Saturday, 31 May 2014

What to Consider Before Buying a Motorcycle

So you want to buy your first motorcycle. We don’t blame you—motorcycles offer a wonderful amount of freedom. They do, however, come with their fair share of risks. This is why we encourage you to consider a few things before going motorcycle shopping... and of course before shopping for the best Fort McMurray motorcycle insurance policy as well.

1. Consider whether you are ready or not. As stated above, riding a motorcycle can be dangerous. Take a few moments to think this through—are you skills good enough? How do you react under stressful situations? Yes, riding a motorcycle is fun, but if you are not prepared for the worst-case scenario, then it can be extremely dangerous.

2. Consider your budget. The latter will have a big impact on the type of motorcycle you will buy, whether or not it will be used, and even what type of motorcycle insurance coverage you end up with.

3. Consider whether or not you will take a course. While courses may be expensive, they are a good way to fine-tune your skills. If your budget allows it, what prevents you from taking a course?

4. Consider whether or not you will have the time (and money) to maintain it. A bike is similar to a car in which it requires a good amount of maintenance on a regular basis. What’s more, repairs can be quite costly, so make sure that you have some money saved up in case something goes wrong.

Monday, 26 May 2014

Business Owners and Insurance Policies

As a business owner, protecting your business should be your main priority. With so many Fort McMurray commercial insurance policies available on the market today, how do you make the distinction between the policies that you need and the ones that you don’t?

If you own a business, the first type of coverage that you will have to arm yourself with is known as general liability coverage. The latter protects you—or one of your employee, if applicable—against the financial loss associated with someone filing a lawsuit against you. By owning this policy, you will not have to worry about the costs related to your defence. You will not have to worry about the settlement either: Everything will be taken care of by your insurance company. While some lawsuit might not be founded, people may decide to sue you if they have received an injury or experienced professional negligence at the hands of you or one of your employees.

The second type of coverage that you should never underestimate is known as property coverage. Quite simply, this type of policy is there to safeguard the building(s) and any physical property associated with your company. It is good to know that even self-employed people can benefit greatly from this policy. If you believe that you are prone to fire, theft or vandalism, then we don’t recommend going one more day without owning this policy.

Lastly, we recommend that you spend some time discussing what type of business insurance coverage your company needs with your insurance broker. The world of insurance is vast and can sometimes be confusing. What suits a company owner might not fit another. Only by discussing it in details with a professional will you be able to know what’s best for you.

Tuesday, 20 May 2014

How Can You Prevent Car Break-Ins?

Owning a car comes with a degree of risk. Between getting your car stolen and getting into an accident, the very real possibility of experiencing a car break-in always looms over the horizon. Fortunately for you, there are a few things that you can do to prevent break-ins, or at least alleviate the risk of break-ins. Here are 4 of them:

1. Be insured. While an insurance policy can’t be used to prevent break-ins, it can be used to give you a certain peace of mind. If you are currently looking for affordable car insurance in the Edmonton area, we encourage you to visit SHARP Insurance and request your free quote today.

2. Out of sight, out of mind. That’s right: Ensure to not leave any valuable in sight before going shopping. (You might want to refer to this guide right here if you need ideas.) While this might sound obvious to some, it should never be overlooked. Don’t tempt thieves!

3. Choose your parking spot carefully. Parking your car in a high-traffic area where it can be seen by many people is always a wise idea. When going out at night, try to find a parking spot that is well-lit. Also try to find a spot in view of a security camera.

4. Invest in a good alarm system. Never underestimate the importance of a good alarm system. Yes, they can be annoying when they go off randomly in the middle of a parking lot, but at the end of the day, the noisier the car is, the less likely to be the target of a break-in it will be.

Sunday, 18 May 2014

Are Teens Considered High Risk Drivers?

Do you know what a high risk driver is? Have you been labelled as one in the past?

In the insurance world, high risk drivers are drivers who are more prone to accidents, according to insurance companies. Before labelling a driver as a high risk driver, companies first look at the number of accidents that a person has been into and the number of traffic violation tickets that he or she has received. Because high risk drivers tend to be costly for companies, few of them are willing to insure them. What's more, those that do often offer policies that tend to be more expensive than the average car insurance policy. If you are a high risk driver, we have a good news for you: Sharp Insurance offers drivers in the Lethbridge area an affordable and reliable high risk driver insurance policy. If you are interested in hearing more about our coverage, click here:

Before that, however, we would like to tackle a question that is often asked by our customers: Are teenagers considered high risk drivers? The answer to that question is a yes. The unfortunate news is that young drivers do not have to do anything wrong to be labelled as high risk drivers: Their age and inexperience tend to do that for them. Generally speaking, the first two years after learning how to drive is the most dangerous period of a driver's life. During those two years, it is much easier to get into an accident... or cause one. As such, teens (and new drivers alike) raise insurance premiums dramatically.

If you are the parent of a teenager interested in learning how to drive, you will be expected to pay more on your insurance policy. The good news is that you can usually add your teen to your insurance policy without having to worry about buying a new one for them.

Wednesday, 14 May 2014

Reducing Your Home Insurance Premiums

Are you paying too much on your home insurance policy? Or maybe you are still looking for the perfect home insurance policy? (Click here for more information: Regardless of what your situation currently is, as a buyer (or potential buyer) you should only have one thing in mind: How you can reduce the costs of your insurance policy.

