The insurance world is full of beliefs that circulate… and that aren’t always true! These misconceptions can mislead you and even cost you dearly. Here are three popular myths to debunk:
- “My home insurance automatically covers my home-based business.”
False. If you work from home and receive clients or store equipment, your home insurance does not always cover these activities. Specific coverage for self-employed workers or small businesses is often required. - “If I don’t make a claim, my premium will never change.”
Not quite. Premiums are influenced by several factors: the market, the type of coverage, your risk profile… even if you’ve never had a claim. However, having a good record is still an asset in obtaining better terms. - “My auto insurance covers me even if I lend my car to anyone.”
Be careful! In the event of an accident, it is your insurance that will be called upon, not that of the person driving. You are responsible for who gets behind the wheel of your vehicle. Read more on this subject Insurance: Lending your car.
Do you have any doubts or questions? Talk to our brokers: their role is to guide you and simplify your life when it comes to insurance.
