Lareau Blog - Page 5 of 7 - Insurance brokers

6 GREAT REASONS TO HAVE UMBRELLA INSURANCE

Caroline Campeau-Schmidt Auteur Lareau - Caroline Campeau-Schmidt

Last week, I wrote about this little-known but very important type of insurance—umbrella insurance. Before reading this article, I suggest you read my previous blog Umbrella Insurance: Coverage to Help you Weather the Storm! in which I cover this insurance in detail. My clients often ask me: “What could possibly go so wrong? Why do I need so much coverage?” As promised, here are 6 great reasons to have umbrella insurance. 1.       Because you sometimes visit the United States The current exchange rate is $0.77 and travelling in the States is not just expensive, it’s also risky. Your $2M coverage is only worth $1.54M, and your $1M coverage is only worth $770K. Americans are known for their lawsuit culture. Lawyers run countless advertisements and are easily accessible. 2.       Because you sometimes travel elsewhere than the United States Medical fees are not covered outside Lire la suite…

Umbrella insurance: coverage to help you weather the storm!

Caroline Campeau-Schmidt Auteur Lareau - Caroline Campeau-Schmidt

When contacting their Lareau broker for an automobile or home insurance quote, people are mainly thinking about protecting their property against fire, theft, and water damage. We all know people who have woken up to water up to their knees or who came back from vacation to find their house had been broken into. Nearly every day, the media shows shocking images of burning houses—but what about civil liability insurance? By definition, civil liability insurance covers pecuniary damages that you may be held liable for as a result of damage to property and bodily injuries caused to a third party. The insurer compensates the third party up to your contract’s maximum coverage amount and legal representation fees are covered on top of the coverage limit. For the claim to be admissible, the third party must of course prove that there Lire la suite…

WE’RE GOING DOWN SOUTH, WITH NO INSURANCE

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

Whether winter is mild or cold, snowy, wet or dry, or grey or white, it is always too long. Although the days have been getting longer since December 21, the darkest day of the year, they aren’t doing so as quickly as we would like. If you’ve got a little spare cash, there’s a solution: escape winter in Quebec and go bask in the sun on our neighbours’ hot beaches. Here’s a list of things to pack: Light clothing Sandals Sunscreen Beach towel Passport Frisbee Of course, everything will go smoothly. You won’t have any health concerns, cut your hand on coral, get sick, have heat stroke, have a bad fall after a record number of cocktails, or be in a scooter accident. In short, you certainly won’t need travel insurance. Anyways, you’re pretty sure that you’re covered by your Lire la suite…

My guest got injured – When am I covered by my insurer?

Gabrielle Côté Auteur Lareau - Gabrielle Côté

Winter is upon us, and it seems well established! The cold weather makes us feel like cooking comforting meals, which usually means hosting get-togethers and sharing moments with family and friends. Therefore, it’s important for hosts to be aware of situations that could create awkward situations with your guests. Maintaining your premises With the arrival of the snow and cold, you must pay attention to the maintenance of your premises, otherwise you may have to face possible litigation, requiring you to activate your home insurance contract. Stairways, handrails, entrances, and ice accumulation Let’s say you didn’t shovel your porch after a substantial snowfall, and forgot to pour salt on your steps after the snow turned to ice. If a visitor or a delivery person were to have a nasty fall at your doorstep, get injured, require surgery, and be unable Lire la suite…

Miss Fresh: A breath of fresh air in the food industrie

Vanessa Fortin Auteur Lareau - Vanessa Fortin

Food has always reflected society. Here in Quebec, we haven’t always been – and are not – all shepherd’s pie and poutine. “We are what we eat.” If we take this logic further, we would first consider our Amerindian legacy: corn, sugar, potatoes, and lard (this is not too far from our famed shepherd’s pie combination of cooked meat, corn, and potatoes). However, our rich agricultural resources quickly enabled us to add poultry, pork, and beef to the menu, as well as several fresh vegetables – available in season only back then. The rest of the time, people got by with vegetables they had preserved earlier. The sixties then marked the arrival of several restaurant chains and of the fast food we all know. The contents of our plate also reflect our knowledge and expertise, and now, with the emergence Lire la suite…

I was robbed while on vacation, am I covered?

