Insurance advice: Get a financial head start when starting out St. John's NL

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 ...

BMO Bank of Montreal
(709) 758-2100
370 Newfoundland Dr
St. John\U0027S, NL
Type
Branch with ABM

BMO Bank of Montreal
Elizabeth Avenue
St Johns, NL
Type
ABM

BMO Bank of Montreal
(709) 758-2055
238 Water St
St. John\U0027S, NL
Type
Branch with ABM

Scotiabank
(709) 576-6000
245 Water Street
St. John'S, NL
 
BMO Bank of Montreal
Prince Philip Drive
St Johns, NL
Type
ABM

RBC - St Johns-Aberdeen Ave Branch
(709) 576-4700
40 Aberdeen Ave-Suite 102
St Johns, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

RBC - Elizabeth Ave Br
(709) 576-4545
65 Elizabeth Ave
St Johns, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

RBC - Torbay Branch
(709) 437-5361
1296 Torbay Rd-Po Box 1130
Torbay, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 17:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(709) 576-1199
37 Rowan Street
St. Johns, NL
 
BMO Bank of Montreal
(709) 758-2110
384 Elizabeth Ave W
St. John\U0027S, NL
Type
Branch with ABM

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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