Tag: Insurance

Some Living In U.S. Eye Canada For Health Care, But Not Everybody Can Get In | CBC News

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Deborah Millar-Jervis and husband Robert Jervis were faced with a choice. They could continue paying roughly $1,600 US a month for health insurance or leave the United States and move to Canada. The staggering, and rising, cost of their insurance did not include doctors visits, dental care, prescriptions or the deductible amount they had to meet before accessing coverage. So, four years ago, the couple packed up their home in Blaine, Wash., and moved four hours north to Penticton, B.C. “We loved living there [in the U.S.], we had a…

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Pot Edibles Could Lead To Higher Life Insurance Premiums | CBC News

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Canadians looking to enjoy soon-to-be-legalized pot-infused edibles could get hit with higher insurance premiums — depending on the size of their appetites. Many insurers no longer treat cannabis users as cigarette smokers — who pay much higher premiums due to the high-risk activity — provided there is no tobacco or nicotine in products they use. The shift came in recent years as Canada moved to legalize pot for recreational use, starting with dried flower, oils, plants and seeds. Read full story here: Pot Edibles Could Lead To Higher Life Insurance Premiums…

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Hidden Camera Reveals How Bank Employees Mislead And Upsell On Pricey Credit Card Insurance | CBC News

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A Marketplace hidden camera investigation is raising questions about how bank employees are selling a pricey and controversial product marketed to help with credit card payments if you lose your job or get sick. It’s called credit card balance insurance, or balance protection insurance — and if you’ve signed up for a credit card, chances are you’ve been asked to buy it. But many experts say the insurance comes with high fees — typically a percentage of a cardholder’s outstanding balance — and so many exclusions it can be hard…

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Privacy Experts Say Choosing Life Insurance Tied To Fitness Tracking Could Have Unintended Consequences | CBC News

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Privacy experts say they’re concerned life-insurance programs that reward customers for behaviours like logging their activity using a fitness tracker could have unintended consequences for the safety of their personal data. Insurance giant John Hancock, owned by Canadian company Manulife Financial Corp., announced Thursday a switch to “interactive” life-insurance policies only, which offer incentives for things like wearing a Fitbit or other fitness tracker. Customers in John Hancock’s program — a partnership with Vitality Group — do not have to log their activities to get coverage, but can receive discounts or other perks if they do. The…

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Many Canadians With Homes In Florida Likely Excluded From Insurance Requirements, Disaster Relief – National | Globalnews.ca

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As Hurricane Irma barrels toward southern Florida, what do Canadians who own property in the state need to know? Florida is the U.S.’s most popular destination for Canadian homebuyers, according to a 2017 report by the National Association of Realtors. More than half a million Canadians own property there, according to a 2013 tally by the Bank of Montreal. Many of those homes might be on Irma’s path, but Canadians who don’t have U.S. citizenship, permanent residence or a U.S. work visa don’t qualify for federally-backed mortgages, which require flood insurance.…

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Flooding, Flooding Everywhere – Do Canadians Have Insurance For It? – National | Globalnews.ca

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From New Brunswick to Quebec, through Ontario, Manitoba and to British Columbia, Canadians have been coping with flooding or bracing for torrential downpours. And yet, flood insurance is still a relatively new concept in the Great White North. Overland flood insurance, which covers damage from water flowing above ground and seeping in through windows, doors and cracks, only became widely available in the last couple of years, according to Blair Feltmate, head of the Intact Centre on Climate Adaptation at the University of Waterloo. Read full story here: Flooding, Flooding Everywhere – Do Canadians Have Insurance For…

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