1. Anytime you travel outside of your home province, you are at risk of incurring additional medical costs in the event of an emergency. Annual travel medical plans can be purchased to assist you with these costs. An example would be an ambulance charge in Alberta or the cost difference in service between BC and the USA.

2. Home/Condo/Tenants insurance policies have limits for jewellery, watches, cash, certain collections, bicycles, business equipment. It is important to ensure that these limits are adequate in case of a claim.

3. Insurance for recreational and rental properties are not designed to cover short term rentals. If you are renting your property on a short term basis, it is important that your agent is properly informed and the correct coverage is purchased.

4. Good homeowner’s policies have a Guaranteed Replacement Cost clause. In case of a total loss, the policy guarantees the rebuilding of your home regardless of the limit shown on your policy. However, to qualify for this valuable feature, all renovations to your home which has increased the rebuilding cost (for example, additional square footage or renovations costing more than $5,000) must be communicated to your home insurance agent.