Types of insurance

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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.

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