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INSURANCE

 

There are many ways to keep your insurance premiums as low as possible. It starts with choosing the insurance coverage that best suits your needs and ensuring that you get all the discounts you are entitled to.

We've developed a list of tips that could be useful to anyone, whether you own or rent a house, condominium unit or apartment. Some of these tips may help you reduce your insurance premiums.

Others will help you save money in different ways. However, the one thing they all have in common is that they can help you protect yourself, your family and your most valuable belongings.

 

Insurance Tips (Brought to you by RBC Insurance)
- Photograph or videotape all your belongings and keep a record of their serial numbers and receipts where applicable. If you ever have to make a claim, your visual record of the missing or damaged items will make the process much easier.

- Whenever your circumstances change - for example, if you buy a new home or a valuable belonging - remember to review your coverage and update it if necessary.

- Try to remember to pay your insurance when it's due. If you do not, your insurance policy may be cancelled. If you find that it isn't convenient for you to pay by cheque, you may be able to arrange for a pre-authorized payment.

- Whether you're a tenant or an owner, it's advisable to have liability insurance. You may be responsible for any damage that you may cause to someone else's property. For example, if your bathtub overflows and floods the neighbouring apartment or condominium unit - or a burst pipe in your garden floods your neighbour's garage - you may be held liable.

 

For insurance needs in Australia go to Holdfast Insurance Brokers

 

 

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