Lareau Blog - Insurance brokers

Home insurance: are you well insured?

Cynthia Pommainville Auteur Lareau - Cynthia Pommainville

Whether you are a renter, a co-owner or an owner, getting home insurance is a must. When you are a renter, it’s up to you to establish the required amount to cover all your belongings. Don’t be tempted to think that you don’t own much and that all you need is the minimum amount of coverage. Today, I will be presenting the real numbers to you, those from a tenant’s insurance policy of renters who lost everything in a fire. On a cold winter evening, a family with two kids found themselves on the streets after an electrical fire erupted in the old apartment building where they lived. As luck would have it, they were insured! However, the bad news was that their insurance limit to cover their content was insufficient! Too often, when requesting a quote for tenant’s insurance, Lire la suite…

Registering your new “right-hand drive” vehicle: impossible in Quebec!

Clifford St-Rémy Auteur Lareau - Clifford St-Rémy

In my last blog, I explained why it’s so difficult to insure a “right-had drive” vehicle, commonly called RHD (Right Hand Drive). However, did you know that since 2009, registering new RHD vehicles is forbidden in Quebec? Don’t worry! New cars of this type can’t be imported but those that are already on the Quebec territory can continue to circulate, except under certain conditions. Following this interdiction, RHD vehicles that can already be found in Quebec and that have been well maintained have increased in value and have somewhat become collectibles. It is therefore strongly recommended that these cars be evaluated for its value, which will allow the client and the insurer to agree on the maximum price to be paid in the event of a loss. Here are the right-hand drive vehicles that are allowed to circulate in Quebec: Lire la suite…

Right-hand drive vehicles: are you having trouble finding an insurer?

Clifford St-Rémy Auteur Lareau - Clifford St-Rémy

Nissan Skyline, Toyota Supra, Mazda RX7… You’ve been shopping for this new ride for a few months already, you meticulously go over the classifieds searching for the real gem, you’ve already even found the space to store it this winter. You’re ready! So, you decide to call your insurer but, to your great surprise, he tells you that this type of vehicle can’t be insured. You ask yourself this question — but why? Why do most insurance companies not offer insurance for this type of vehicle? To understand the full picture, let’s start by explaining the basics. First of all, what is a Mazda RX7? A right-hand drive vehicle or RHD (Right Hand Drive) is a car that was imported from another country, most often from a country colonized by the British who, like approximately a quarter of the world’s Lire la suite…

Dairy farming, not just about milk you buy in store!

Chad McKell Auteur Lareau - Chad McKell

The side of dairy farming people may or may not know about. Milk production in Canada is a very important industry for our economy. However, it’s not just about milking cows and making cheese. Each time I speak about it people are amazed by how much more there is to dairy farming. There is actually a whole business side to dairy farming. Can anyone guess the value of the highest cow ever bought at an auction? After researching myself, the highest I found was 1.2 million dollars. Why would anyone ever pay 1.2 million dollars for a cow? I can tell you right now it is not just because she gives a lot of milk. I grew up on a dairy farm. Kellcrest Farms ltd., a small family farm just outside of Howick QC.  At the time, I never thought Lire la suite…

The list of most stolen cars

Vanessa Fortin Auteur Lareau - Vanessa Fortin

This summer’s gloomy weather has indeed ruined the vacation of many Quebecers. In fact, the American tourism industry has seen a noticeable increase in the number of Quebecers who have chosen Maine and New Jersey as vacation destinations this summer, and this is despite the low Canadian dollar, the election of Donald Trump and the festivities surrounding the 375th anniversary of Montreal and the 150th anniversary of Canada. Are you part of those vacationers who will be leaving towards American soil? If so, you would be interested in the National Insurance Crime Bureau (NICB) that has just been released. As every year, the NICB compiles a list of the top 10 most stolen cars in the United States. For the record, this list does not change much from one year to the next and the same most stolen cars reappear. Lire la suite…

Phone scams: don’t fall for them!

Vanessa Fortin Auteur Lareau - Vanessa Fortin

Have you been getting phone calls lately from unknown numbers or unusual places? There’s a new, quickly spreading phone scam that’s been very costly for victims. The scam is known as Wangiri, which is Japanese for “ring tone.” If you’ve had a call from 678-559-4636 in Vanuatu, you’ve probably been targeted by scammers. They call and let the phone ring once or twice and hang up. If you’re at all curious about whose call you missed, you may be tempted to dial the number. If you do, you are charged huge rates for every minute you spend on the call. Naturally, the scammer tries by all means to keep you on the line for as long as possible. What to do about this phone scam Above all, don’t call back! If you’ve already done so, immediately contact your telephone service Lire la suite…

Protect your business from cyberattacks!

Marie-Pier Roberge Auteur Lareau - Marie-Pier Roberge

  Recently, malware of a type known as “ransomware” has been spreading quickly. As you may know, two examples of ransomware, “Petya” and “WannaCry,” have caused serious problems all over the world! What is ransomware? This type of malware primarily targets businesses. It gets into computers and blocks access to the victims’ data by encrypting them. Hackers then request payment to decrypt the files and allow the victims to access their computer system once again. However, even if the ransom is paid, there is no guarantee that the victims’ access to all of their computer files will be restored. A few tips to prevent worst-case scenarios! We know that you dedicate enormous time and effort to building your business. We also know that the data on your computer system, including customer, supplier, product, and financial information, are critical to your Lire la suite…

Motorcycle Insurance: The Café Racer

Nicholas Brisson Auteur Lareau - Nicholas Brisson

Whether in fashion, interior design, or architecture, there has been a recent comeback of the vintage look, and now even motorcyclists­ are following the trend. Indeed, you can see more and more café racers on the road. Café racers got their name from the 1950s–1960s British rock scene, where young people were on the lookout for a fast motorcycle that would stand out when travelling between different cafés in England. Generally speaking, this type of motorcycle overlooks comfort in the name of manoeuvrability and handling. The main features distinguishing this motorcycle from others is seen in its lack of fairing, its single-seat saddle, its low-mounted handlebars, and its minimalist paint job. New and used models are equally popular, such as the famous Triumph Bonneville or the Thruxton, which have always maintained their original look. Other models are also commonly converted Lire la suite…

Statutory conditions

Marc Hupé Auteur Lareau - Marc Hupé

After a large claim that is covered, a fire for example, it is not uncommon for the insured to be faced with the issue of rebuilding his home according to the new building standards required by the Régie du bâtiment or the municipality. These new standards are also called statutory conditions, zoning by-laws, or by-laws. So, if a loss were to occur and you had to rebuild a section of your building, who will pay for the part that isn’t damaged if the city requires it to be demolished because the building no longer respects the mandatory distances? Who will pay to tear down this part? And finally, who will pay for the difference between the initial estimated costs and the costs under the new standards? You’ve guessed correctly… it’s the client! In terms of insurance In order to benefit Lire la suite…

I’ve never had to file a claim, therefore I will never have to.

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

My Cegep philosophy classes are long behind me. Most of what I had learned back then is a complete blur. Thankfully, I remember bits and pieces of it once in a while. We had studied sophisms, a concept that is pretty vague when you’re 17 years old. But with time, the concept became clearer. To refresh your memory, sophisms are false arguments, a confusing or slightly incorrect argument used for deceiving someone. We’ve all had this kind of reasoning, including myself. However, that type of thought process should be avoided. Today, I will be doing a risky exercise to tie philosophy and insurance together. “Because it has always been this way, it will always remain this way” is a sophism. A sophism takes into account the past by affirming that something that had always yielded a positive result in the past will Lire la suite…

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7