Insurance advice: Get a financial head start when starting out Saskatoon SK

Many younger Canadians don't understand their insurance needs. A recent RBC Insurance/Ipsos Reid survey found that over one third (38 per cent) of Ca ...

Scotiabank
(306) 668-1480
1004 8Th Street East
Saskatoon, SK
 
BMO Bank of Montreal
Campus Drive
Saskatoon, SK
Type
ABM

Scotiabank
(306) 668-1400
111-2Nd Avenue South
Saskatoon, SK
 
Scotiabank
(306) 668-1540
306 20Th Street West
Saskatoon, SK
 
Scotiabank
(306) 668-1600
3510 8Th Street
Saskatoon, SK
 
BMO Bank of Montreal
(306) 934-5600
101 2Nd Ave N
Saskatoon, SK
Type
Branch with ABM

BMO Bank of Montreal
(306) 934-5725
2122 8Th St E
Saskatoon, SK
Type
Branch with ABM

BMO Bank of Montreal
(306) 934-5720
2325 Preston Ave
Saskatoon, SK
Type
Branch with ABM

Scotiabank
(306) 668-1640
100 - 3015 Clarence Ave South
Saskatoon, SK
 
Scotiabank
(306) 668-1500
218 33Rd Street West At Avenue C
Saskatoon, SK
 

Insurance advice: Get a financial head start when starting out

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Lack of insurance knowledge can be costly for younger Canadians

(NC)-Many younger Canadians don't understand their insurance needs. A recent RBC Insurance/Ipsos Reid survey found that over one third (38 per cent) of Canadians between the ages of 18-34 don't know if they even have the right amount or type of insurance.

Here are a few insurance tips to think about as you start out on your own.

• Renting a home - Tenant insurance is useful if you are renting a home, going away to school or want to protect expensive items like electronics or jewellery. It may cover you in the event of a fire or break-in or if someone is injured on your property.

• Buying a new or used car - The type of car you drive, age and where you live can all affect the cost of your auto insurance premium. Shop around for insurance before buying your new car to avoid any costly surprises. Also look at bundling your auto policy with home insurance for even more savings.

• Dealing with a serious illness - A critical illness insurance policy can be less expensive when you're young and - if you're diagnosed with a critical illness - it can provide a lump sum payment so that you can focus on your recovery.

• Heading out on vacation - A vacation is a great time to get away from it all, but don't forget to buy travel insurance for any unforeseen mishaps. Out-of-country medical costs, cancelled or delayed flights and baggage loss or delays can cost you thousands of dollars.

For more information, contact RBC Insurance at 1-888-526-2056 or visit your nearest RBC Insurance branch or online at http://www.rbcinsurance.com/ insuranceneeds/

Credit: www.newscanada.com

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