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.
34%
Small and medium-sized business employees who report receiving mandatory cyber security awareness training.
$37.9B
Claims paid out by Canadian insurance companies in 2021. 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
climate
Hurricane Fiona: One Year Later
Sep 22, 2023 | Written by BY: GRAHAM LITTLE, INTERIM VICE-PRESIDENT, ATLANTIC, INSURANCE BUREAU OF CANADA (IBC)
climate
Summer storms in Alberta and Prairies cause over $300 million in insured losses
Sep 19, 2023 | AB, MB, SK
auto
Buckle Up: Child Passenger Safety Week is September 16 to 24
Sep 18, 2023 | Written by BY: GRAHAM LITTLE, INTERIM VICE-PRESIDENT, ATLANTIC, INSURANCE BUREAU OF CANADA (IBC)
Insurance Industry
Canada’s Insurers Are Taking Action to Combat Auto Theft
Sep 11, 2023 | NATIONAL
home
Get an A+ on your insurance score this semester! Consider purchasing Tenant’s Insurance
Aug 31, 2023 | Written by BY: ANNE MARIE THOMAS, DIRECTOR OF CONSUMER AND INDUSTRY RELATIONS, INSURANCE BUREAU OF CANADA
climate
Insurers on the ground in West Kelowna to assist residents affected by wildfires
Aug 26, 2023 | BC, NT
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