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Beneficial Insurance Solutions is a Leading insurance broker In Canada, that provides the guidance about how to find Canadian Home Insurance Companies and Car Insurance Brokers.\nFor more information Please Visit Here:\n

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Presentation Transcript
home insurance is a necessity for everyone

Home insurance is a necessity for everyone, regardless of your income.

Canadian law requires that everyone purchase a Homeowner’s insurance,

even if the cover is only basic.

So where do you start looking for the right Insurance Company?

Here are a few tips:

Word of Mouth

Direct to company

Insurer Ratings

Check the lesser known

Making the choice

1 word of mouth you may have already heard

1. Word of Mouth: You may have already heard of a few from

friends and family members of good Insurers they’re engaged

with. Often this is one of the easiest and quickest ways to get

inside information about an insurance company.

Find out if your friend or relative has made any claims, what

they thought of the company’s claims service, what rates and

discounts they can offer, and whether there are referral

discounts to be gained.

2 direct to company there is always an advantage

2. Direct to company: There is always an advantage if you

purchase your insurance directly from an Insurance company

rather than through an insurance agent. Since the agent takes

a commission from your premiums to get you a good

insurance package, you pay more for relatively the same

package. Eliminating the middleman, will help you lower your


3 insurer ratings all insurance providers carry

3. Insurer Ratings: all insurance providers carry a rating from Insurance

regulators in each state. Any complaints about service are also tracked and

displayed online at the state regulator’s website or the National Association of

Insurance Commissioners’ searchable database. You can also find out a lot

by talking to your local insurance regulation service. In some cases, example,

when you live in a hurricane zone or another high risk area, there will be only

one state sponsored insurer. Nonetheless, check again in a year or two, and

you’re sure to find one or more Home Insurers lined up.

The Financial stability or health of the Insurance company is also of great

importance. You can find this information from Standard & Poor’s, Moody’s

Investor Service or the Weiss Rating. Each gives different rating for the

insurance company. However, financial stability alone does not indicate great

service, so look at service offerings and the benefits you gain with each

company before purchasing.

4 check the lesser known some insurance companies

4. Check the lesser known: Some insurance companies never

spend on advertising. This implies that they use other means

to reach customers such as phone, email or social media. So

check your email and pay attention to the next telemarketing

phone call you receive. Such companies pass their savings

on to you by not including the cost of advertising in your

insurance premiums.

On the other hand you can go ahead and find these lesser

known companies by searching online at free websites such

as or your local state insurance regulator for good

insurance companies in your area.

5 making the choice ultimately ensure that

5. Making the choice: Ultimately, ensure that you

choose an Insurer that offers great value and great

service. One that cannot offer you both is not a great

choice. But if you have to choose between value and

service quality, opt for service quality, since you wouldn’t

want to be left out in the cold when you do need a claim

to come through. Hence, check the Insurer’s claims turn-

around time.

beneficial insurance solutions

Beneficial Insurance Solutions

3475 – 26 Avenue NE, Calgary, AB, T1Y 6L4

Phone No: (403) 250-3121