Many of us switch to winter tires for improved handling in the snow and ice, but over time they wear down and the rubber becomes stiffer so they lose their advantage over regular tires. Following our article last month on the costs and benefits of winter tires (https://sukhuinsurance.ca/resource-centre/winter-tires-and-your-auto-insurance/), this month we’ll discuss some indicators on whether our winter tires are…
As we head into winter in Ontario, people are making the switch over to their winter tires for improved handling in the snow and ice. However not everyone uses them, as some people make due with all-season or all-weather tires. Following our recent article on how claims and tickets affect your insurance rates (https://sukhuinsurance.ca/resource-centre/how-claims-and-tickets-affect-your-auto-insurance), today we explore one of the…
Depreciation is an accounting concept, and represents the reduction in value over an object’s lifespan. In other words, the older it is the less it’s worth, and depreciation is the name of the loss in value. For new cars, you have probably heard the old saying that they are worth a lot less as soon as you drive it off…
Every insurer has its own nuances to how it treats various factors when determining what rate to charge you, meaning one factor may be very important to one carrier and less important to another carrier. However two factors that are always important for every carrier are your at-fault claims and your convicted tickets. Why these factors are important Insurance Policies…
Leaks in any seals around the house may be more noticeable during the winter because you can feel a cold draft, but people usually don’t want to open those windows and doors to do repairs when the temperatures are below 0. During the summer any leaks in the seals around the house can also affect the efficiency of the air…
Flooding has become an increasing problem in Ontario, with rainwaters exceeding the capacity of the city sewage system and causing several incidents of flooding in the last few years. It’s easy to understand how that would affect a homeowner, as those waters could enter your basement and foundation and cause many problems. However in a condominium you might wonder how…
The roof of the house probably undergoes the most stress from seasonal changes in Canada, as it has to face the beating sun in the summers as well as the ice and snow in the winters, while also maintaining the flexibility to allow for expansion and contraction through the seasons. Over time these stresses cause damage to the shingles so…
Many people don’t think about water damage until it has happened in their home, and usually by that time the damage has cascaded into a big problem. That is one of the hidden dangers of water leakages, as it doesn’t always happen as dramatically as it does in the movies with the whole floor flooded by inches of water. It…
Winters can be harsh on your home’s exterior, so it’s a good idea to inspect for damage after the snow has melted and you can see things clearly. It’s warming up here in Ontario, so it’s a good time now to go through some springtime maintenance so you don’t have to worry about it later during the summertime heatwaves. Exterior…
When you’re looking for insurance you may hear the terms Broker and Agent, and think they do the same thing. In a general sense, they can both help you find coverage for the person or object you want to protect, and both act as intermediaries between you and the insurance companies providing the policies. However there are some important distinctions…