Gabrielle Côté Auteur Lareau - Gabrielle Côté

At last, you’ve been working hard lately, and winter has crept in with its usual greyness. You really need a vacation! You had even planned to celebrate spring break with your kids under the sun this year! Should a robbery occur while you are on vacation, how would your insurance contract help you? Are you covered? Property stolen while on vacation – You are covered, but there might be some limitations In all home insurance contracts, there is an amount of coverage for your personal property, i.e. anything under your roof, like furniture, clothing, sports equipment, jewellery, etc. This clause covers these goods while they are temporarily outside of your home. Therefore, if your suitcase is lost or stolen during your trip, you will be reimbursed in full, based on the replacement value of all of your lost or stolen Lire la suite…

Three apps to simplify your life!

Martin Lapointe Auteur Lareau - Martin Lapointe

Given that more than 95% of the earth’s population had a cell phone in 2015, I thought it would be a good idea to write about a few useful apps to simplify your life! CamScanner For starters, I’ll tell you about a tool that is very useful for those who prefer traditional methods, like the fax. Xerox came out with its first office fax machine model in 1964, but the idea originally came to Scottish inventor Alexander Bain in 1842. I think it’s high time we move onto something else. These days, nearly all cell phone plans include picture messaging (MMS—Multimedia Messaging Service), so you can take a picture and send it directly to the recipient via text message or e-mail, at no charge. The other option is to use an app that can replace the fax machine—CamScanner. You open Lire la suite…

Becoming a landlord

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

It’s not complicated. The cost of living is too high, and you realize that your employment income certainly won’t guarantee you’ll have the retirement of your dreams, so you become an investor. You have two options: the stock market or real estate. As the stock market fluctuates way too much and you don’t trust the major decision makers, and as you’re better with a hammer than a calculator, you’ve chosen real estate. It’s much simpler and safer. It’s a simple formula, to make money in life, you have to own property. Let’s backtrack to the end of my last blog. You’ve flipped a house and the gamble paid off: you respected your budget and timeline. Now you have to sell your showpiece, but nostalgia has given you a lump in your throat. You put soooo much energy into this great Lire la suite…

Is flipping the idea of the century?

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

It seems easy, fun, creative, artistic, and brings couples closer. No, we’re not talking about a couples’ Zumba class—we’re talking about house flipping! House flipping is when you buy a house that is in need of some TLC, fix it up over the course of a few weeks or months, and then quickly sell it, turning a profit. Specialty channels are flooded with them, contractors seem to be making a fortune, the media is incessantly writing about them—house flipping is on everybody’s lips. Flipping is all the rage and maybe you think that now you could put your extra spare time to good use and put your skilled hands, basement renovation experience, unparalleled spatial and temporal vision, savings, and friends to work flipping a house. So now you’re the owner of a 1960s bungalow with a fuse box, aluminum wiring, Lire la suite…

Airbnb’s excellent, but incomplete, host guarantee

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

Last week I was quoting Airbnb, a leader in the emerging sharing economy. The company provides a way to connect travellers around the world so they can find a home base in a desired location, often at a lower price than hotels and as functional as their own home. It’s a different way to experience a new place you’d like to discover. There’s just one catch—the insurance. That’s before mentioning that Airbnb offers a Host Guarantee, which states the following: “Always included for Eligible Booking. Your peace of mind is priceless. So we don’t charge for it. Every eligible booking on Airbnb is protected by our Host Guarantee at no additional cost to you. Sleep easy. You’re worth it.” Airbnb is clear about its Host Guarantee on several points: it is not an insurance policy and it does not replace Lire la suite…

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