Financial Literacy Month Financial Literacy Month aims to empower Canadians with the knowledge, skills and confidence to make responsible financial decisions. A car collision, a basement damaged by water and a business interrupted by vandalism are risks that people face each day. After a loss happens, everyday life can change in big ways. Now is the time to Know Your Policy and better protect yourself.Insurance literacy is an important part of overall financial literacy. IBC supports Financial Literacy Month by sponsoring and organizing community events, and taking part in events organized by key stakeholders and awareness campaigns. Visit the Financial Consumer Agency of Canada (FCAC) for news and more information.Learn about IBC’s upcoming financial literacy events in your province. Year-Round Financial LiteracyIt’s important to understand your car, home and business policies every month of the year. When buying or renewing insurance, consider asking these questions:Home InsuranceWhat does my policy cover?Is there a specific kind of insurance for my home type? (i.e., condo/strata, cottage, mobile home or recreational property)?Are there risks I cannot buy insurance for?What optional coverage is available?Should I make a claim for every loss?Auto InsuranceIf I get into a collision tomorrow, what kind of coverage can I expect under my policy?What optional coverage is available?Should I purchase collision insurance on an older car?What kind of deductible is recommended?Does the distance I travel affect my premium?Business InsuranceWhat kind of insurance do I need?Are there risks I cannot buy insurance for?What are the cyber risks?If my business is home-based, do I need special coverage?What does professional liability or errors and omissions liability insurance cover?What can I do to keep my premium down? Related ServicesSeniors, New Canadians and TeensInsurance scam artists often prey on seniors. New Canadians may also be victimized by being sold discounted policies that turn out to be invalid.Know Your PolicyA car collision, a basement damaged by water and a business interrupted by vandalism are risks that people face each day. After a loss happens, everyday life can change in big ways. Now is the time to Know Your Policy and better protect yourself. Useful LinksRisk Management (Auto)Risk management involves identifying and understanding risks. Whether you’re lending your vehicle or participating in a vehicle exchange, you can limit your exposure to risks through loss prevention techniques.Risk Management at HomeBuying home insurance protects your home and most valuable assets. By understanding common risks and taking action to mitigate those risks, you can prevent potential losses.Risk Management (Business)You can help control the cost of your insurance premiums and improve your business operations by adopting risk management strategies. Risk awareness and mitigation activities can add up to a safer workplace as well as positive brand recognition.Buying TipsInsurance is a significant investment. Before you purchase coverage, getting answers to key questions can help you make informed decisions.