To indemnify someone means to “make someone whole.” The principle of indemnity is one of the fundamental principles of insurance because it is the part of an insurance contract that ensures the insured has the right to compensation and sets limits on how much they can get. The principle...
Risk retention is an individual or organization’s decision to take responsibility for a particular risk it faces, as opposed to transferring the risk over to an insurance company by purchasing insurance. That means the individual or organization has chosen to pay for any losses out of pocket...
An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have the potential to cause financial loss such as property damage or bodily injury if it were to occur.If the insured event takes place and a claim...
Understanding the basic terms of an insurance contract will help you make an informed choice when buying a policy.
By: Mark Cussen | CFP, CMFC
Uninsurable risk refers to those things insurance companies won't cover. Knowing what is uninsurable will help you plan for the future.
Make sure you prevent theft and break-ins in your apartment. Just because you don't own your space doesn't mean you can't take steps to secure it!
The difference between a Commercial General Liability (CGL) policy and a Business Owners Policy (BOP) is that, while the former only covers liability losses, the latter covers both liability and property losses.A CGL policy provides coverage for bodily injury, property damage, personal and...
The date of inception and the effective date of the policy are terms that generally refer to the same thing. They refer to the date at which coverage under the terms described on the insurance policy begins. It signals the start of the contract and, from then until the expiry date, both parties are...
Under normal circumstances, changing insurance companies will not affect your credit score.Insurance is a competitive market, one of the reasons people and businesses change insurance companies all the time, in search of better coverage, better prices, or better service.When getting an insurance...
Let’s face it: for many of us, insurance is getting expensive. Insurance rates have a bad habit of creeping upward every year, even when you don’t file...
By: Steven Porrello
When you are finally able to buy that dream home where you want to spend the rest of your life, you may have a spotless credit report and enough money to make a down...
By: Claire Boyte-White | Vice President
So, you’ve picked out your dream house, you were approved for your mortgage, and finally, you’ve made it to the last steps of buying a home. You’re so...
By: Kaitlyn Kokoska
In the insurance context, we look at risk to mean the chance of “financial loss”. This isn’t restricted solely to the loss of money—it could mean...
By: Jacques Wong
Congratulations on your pregnancy! We hope this time is one of the best times of your life, but understand it can also be kind of scary and full of anxiety-ridden...
By: Maurice Draine
Ah, love! Can you feel it in the air? Doesn’t it just make you feel like…it’s time to look at your insurance policy? Okay, maybe not.In the process of...
By: Kaitlyn Kokoska
Good business practices and safety guidelines are paramount for any organization. However, any company owner knows the business environment can be extremely...
By: Tiffanie Demasters | Commercial Insurance & Risk Mangement Advisor
Between pondering "How much life insurance do I need?" and researching all the types of life insurance (whole life, term life, universal...oh my!) finding the...
By: Jacques Wong
You’ve had your eye on a car for a while. Maybe it’s out of necessity or maybe it’s a daydream ride you’ve been obsessed with since you saw the...
By: Kaitlyn Kokoska
Insurance companies can be tough to deal with. Between putting you on hold when you have a claim to spamming your email (or phone) with promotions, you can easily get...
By: Steven Porrello
Buying insurance usually forms the backbone of anyone's financial plan, offering some reassurance of financial stability should the "worst" happen.Life...
By: Mark Cussen | CFP, CMFC
According to a report put out by the Insurance Information Institute, in the first half of 2020, catastrophe-related property and casualty insurance claims totalled $24...
By: Janice Tober
The rate of burglaries is dropping, but that doesn’t mean they don’t happen—and that doesn’t mean it won’t happen to you! According to the...
By: Kaitlyn Kokoska
You get your insurance package in the mail. The envelope is thick, full of policy wordings and fine print. But, as you rip open the top of the envelope, your eyes are...
By: Kaitlyn Kokoska
Almost every business needs some type of property insurance. Whether you own your building, lease a space, or work from home, there is a good chance you are using...
By: Tiffanie Demasters | Commercial Insurance & Risk Mangement Advisor
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By: Kaitlyn Kokoska
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Marc Jorge Estrella is an insurance professional with extensive interdisciplinary experience in the property and casualty insurance industry. His career in the industry spans the areas of information technology , complex claims management, policyholder advocacy and insurance company operations. He also has experience in developing and presenting educational materials in both classroom and online formats. Mr. Estrella received his Master of Science in Insurance Management from Boston University, and his Bachelor of Arts in Economics and Business Administration from Trinity University. He also holds both the Chartered Property Casualty Underwriter and Certified Insurance Data Manager professional designations. He is a resident of San Francisco, California.
Jodie Stauffer is an experienced Certified Financial Planner® and the owner of JL Stauffer Financial Consulting Ltd. Prior to opening her firm, she spent over 20 years working in various retail banking, finance, insurance and leadership roles. Her vast experience brings a unique insider's perspective to various financial, insurance and wealth topics.
Hervin is a Certified Financial Planner and a Registered Retirement Counsellor. In his previous roles, he taught the LLQP and eventually led into a business development role in an MGA, where he helped guide hundreds of advisors. He is also owned and operated a general insurance agency and lead the Financial Services program for a college in Calgary, teaching the CFP curriculum.He continues to serve Canadian families through his practice, all while running his youtube channel, where he teaches Canadians all the money lessons missing from school.