Tag Archive for: Insurance

When financial consumers and credit union members want to discuss financial literacy, they’re really looking for financial wellness.

While you might get questions about contribution limits for RRSPs and TFSAs, the answers you offer need to include information about emergency funds and insurance.

So, while members can benefit from understanding key concepts and terms about their personal finance, their lives will be improved when they put a plan in place that gives them the financial security they need and desire.

In Canada about half of all renters have tenant insurance. So, there is a 50/50 chance that you don’t have any coverage. If you don’t have it, get it. Having it is not expensive. Not having any when you need it, is!!!

Some people seem to think their landlord’s insurance will cover them, if when something bad happens. Your landlord will have their own insurance to cover structural damage but that doesn’t cover your things. And content insurance (coverage for your things) is only one part of a tenant insurance policy.