Community Post: Taber Spray Park

spray park

Saunders Insurance is proud to have been able to donate $2500 toward the Taber Spray Park Project.  We look forward to the good that this will do for our community. If you would like to learn more about the spray park project, you can visit their facebook page at: https://www.facebook.com/pages/Taber-Spray-Park/243612365668120?ref=br_tf 

And as always, if you would like more information about our brokerage, or have questions about your insurance, please contact our office, or visit us online at www.Saunders-insurance.com or visit our facebook page at https://www.facebook.com/pages/Saunders-Insurance-Ltd/126300497385724

Why choose an independent insurance broker?

insurance broker

 

These days, insurance is a very popular subject and at times, it seems everyone is talking about it. In fact, insurance is one of the most commonly searched words on Google and other internet search engines. The world of insurance can sometimes be a confusing place, and as such, more and more people are turning to the internet for answers. Doing your research is always a good thing, but unfortunately there are many on the internet who claim to be insurance “experts”.  With banks such as TD, RBC, or Scotiabank,  and direct insurance agents such as Co-operators, State Farm, and All state, all trying to sell you their insurance on the internet, it becomes difficult to know whom to choose?

So how do you know if you are getting the best price for your insurance?

And more importantly, how do you know you are getting the best coverage for your personal & financial needs? 

Luckily, there are independent insurance brokers.  Insurance brokers are licensed and trained insurance professionals, who specialize in finding the right coverage for the right price. A broker works for you, not an insurance company. They work on your behalf to first, understand your insurance needs, and second, to find the right insurance coverages to protect your needs.  This would include sitting down and going over your home, auto or business insurance needs, and then marketing your insurance to a number of different insurance companies to find the best coverage as well as the best price.

So how are brokers different from banks or direct insurance agents?

The essence of  an insurance broker is that they work for you and can market your insurance to multiple insurance companies,  whereas banks and direct insurance agents work for their own company alone, and can only provide access to a single insurance company with a single insurance product, with a single insurance price.  How much better is it then, for us as consumers to work with a licensed insurance broker who can give you the options and expertise to best suit your individual needs.

We at Saunders Insurance, are proud to be members of the Insurance Brokers Association of Alberta. We pride ourselves on doing our best to understand the needs of our clients and finding the right coverage for the right price.

If you have questions about your insurance policy, please contact our office at 403-223-4434, and we would be more than happy to help you out, or you can visit us online at www.saunders-insurance.com

If you would like more information on the Insurance Brokers Association of Alberta please visit www.ibaa.ca 

 

Why is Home Insurance so expensive?!

hail

The topic that seems to be on everyone’s mind right now is home insurance, and more specifically, their home insurance premiums. People all over the province have been receiving their insurance renewals and are often times finding that their premiums have jumped significantly from the previous year.  So, what’s going on?

Over the last several years, Canada has experienced the most severe catastrophic events in its history. According to the IBC ( Insurance Bureau of Canada), not only have the frequency of natural disasters increased, so has the severity of this events.

 

canadian-events-severity-weather

 

canadian-events-the-frequency

 

 

 

 

 

 

 

 

 

In Alberta alone, we have seen first hand, some pretty serious natural disasters:

2013:

Southern Alberta floods and heavy rains ($1.7 billion)

2012:

Edmonton heavy rains, thunderstorms and wind ($106 million)

Calgary area flooding, hail and windstorms ($552 million)

Southern Alberta wind and thunderstorms ($74 million)

2011:

Slave Lake fire ($750 million)

Southern Alberta Tornado ($200 million)

Calgary windstorm ($225 million)

Now you may be saying to yourself ” Well, my house didn’t get flooded or hailed on, but my premium still went up!”  This is actually a very common sentiment that we have heard over the past year or so in deal with home insurance.  However, we need to remember the whole purpose of insurance to begin with. Wikipedia defines insurance  as “the equitable transfer of the risk of a loss, from one entity to another in exchange for payment”  I like to think of it as: “Insurance is the transfer of financial risk of the few, to the financial strength of the many”  Because of the way the insurance system works, we all must pay into “the pot” and share the cost of these insurable claims.  While sometimes it may feel like we keep paying, and paying and paying but  never making a claim, statistically speaking, there will come a time when we too will need to call on that “financial strength of the many” and make an insurance claim.

I don’t think it takes a list of statistics for us to see that there has been a significant increase in weather related and other disasters across the country and especially here at home in Alberta. Many of us, have had first hand experience with either hail, wind or water damage in our own homes or personally know someone who has.  Obviously, because of the increase in natural disasters, insurance companies have had to respond to a huge increase in claims, and claims payouts.  In order for the insurance companies to stay profitable, and therefore sustain their business and continue to provide insurance coverages to us the consumer, they have had to make changes. These changes include increasing deductibles, changing coverage limits and of course, raising premiums. These changes can be a very confusing thing to the untrained eye, and should be discussed with an insurance broker.

Now, more than ever, it is very important to trust your financial security and insurance needs to an independent insurance broker. If you have questions or concerns about your home insurance policy, or if you are unsure about how it may have changed, please contact our office at (403) 223-4434 and ask to speak to a personal lines insurance broker, or visit our website at www.saunders-insurance.com

 

***Source of insurance statistics: Insurance Bureau of Canada, Intact Insurance: http://www.insuranceisevolving.com/en/weather-events-alberta.html***

Alberta Insurance Help

Hello All,

Welcome to our new blog!!

As you may or may not know, insurance is changing a lot in Alberta right now. Sometimes the changes are hard to understand. To be honest, insurance is hard to understand at the best of times!! Because of this, we want to use this blog as a way to help everyone gain a better understanding of what’s going on in the world of insurance in Alberta, and hopefully help you understand some of the changes you have been seeing.

We, at Saunders Insurance, are a team of licensed and certified Alberta Insurance Brokers, who take pride in doing what is right for our customers and for the people of our community and our province. Sometimes , that may mean that we don’t get your business, because lets face it, we are not perfect at everything , but we will always try our hardest to give the best advice,  provide the insurance products and coverage that are best for you, and at very least, steer you in the right direction.

So please follow along on this crazy journey that they call a blog! We will do our best to answer questions that you may have, and will focus on questions that we hear from our customers on a day-to-day basis. If you have any questions that you would like to see answered in this blog, please email them in and we  will do our best to get it up for you.

Thank you for your support and taking time to follow along. It is my sincere hope that we can share some information,help you understand the world of insurance a little better, and that we can all be benefited from it in the long run.

If you would like more info or would like to contact us please visit our website at www.saunders-insurance.com