Frequently Asked Questions

General Questions

Yes, our online insurance quotes are 100% accurate and precise. That’s because we get them directly from Canadian insurance providers. We don’t fudge the numbers or hide fine print; our website is like an open book for everyone!

Insurers may change quotes every 3-4 months or sooner. So if you find a quote that works for you, we suggest you grab the deal before it’s gone!

No, the service from InsuranceGenie doesn’t add any cost to you. The quotes we list are the ones that you’ll get if you contact the insurers on your own. All we give you are options, so that you can make a smart choice.

Car Insurance Questions

Yes. To legally drive a car in Canada, you need a car insurance policy. Most territories mandate basic liability coverage for all cars. You can opt for a policy that caters to your specific needs.

You can choose an All Perils policy that gives coverage for all perils including collisions, vandalism, and natural calamities, except the hazards expressly excluded in the plan.

our ideal coverage can depend on a variety of factors - your vehicle type, your frequency of driving, your past driving record, etc. You must consider all these factors while choosing the right policy.

It is a specific type of insurance that provides compensation to the insurer, irrespective of who is at fault. Your insurance provider pays out the benefits in this type of coverage, saving you the hassle of going to the at-fault driver’s provider to claim compensation.

Home Insurance Questions

There are home insurance policies available for - homeowners, condo owners, and tenants. Irrespective of the type of home you stay in, you can take advantage of the right insurance plan.

Insurers consider various factors to formulate premium rates - size of the property, location, type of residence, contents, past claims, age of the building, type of heating and electric wiring, etc.

Home insurance usually covers your building and detached garage or tool shed, along with the contents inside, such as gadgets, appliances, apparel, etc. You may also enjoy benefits like additional living expenses when you have to evacuate due to fire or other damage, and legal liability against someone who may be injured on your property.

Unless you specifically buy coverage for the following, you may not enjoy coverage for home maintenance, damage due to insects, intentional damage and the damages that could be easily avoided with basic care.

Condo Insurance Questions

Condo Insurance policies will cover the unit along with its interiors, furniture, personal belongings and immovable items like sinks and counters.

Extremely expensive collectibles and fine art are typically not covered under Condo Insurance. If you want to secure these too, you can opt for additional coverage in the policy plan.

Renter Insurance Questions

Renter Insurance policies may not cover costly collectibles or rare art. Jewelry may be covered up to a certain limit. If you wish to extend the limit, you may need to pay a higher premium.

If you have the liability component in your policy covering pets, then yes. In an event where a guest is bitten by your dog and sues you, the liability component can help cover damages on your behalf.

Motorcycle Insurance Questions

Yes. Driving an uninsured motorcycle is against the law. But that doesn't mean you have to spend a fortune on insurance. Compare quotes on InsuranceGenie and opt for an economical policy with the appropriate coverage.

Canadian insurance providers offer motorcycle insurances for M, M1, and M2 licenses. An M1 permit is ideal for a cruiser or standard motorcycle from the perspective of insurers, while an M2 is for slower scooters. Ask your insurer for the type of plan that will be ideal for your vehicle and permit type.

If you don't want to use your motorcycle in the winter and plan to take it out for rides only in the spring and summer, you still need to buy insurance for the whole year. Your premiums with be calculated with riding season in mind, but you'll also get coverage for the off-season.

To get cheap motorcycle insurance you need to compare quotes from several providers and pick the most reasonably priced plan. Your premiums also depend on your past driving record, any certifications that you have, and whether you have a security system or not.

Life Insurance Questions

Your coverage depends on several factors - age, number of dependants, smoking habits, current savings, existing liabilities, and present income. Based on all these determinants, you can work with your insurance provider to calculate the amount of coverage you need to secure your loved ones.

There are two main types of life insurance - Term life policies that cover you for a specified time frame, and Whole life policies that cover you for a lifetime. Term policies tend to be cheaper than whole life.

Yes, most insurers ask you to take a simple medical exam, typically to check your weight, blood pressure, blood samples, past illness history, etc. This helps them understand your risk profile and draft the policy premiums accordingly

Even if you don’t have kids’ education or upbringing to consider, you need to think about your loans, credit card bills, and mortgage. Moreover, funeral costs can also become a financial burden on your loved ones while they deal with the setback of losing you. A sound insurance plan takes care of such expenses at the time of unexpected loss of life.

Usually younger, healthier people can avail cheaper life insurance. So try to buy a suitable plan when you’re younger. Don’t smoke; smokers pay more for life protection. Also, compare plans at InsuranceGenie so that you can check out all your options from different insurers and pick the most economical and beneficial one.

Our Partners

Have Questions?

If you're not sure about how Insurance Genie works, want some advice or if you have any question for us, don’t hesitate to talk to our insurance experts directly.


Contact Us
© Copyright 2017 All Rights Reserved. Under contract from Billyard Insurance Group Vaughan. Insurance Genie is a Separate entity.