18th in Celebration of Victoria Day.
Be Safe Have Fun,
Your Expo Insurance Team.
Tue, 12th May, 2015 - Posted by Comments Off on 3 Steps for Disaster Preparedness by Travelers Ins|
Whether it is preparing for a natural disaster like Superstorm Sandy or avoiding common causes of everyday disasters like water damage, fires and carbon monoxide poisoning, there are resources for home and business owners that can help protect lives and property.
3 steps for disaster preparedness
1. Create a survival kit In creating a survival kit, think about what you would need if you were stranded away from home for three to seven days. Prepare your kit well in advance so that if you have to evacuate quickly, you are able to take your essentials with you. o Canned food and other nonperishable food, along with a non-electric can opener o Enough water for a gallon of water per person, per day o Toiletries and personal items o Flashlights and plenty of batteries o A portable radio and/or television o Prescription medications o Extra clothing and blankets o A first-aid kit o Emergency cash and credit cards o A copy of your homeowners insurance policy o A copy of an inventory of your home’s contents o Other personal documents
2. Have a plan Well before a disaster strikes, you should be thinking about your evacuation plan. An evacuation plan that is spelled out and distributed to everyone in the family well in advance is a good strategy for success in case of disaster. o Designate a place for all family members to meet. Make sure the meeting place is outside the impacted area. Meeting place: o Map out an evacuation route. While there may be one welltraveled route to your meeting place, make sure you have alternate routes mapped out in case your main route is blocked. o Keep your fuel tank filled in your car. Determine how much fuel you will need to reach your meeting place. o Identify a contact person outside the affected area. Give their contact information to everyone in the family so they can serve as a point of contact should you get separated. Contact person: Phone number:
3. Build an inventory In the event of severe damage to your home or business, having a current inventory of your possessions – including make and model numbers – can help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance. • Take pictures. Take pictures of rooms and important individual items. Label pictures with a description, including where you bought it and the make, model and serial number. • Create an electronic file. Use your computer to make your inventory list. Personal finance software packages often include a homeowner’s room-by-room inventory program. • Store the list, photos and tapes. Regardless of how you create it (written list, flash drive, photos, video or audio), keep your inventory, along with receipts, in your safe deposit box or at a friend’s or colleague’s home. • Consider expensive items. Valuable items like jewelry, art and collectibles may have increased in value since you received them. Check with your agent to make sure that you have adequate insurance for these items. They may need to be insured separately.
Mon, 13th April, 2015 - Posted by Comments Off on Just because a used car is MOT-approved doesn’t mean it’s going to be problem-free by Brian Turner.|
Almost every used vehicle sold in this country (either privately or through a licensed retailer) comes with a provincial/territorial safety standards certificate. And an equally large majority of consumers believe this document is a guarantee of the “roadworthiness” of the auto it’s issued to. Nothing could be further from the truth and relying on these standards to value the purchase of a pre-owned vehicle can be a costly mistake.
It’s no wonder we put too much stock into the value of a Ministry/Dept of Transportation (MOT) safety standards certificate. Sellers promote and advertise them as a solid-gold seal of approval and lead their customers to believe that these certificates and the inspections that create them will mean trouble-free motoring for years to come. A closer look at these standards and their specifications and the number of grey areas in their regulations can bring a new light on shopping successfully for a used vehicle.
Read more: How often should you change your car’s oil?
Drive-trains need not apply. Almost every component of a vehicle’s power-train (engine, transmission, axles, and differentials) is exempt from MOT safety inspections. That’s right, a car doesn’t even have to run to earn a MOT certificate (I suppose a vehicle that can’t move is one of the safest on the roads). If you’re considering an older used vehicle (more than five years/120,000 km) that isn’t covered by a factory or good comprehensive warranty, having a power-train inspection is a must. A bare minimum check should include a visual check over for fluid leaks and worn parts, a road-test by a qualified tech for an operations’ verification, and a computer scan to check for any active or stored trouble codes. A better option involves having spark plugs removed for inspection, fluids checked for condition, and having a compression test performed.
A diagnostic technician uses a laptop computer to diagnose and repair the brake system on a 2010 Toyota Prius in the repair shop of a Toyota dealership.
Steven Senne, AP Photo
Get steered straight. While most individual steering components on a car are required to be in good working order without excessive play/looseness in order to earn a MOT certificate, the overall accuracy of the steering geometry or wheel alignment does not have to be to factory specs. This can mean accelerated tire wear, a constant pull to one side when driving (a very tiresome affair) and additional stress on the entire steering and suspension systems. A vehicle doesn’t have to have been in a collision or abused to have a misaligned steering system. The natural aging process of the components can cause the settings to be lost. The cost of a wheel alignment inspection and adjustment is minimal compared to the price of ignoring this critical service. If you’re buying from a full service retailer, and the vehicle repair/maintenance history doesn’t reveal a recent wheel alignment, insist on one as a condition of the sale.
Don’t go broke with brakes. Because provincial/territorial standards in this area are so minimal, it’s often the biggest sore point with used-car deals. Brake linings can be worn to the point of 1/16” remaining in most jurisdictions and still earn a MOT certificate. That level of wear will barely get you a month’s worth of driving on average before new linings are needed. Most good retailers will demand that their service departments replace brake linings that are 50% worn. But to be certain you don’t get stuck with worn brakes, ask for the mechanic’s inspection report and if it doesn’t list the percentage of brake lining remaining and the vehicle has more than 25,000 km, you should request new linings.
Many cash strapped drivers are putting off repairs and refusing when service reps present maintenance and reconditioning estimates. But what can you really put off without risking higher expenses down the road or breaking down on a crowded morning commute to work?
Don’t get soft on suspension. It’s surprising, but one of the most crucial components of any vehicle’s suspension system, the shock absorber or strut, is not required to be in good working order to meet provincial safety standards. They simply have to be attached at both ends. If the hydraulic charge that supports them and controls suspension rebound is depleted the ride and handling will be severely compromised, but vehicles in this condition will still meet most provincial standards. The good news is that struts/shock design and manufacturing processes have come a long way and for the most part these units will deliver years of safe support. Testing them is easy. Simply push down on all 4 corners of a vehicle (1 corner at a time) and count the number of suspension bounces after releasing your weight. Any more than 2 and you’ve probably been compressing a weak shock/strut. If you’re a lightweight (your past New Year’s resolutions paid off) you may need the help of a companion.
Grey areas can hurt your grey matter. Consumers would be shocked at the lack of detail that most provincial technician and shop guides provide when it comes to verifying the safety systems on a modern vehicle. Airbag systems get little or no mention as do electronic stability controls, and newer collision mitigation systems. Often only the line “must work as intended” is there to guide the technician during his or her check over. If any instrument panel warning light is on, make sure you either know what the cost of repairing it is, or include its resolution in your purchase agreement. If you’re purchasing from a licensed and reputable dealer/retailer, you may have recourse other than the court system to rectify any serious problems.
Safety is more than sheet metal deep. Body defects will usually only fail a vehicle if there are severe problems such as rust holes that could allow exhaust gases to enter the passenger cabin, or missing mirrors, or inoperative door latches. But rust slowly takes its toll on our rides and often sheet metal can appear intact while still being rusted thin to the point of compromising structural collision integrity. Ask to inspect the underside of the vehicle while it’s on a shop hoist, lift cargo mats and check spare tire wells for water or moisture. Check floor carpeting for dampness.
A second opinion can save money. An independent inspection can be a real source of lemon repellent and good dealers/retailers will accommodate such a request with little fuss.