Frequently Asked Questions
Which insurance companies do you work with?
At Gifford Carr, our insurance brokers work with many of the top-rated insurance providers in Canada. This provides our clients with the best options available.
Do insurance brokers get paid by their clients?
No, there is no fee when working with us. Insurance brokers get paid by the insurance companies, not their clients.
Why should I choose an Ottawa insurance broker instead of an insurance agent?
Unlike insurance agents, brokers do not work for or represent any specific insurance companies. We work in the best interests of our clients. Which means, we work for you! We provide unbiased recommendations based on the best solutions for your needs, lifestyle and budget. While insurance agents can only access the products offered by the insurers that they are representing, we can access all of them. So even if there is a better option available, we will find it.
How much insurance coverage do I need for personal property?
Your personal property insurance should cover all of your valuable belongings, including jewelry, electronics, laptops or computers, furniture, and any collectibles items or other items of value. We recommend taking an inventory of such items to determine the right amount of protection you need.
What are the Ottawa car insurance requirements?
In Ontario, all drivers are required to purchase Third-Party Liability, Accident Benefits, Direct Compensation Property Damage and Uninsured Automobile coverage. Contact us to learn more.
If I live in downtown Ottawa, will my car insurance rates be higher?
Live in walking distance to Parliament Hill or Lansdowne Park? Generally speaking, urban locations will come with higher insurance rates because there’s a greater risk of theft, vandalism and accidents. There’s also a higher volume of traffic compared to suburban areas.
Will my car insurance cover other drivers who use it?
Yes, as long as the driver has a valid driver’s license, your car insurance will cover damage to the vehicle and bodily harm, even when you are not driving.
Is condo insurance mandatory in Ontario?
No. However, if you have a mortgage, it is likely the lender will request a binder prior to closing, to protect their investment. A binder is a certificate of insurance. We recommend having some form of home insurance to keep you and your valuables protected.
Do I need insurance for my snowmobile?
Yes. In Ontario, snowmobile insurance is mandatory, unless you are driving your vehicle on your property. Though you likely only drive your snowmobile for a few months, many experts agree that a full year policy is worth the cost for full protection. If you plan on taking your snowmobile through the trails this winter, make sure you are covered!