Find an Insurance Broker in Scarborough
Whether you’re seeking to protect your home, your vehicle or your livelihood, BST Insurance in Scarborough has just the product you need. We partner with some of Canada’s leading insurance companies to offer our clients a flexible range of insurance solutions.
You may think of auto insurance as protecting your car, but it’s really designed to protect you. There’s good reason that it’s mandatory in Scarborough as well as all other areas.
The vital forms of coverage you need include:
• Personal injury
• Bodily injury
• Property damage protection
These are designed to protect your assets, even in a situation in which you’re at fault, while also ensuring that everyone injured receives appropriate compensation.
Also, if you’re financing a vehicle, your lender probably requires you to carry comprehensive and collision coverage, as it’s used to pay for damage to your car from any cause.
Above and beyond the basic legal minimums, there are many other kinds of auto coverage that make your driving life safer.
Towing and roadside assistance policies are often big money-savers, and it’s even possible to cover the cost of a loaner car while yours is in the shop.
Similarly, a waiver of depreciation is an important optional coverage available on new vehicles. Should you experience a loss within the chosen time frame of up to 60 months, the waiver of depreciation will remove the depreciation amount from the loss calculation.
These are the types of important optional coverages the car insurance brokers at BST Insurance will advise you to consider.
Your BST Scarborough broker can explain the ways in which you may qualify for lower auto insurance premiums. These include a high credit score, good driving record, low mileage, and your vehicle’s safety features. Even if you fall into a higher-risk category, BST helps you shop around to find the most affordable auto coverage.
Do you have vehicles registered to your business? If you make deliveries or have employees that drive to job sites, or even if you often drive clients around in your own car, you have unique needs for vehicle coverage.
BST Insurance in Scarborough can explain the differences between individual and commercial auto insurance, helping you find the right combination of price and coverage.
If you’re like most people, your home is your biggest asset. There’s a wide range of policy types and coverage exclusions, so choosing the best home insurance can be complicated.
Your mortgage lender undoubtedly has certain requirements, but should you extend your coverage beyond the minimum? Basic required insurance usually covers the following:
• Liability in case someone suffers injury or property damage while at your home
• Replacement for your possessions if they are destroyed by a covered event
• Repair or replacement cost if your home is damaged or destroyed by a covered event.
• Living expenses, if you must live elsewhere while your home is being repaired.
It’s important to be aware of the coverage limitations that may be part of the fine print of Scarborough homeowner’s insurance policies.
Floods, earthquakes and landslides are often not included in standard policies, although you can usually purchase separate insurance for such events.
Coverage level, or the amount the policy pays out in case of damage, also varies widely. Some homeowners’ policies pay only the depreciated cost of a loss, while others guarantee payment of the full replacement or rebuilding cost in current dollars.
Other variations in homeowner’s insurance are needed if you rent out any part of your home, or if you live in a condo.
As a renter, you don’t have to worry about paying for damage to the structure of the home you’re renting, as long as you didn’t cause it.
But what happens if you hook up your own washing machine and it floods a carpeted area? Or if you leave packages in a hallway and someone trips over them? Or if someone breaks in and steals your jewelry while you're away?
Renters are vulnerable in a variety of ways, and tenants' insurance can remove the stress of potential losses. Your landlord may require you to have insurance before signing a lease, as well, so it’s important to search for affordable coverage as soon as possible.
Every small business owner puts a countless number of hours into building their business. For this reason, it makes sense to protect that enormous investment of resources.
You can help make your company sustainable for the long term by insuring it against events that could cause you to shut down.
Your bills need to be paid, even if you aren’t collecting income. Also, business interruption coverage can protect you against bankruptcy if you hit a rough patch.
Other key elements in a small business policy include:
• General liability insurance
• Fiduciary and crime (including cyber crime) coverage
• Errors and omissions insurance
• Protection of equipment and inventory
• Home office coverage
If you enter other people’s homes and make structural changes, you know how essential it is to be well insured against liability lawsuits.
BST can help you compare cost and coverage to understand if your current insurance is the best choice. In addition to providing you with the liability coverage you need, we can insure your tools and equipment, as well as any property in transit that you are responsible for.
You have a world of choices when it comes to insurance coverage. Your BST Scarborough insurance broker consults with you to learn more about your specific needs, and then pairs you with the right products at the right price. Contact us today!