Insurance - Things You Should Know

It recently came to my attention that people do not know enough about their policy options when it comes to having a high risk operator within their household . I recently heard a story about a family who had a 17 year old son who had an accident and a couple of tickets . There insurance company decided that they were not going to offer a renewal to the entire family based on the son being in the household .

A possible option that the family could of considered would be to "exclude" the son as an operator under their insurance policy . Yes this would mean that the son can't drive their vehicles but this may be the preferred option rather than moving the entire family policy to a high risk insurance provider .

Under the current insurance rules in Ontario this option must be available to an insured, BUT the policy holder must request the option . In the case of an insured dealing with a direct writer or insurance agent , this option would not be disclosed to them because they work directly for the insurance company . As an insurance broker we work on behalf of the client, not the insurance company, and would discuss all options with the client .