InsureBC's Expert Corner

Did you know that the average cost of condo insurance is on the rise? In fact, according to Canadian underwriter, the average cost of insurance for a condo owner has increased by as much as 22% in just the past year. This can be a significant expense, especially if you are not prepared for it. That’s why it’s important to do your research and shop around for the best rates before purchasing insurance for your condo.‍Here are a few things you should know about the average cost of condo insurance and how it is determined.

Despite the high risk in British Columbia, the province has ruled that the government will not offer aid for damages caused by earthquakes. In a public statement, BC explained that there is a high availability of private earthquake insurance—for people to purchase with their standard residential insurance policy. In response, the government has stated that it doesn’t need to provide financial aid in the event of an earthquake.

If you own a condo in Vancouver and are looking for the best condo insurance quote, this article is for you. We’re going to cover everything you need to know about condo insurance.

When purchasing a condo with a homeowners association, it can be difficult to determine who is liable for what. Read on as we answer the question “What is condo insurance?” and let us tell you how to get the best deal.

Learn how to navigate Small Business Liability Insurance in British Columbia with our expert guide. Avoid common pitfalls, understand policy nuances, and ensure your business is adequately protected against liability risks. Essential reading for savvy business owners!

Professional Liability Insurance is a type of insurance coverage designed to serve as a safety net for businesses and individuals against the risk of being legally held accountable for situations like negligence, accidents, injuries, or malpractice. For professionals providing advice or services—such as lawyers, accountants, consultants, and architects—this coverage is especially crucial. In essence, it's protection against potential claims arising from their professional advice or services.

Learn why small business general liability insurance is so important, including what it covers and how to find the right coverage for your business

Gain a comprehensive understanding of the different types of permanent life insurance available, such as whole life, universal life, indexed universal life, variable universal life, and survivorship life insurance. Explore their features, benefits, and suitability for lifelong coverage. Make an informed decision to secure your financial future.

Discover the benefits and coverage of critical illness insurance in Canada. Find out how this policy offers financial assistance for medical expenses and lost income during challenging times. Learn how to determine the right amount of coverage and explore cost-saving tips. Secure your financial future with critical illness insurance today.

Discover how to calculate the right amount of coverage for critical illness insurance based on your unique circumstances. Explore the distinctions between critical illness insurance and other insurance types. Understand the factors influencing the cost and the target audience. Make informed decisions about your critical illness insurance needs with our comprehensive guide.

Discover how health insurance operates in Canada, with an in-depth guide covering its significance, types, coverage options, and benefits. Navigate the complexities of the Canadian healthcare system and make informed decisions about your health insurance needs.