Because that's right: Reducing your home insurance premiums is doable. Home insurance premiums don't have to be that expensive. With the help of simple tricks, you can enjoy the same benefits of a homeowner's insurance policy at a reduced rate.

So without further ado, here is how you can reduce your home insurance premiums:

1. Raise your deductible. Quite simply, your deductible is the amount of money that you agree to pay before your insurance company starts paying on a claim. By raising their deductible, some people have been able to save up to 20% on their insurance premiums. Be warned, however, that in the event of a theft or of a disaster, you will have to pay the amount of money that you agreed to pay.

2. Protect your house. That's right: Now might be the time to finally install that alarm system or update your heating system if you want to save on your home insurance premiums. Smoking has also been shown to raise premiums, so if you could not find a reason to stop smoking, now you have one! Ask your agent what you can do to make your house less expensive to insure and  try to avoid risks that insurance companies shy away from as much as possible.

3. Combine your home insurance and auto insurance policies. Buying them from the same insurance company has the potential to land you some good discounts. It also tends to simplify things (and paper works especially).

Monday, 12 May 2014

Do You Fit the Requirements for a Driver's License in Alberta?

Driving is something that most of us have in common. If you are thinking of getting your driver's license in Calgary, you will first have to see if you meet the minimum requirements for one. Before hitting the road, we also encourage you to spend some time researching insurance policies for new drivers. If you are interested, visit Sharp INSURANCE and see for yourself whether we are a good fit for you or not.

With that being said, how exactly do you go about getting your driver's license in Alberta? According to Service Alberta, you must be a legal resident of Alberta and Canada. The following chart has been taken from Service Alberta's website and shows the 7 license classes in the province:

  • Class 1 (Professional - Any vehicle)
  • Class 2 (Professional - Bus)
  • Class 3 (3-axle plus)
  • Class 4 (Professional - Taxi, Ambulance)
  • Class 5 (2-axle - Cars, Light Trucks, Motor Homes or Mopeds)
  • Class 6 (Motorcycle & Moped)
  • Class 7 (Learners - 2-axel & Motorcycle & Moped)

If you are thinking about getting a driver's license that allows you to drive a regular car, you will have to look into class 7, or learner's license, in more details. People 14 years old and older (with the consent of their parents if they are still minors) can apply for a learner's license. Before applying for one, students have to undergo a written test and a vision screening.

In Alberta, people must have a class 7 license for at least a full year before they are allowed to take a road test. We recommend that students enroll in an Alberta driving school to get enough practice and knowledge. After passing the road test, people can now receive their class 5 provisional license. This license allows them to drive on their own (with some restrictions). After two years, they become eligible to apply for a full class 5 license... assuming that they were able to drive with a 0% blood alcohol content and remain suspension free during those years.

Thursday, 8 May 2014

All About Contractor's Commercial General Liability (CGL)

Contractors are one of the most liable people on earth. Going to work each day without adequate coverage can be fatal to their career. A simple mistake and they can find themselves having to face a handful of legal problems. As a contractor, it is your responsibility to research the numerous types of insurance policies available to you. Because we know how easy it is to be overwhelmed at the amount of policies being marketed out there, we would like to direct your attention to one of the most important policies of all: the contractor's commercial general liability insurance policy, also simply known as CGL.

If you have been following us for a while, you probably know what GCL stands for. That's right: commercial general liability. In its simplest definition, this type of policy provides protection against a wide array of different claims. Those claims can stem from bodily injuries, property damage or anything else sustained by a third party during the course of a contractor's operation.

We all like to think that those things only happen to "other people". The truth is that if you are a contractor working in the construction field, you are not immune against such claims at all. From damage to vehicles to damage caused by welding sparks, mistakes happen, and those mistakes can often be costly. Contractors should never underestimate the importance of being covered under this policy. In the past, many people have sued contractors for injuries or damage caused by said contractors.

Because we are humans and we are all prone to mistakes and accidents, it would be quite unfair to let an accident like that ruin your career forever.

Sunday, 4 May 2014

Comprehensive vs. Collision Motorcycle Insurance Policies: What are They?

In the world of Calgary motorcycle insurance coverage, nothing is ever truly black and white. Buying one type of insurance policy is rarely enough: If you plan on taking to the road on a regular basis, you have to think about how you can best protect yourself and your motorcycle. For many people, this is when comprehensive and collision coverage come into play. But the question still remains: What are those policies and how are they different from each other?

Most people believe that buying a liability insurance policy is enough. The truth is that this type of policy does not cover them or their motorcycle. Collision coverage, on the other hand, does just that. The latter is, as the name entails, a type of policy that covers your motorcycle in the event of a collision. Such collision can occur against a pole, a car or any other non-living object. What's more, it does not matter if the accident was the motorcyclist's fault: This policy will always protect them.

Similarly, a comprehensive insurance policy covers a motorcycle for the damage caused by something other than a collision. Generally speaking, this type of policy covers theft, vandalism and even fire. If you believe that you can sleep at night without collision coverage, we highly recommend that you at least buy a comprehensive policy. More often than not, you have absolutely no control over the kind of accidents that this policy protects your motorcycle against.

Do you have a motorcycle? Thinking about hitting the road with it soon? Don't go without proper insurance coverage. Sharp INSURANCE can help: Click here to request a free quote today!