How to Buy Insurance You can buy auto, home and business insurance from private insurers. When driving a car, buying a home or establishing a business, insurance can give you peace of mind. How To Buy Insurance You can buy auto, home and business insurance from private insurers. When driving a car, buying a home or establishing a business, insurance can give you peace of mind. Insurance protects you and your property against risk by covering unforeseen damage or mishaps. When securing insurance coverage in the province, you can choose which insurance representative best suits your needs. Options to consider include:Buying direct from a private insurance company. Purchasing through an insurance agent or broker. They sell products and packages for more than one insurance company. For unique or a difficult-to-place risk, a coverage package may be necessary. Retail brokers may work with wholesale brokers who have specialized knowledge and work as intermediaries with insurers and brokers. Where To Buy InsuranceDrivers must buy insurance coverage from a private insurer. Standard and optional auto insurance policies can be purchased through private insurance companies, brokers, agents or wholesalers. Auto InsuranceBy law, if you own or drive a car, you must buy auto insurance from a private insurer. Home InsuranceWhile law does not mandate it, banks or mortgage holders may insist that you purchase home insurance. Business InsuranceAlso called 'commercial', is not mandatory in the province. Related ServicesInsurance VendorsInsurance is a significant financial investment so it’s worthwhile to learn about your buying options. You can buy insurance from a broker, agent or direct writer. Seller ScamsPay attention to the details of your insurance contract. Scammers sometimes slightly alter the name of a legitimate company. Licensing of InsurersSimilar to other professions, insurance representatives – including direct writers, brokers and agents – as well as insurance companies, are subject to government regulation. Rights and ResponsibilitiesInsurance companies, brokers and agents are committed to safeguarding your rights when you shop for insurance and submit a claim following a loss. Useful LinksAuto InsuranceRequired by law across Canada, auto insurance covers the owner/driver, passengers, pedestrians and property affected by a vehicle collision. Buying Home InsuranceAs a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades. Business Insurance CoverageInsurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.