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Sunday, 19 June 2016

What Does a Red Deer Motorcycle Liability Policy Cover You From?


Owning a motorcycle in Red Deer means that you are legally obligated to purchase an insurance policy before hitting the road. The most common type of motorcycle policy is known as liability insurance coverage. But what exactly does it cover? 

If you own a car, then you can probably already guess the answer to that question. Much like its auto counterpart, this policy includes bodily injury and property damage protection. In other words, this policy will protect you financially in the event of you experiencing a road accident. Even if you are the cause of said accident, most motorcycle liability policies will provide you with financial assistance.

This policy is often confused with collision coverage. Unlike liability coverage which helps you pay for damage to third parties, the former type of coverage helps pay for damage done to your bike. Here at Sharp Insurance, we often recommend these two policies to motorcycle owners in Red Deer. However, keep in mind that there are numerous other types of policies out there, including but not limited to comprehensive coverage and total loss coverage. While additional coverage is not mandatory, it is often recommended... especially if you are planning on riding your bike frequently!

If you have any questions related to motorcycle liability coverage in Red Deer, or if you would like to request a free quote from Sharp Insurance, please visit www.sharpinsurance.ca. Our quotes are free and come with no obligation whatsoever. Until then, remember to stay safe on the road and to enjoy the rest of your summer!

Sunday, 12 June 2016

Calgary Car Insurance Coverage: Do I Need a Separate Policy For My Business Vehicle?


If you own a small business in Calgary, you might be wondering whether or not your personal auto insurance policy extends to cover your business vehicle(s). Since this is a common question in the insurance world among business owners, today we will do our best to answer it.

Unfortunately, most personal auto insurance policies do not cover business vehicles. As a result, business owners are required to purchase a special type of insurance coverage known as commercial auto coverage. Much like a personal car insurance policy, a commercial policy will provide you with financial assistance in the event of you experiencing a road accident.

Keep in mind, however, that there are several different types of commercial car policies... just like there are different types of personal car policies. Each policy serves its own unique purpose -- from helping you pay for damage done to third parties to helping you pay for damage done to your commercial vehicle. Also keep in mind that not every policy extends to cover your employees. If you let your employees drive your vehicle(s), or if you plan on doing this in the future, this is something that you should absolutely double check before purchasing a policy.

If you own a business vehicle in Calgary, then you are legally obligated to cover it before hitting the road. For your commercial car insurance needs, trust Sharp Insurance. Did you know that our quotes are free and come with no obligation whatsoever? Visit www.sharpinsurance.ca to request yours today.

Sunday, 5 June 2016

Are Calgary High Risk Drivers Forced to Pay Higher Premiums Forever?


So you've been labelled as a high risk driver in Calgary. Unfortunately, this is more common than it sounds. But what kind of baggage does the label of "high risk driver" come with? In other words, what does it entail, both in terms of reputation and insurance premiums? And more important... will you be forced to pay higher premiums for the rest of your life?

As you already know by now, being labelled as a high risk driver by insurance companies mean that they perceive you as more prone to getting into and/or causing road accidents. As a result, because they expect you to cost them more money than "normal" drivers, they require you to pay more than "normal" drivers.

The good news, however, is that this label is not permanent. Yes, you read that right: You are not hopeless! While you will be expected to pay higher premiums for some time, manage to keep a clean driving record for the next two years or so and it should only be a matter of time before insurance companies in Calgary stop labeling you as a high risk driver.

Sure, being labelled as a high risk driver today might feel like the end of the world, but remember this: You are still alive. In the past, it's quite likely that you have experienced your fair share of road accidents and infractions (hence why you are reading this today), but you are still alive. Consider this a learning experience for you instead. Driving is not a game, so brush up on your driving skills and get that clean driving record going for many, many years!

Stay safe!

Thursday, 2 June 2016

Edmonton Home Insurance Coverage: Is It Mandatory in Alberta?


What do you know about home insurance coverage in Edmonton? As a new home owner, it is completely natural for you to be slightly confused and/or nervous at the prospect of purchasing insurance coverage for your new home in Edmonton. Unfortunately, the world of insurance policies is vast, and new home owners don't always know where to start from.

One of the most common questions related to home insurance coverage is this one: Is home insurance coverage mandatory in Alberta?

If you own a car, you already know that you cannot legally drive your car without owning some sort of insurance coverage. But is it the same thing with your new purchased home? And what are the repercussions if you never buy coverage, if any?

The answer to the question above is no, you are not legally obligated to purchase home insurance coverage Edmonton. With that said, however, just because you are not legally obligated to do so doesn't mean that you shouldn't. There are simply too many risks associated with owning a house, and your house is too precious for you not to purchase at least some form of insurance coverage. From vandals to fires, without forgetting of course the possibility of your house being robbed, we can't recommend enough the importance of being covered under a solid homeowners policy.

Generally speaking, a basic policy should do the trick for most home owners in Edmonton. However, depending on where you live, you might consider purchasing additional coverage. For a free Edmonton home insurance quote, we encourage you to visit www.sharpinsurance.ca.