In its basic definition, insurance is intended to cover catastrophic, financial loss. To be worth insuring a loss should be both catastrophic and financial.
Category: Insurance
More than funding, you need analysis and planning
All too often, we put a huge emphasis on “saving”. This is particularly true in the PF blogosphere.
Handling a no-fault car accident in BC
A couple of months ago, I settled with ICBC regarding a car accident I was involved in back in October 2017, and for which I was not responsible.
Handling an at-fault car accident in BC
British-Columbia is one of 3 provinces in Canada that has an at-fault system when it comes to car accident.
Stress-testing your finances
The Office of the Superintendent of Financial Institutions (OSFI) implemented a new mortgage rule that will come into effect on January 1st 2018.
Annuities basics
Upon retirement, many people decide to convert their savings into an annuity. But what is an annuity?
Term insurance vs. permanent insurance
Life insurance is probably one of the most confusing and complex financial product out there.
Travel insurance explained
Many Canadians believe their healthcare system is universal, but it is actually not exactly true.
Auto insurance basics in BC
In Canada, auto insurance is mandatory. Each province and territory has its own requirements
Pros and cons of group benefits
Group benefits are various insurances an employee can get from their employer, such as extended health or life insurance. In … More
The Money Savvy Blog 