How Insurance Works
What you need to know to help protect your most-valuable assets.
Understand the basics
We're here to help you understand how insurance works, so you get the coverage you need before you need it.
- Know your policy
- How to file a claim
- Code of Consumer Rights and Responsibilities
- Find the insurance that fits your needs
Know your policy
A car collision, a basement damaged by water or a business interrupted by vandalism are risks that many of us face each day. Understand how your insurance will respond before something unexpected happens.
How to File a Claim
Make sure you know how to make a claim when something unexpected happens. Whether you need to make an auto, home or business claim, all the information and forms you need are in one place.
Code of Consumer Rights and Responsibilities
Insurance companies, brokers and agents are all committed to safeguarding your rights when you shop for insurance or submit a claim following a loss. Understand what you’re entitled to and what you’re responsible for.
Find the insurance that fits your needs
Insurance is a significant investment. Before you purchase coverage, getting answers from a licensed insurance representative to key questions can help you make informed decisions. Asking questions will help you understand your policy purchase and avoid any misinterpretation.
35%
Small and medium-sized business employees who report receiving mandatory cyber security awareness training.
$42B
Claims paid out by Canadian insurance companies in 2022. See what other facts are shaping the insurance industry.
64+
Insurance companies across Canada are ready to help you protect yourself and your property from unexpected events. Discover how to find the insurance that fits your needs
Resources For You
We've collected a few more resources that may be helpful for you to explore.
What to do when severe weather strikes
Are you prepared to respond to a windstorm, flood or fire? We’ve collected all the information you need in one place to help you prevent, prepare for and respond to severe weather emergencies.
Trending News
auto, home
Be winter ready both on and off the roads
Dec 2, 2024 | Written by DECEMBER 2, 2024 | BY: ROB DE PRUIS, NATIONAL DIRECTOR, CONSUMER AND INDUSTRY RELATIONS, IBC
home, climate
Pressures have been mounting on home insurance premiums as residential building construction costs soar by 66% since 2019
Nov 28, 2024 | NATIONAL
business
Eight tips to help navigate the commercial insurance market
Nov 27, 2024 | Written by NOVEMBER 27, 2024 | BY: ROB DE PRUIS, NATIONAL DIRECTOR, CONSUMER AND INDUSTRY RELATIONS, IBC
auto
Alberta’s insurers committed to working with province on auto insurance reforms that benefit consumers
Nov 21, 2024 | AB
Cyber Security
Is your business protected against AI-assisted cyber threats?
Nov 18, 2024 | Written by NOVEMBER 18, 2024 | BY: MAHAN AZIMI, MANAGER, CATASTROPHIC RISK POLICY, IBC
climate
Insured damage from October storms in Southern BC surpass $110 million
Nov 15, 2024 | BC
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How home insurance works
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Business insurance basics
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