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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Harshil Dhanky
PiggyBank is reader-supported. We may be compensated if you use, sign-up or apply for services through our links. See our Advertising Disclosure. Subscribe to our daily newsletter to get the latest news, expert advice and exclusive offers! Third-party liability, also known as legal liability or auto liability, is one of several core coverages available in auto policies. Each of these coverages is designed to protect you from financial losses in particular circumstances.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Vishesh Raisinghani
What Is Whole Life Insurance? Whole life insurance is a type of permanent life insurance. By permanent, we mean a single policy that lasts throughout the policyholder’s lifetime without the need for renewals. A whole life insurance policy includes additional guarantees beyond the death payment normally paid through other life insurance policies. One guarantee is that the policy builds cash value.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Vishesh Raisinghani
Condo insurance is meant to protect the condo owner from damage or loss to their unit and belongings. Each policy differs, but perils typically include threats such as fire and theft. Policies also include liability coverage if someone injures themselves on your property. They may also include coverage if a loss or damage in your condo causes damage to other units or items within the building.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Vishesh Raisinghani
PiggyBank is reader-supported. We may be compensated if you use, sign-up or apply for services through our links. See our Advertising Disclosure. Subscribe to our daily newsletter to get the latest news, expert advice and exclusive offers! Unfortunately, many renters think they don’t need to buy insurance because they’re protected under their landlord’s policy. This is not the case. Your landlord’s policy only applies to the structure and won’t protect you or your belongings.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Harshil Dhanky
Dental insurance is a form of private insurance that focuses on preventative and restorative care. Generally, this includes treatments that benefit your oral well-being and your long-term dental health. Policies cater to anyone who does not have group dental coverage through their work as well as anyone who is self-employed, freelancing, doing contract work, or retired. What Does Common Dental Insurance Cover? Dental policies vary greatly between insurers.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Matthew Jaekel
Plenty of confusion surrounds the term “no-fault” when it comes to auto insurance policies. Does it mean you’re never responsible for an accident or something else? Here’s what no-fault insurance is, how it differs from the tort system, and how it could affect you. What is No-Fault Insurance? Once, Canada’s auto insurance industry relied on a tort system. The tort system involved determining responsibility for an accident so one party could be held liable for all damages and injuries.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Harshil Dhanky
What Is Fire Insurance? Fire insurance provides financial compensation if you experience a partial or total loss due to accidental fire. Most homeowner, condo, and renter policies include fire insurance as a standard part of your policy. Common perils covered include lightning, cooking fires, electrical fires caused by faulty wiring or appliances, gas leaks, smoke damage, and more.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Harshil Dhanky
What is Bicycle Insurance? Bicycle insurance is meant to protect your bicycle against various dangers. These may include theft, vandalism, damages, and other threats. However, bicycle values can vary greatly and so can usage. Some ride occasionally, others use their bicycle as their primary means of transportation, and some love the thrill of competition. While bicycle insurance isn’t a legal requirement, it is a good idea in some cases.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Matthew Jaekel
PiggyBank is reader-supported. We may be compensated if you use, sign-up or apply for services through our links. See our Advertising Disclosure. Subscribe to our daily newsletter to get the latest news, expert advice and exclusive offers! What is Term Life Insurance? Term life insurance is a life insurance product that offers a guaranteed death benefit, providing the insured dies within the policy term and they paid their premiums.
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Dec 1, 2024 | 
piggybank.ca | Charlene Royston |Harshil Dhanky
PiggyBank is reader-supported. We may be compensated if you use, sign-up or apply for services through our links. See our Advertising Disclosure. Subscribe to our daily newsletter to get the latest news, expert advice and exclusive offers! What Is No Medical Life Insurance? No medical life insurance is an insurance type that doesn’t require a medical examination to qualify for coverage. This may appeal to healthy people who don’t want to waste time visiting a doctor.
