Types of insurance

Back to learn

The types of insurance you need to know about

Rounding it up

  • In Canada, auto insurance is mandatory; it can cover vehicle repairs and protect you from liability claims in the case of accidents.

  • While Canadians have access to free health care, additional health insurance can help with costs that are not included. Your standard health care also may not apply once you’re abroad; that’s where travel insurance can be handy.

  • Home insurance can cover the contents in your home or any liability claims. Mortgage insurance involves, unsurprisingly, your mortgage balance.

  • Life, critical illness, and disability insurance are also worth exploring. Navigate your many options with an insurance broker.

10 min read

Barry Choi
#insurance#insurance policies#car insurance#home insurance

Barry Choi

Barry Choi is a personal finance expert based in Toronto who makes frequent media appearances. His website Money We Have is one of Canada's most trusted sources for all things related to money and travel.

Recent Articles

Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases

Do I need renter's insurance in Canada?

How much should Canadians save for retirement?

What is value added tax? Is there VAT in Canada?

Is it more expensive to live in Canada or the US?

Should I keep accounts at multiple banks?

Related articles

Do I need renter's insurance in Canada?

7 mins

Gaby Pilson

Trying to decide if you need renter’s insurance in Canada? Here’s everything you need to know before you buy a policy.

Do I need renter's insurance in Canada?

7 mins

Gaby Pilson

Trying to decide if you need renter’s insurance in Canada? Here’s everything you need to know before you buy a policy.

#insurance

#renter's insurance

#tenant insurance

Company

AboutCareersCultureLearnPartnersTravelStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.