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Let’s face it ... insurance can be confusing

That’s why there’s never been a better time to talk to an insurance broker. 

Insurance is in place to help protect what is important to you and can give you peace of mind in knowing what you value is protected.

How it works

Insurance is a shared pool of risk.  This means that insurance companies are taking on specific risks for a fee so that you are not burdened with the complete financial responsibility of responding to losses incurred through events such as accident, sewer backup, fire etc.. That pool of insurance which is paid to insurance companies is used to assist those that find themselves in claim situations.

Property and Casualty insurance is referred to as general insurance and does not include life or health.  It covers both:

  • Property risk - loss resulting from the damage or destruction of your owned property
  • Liability risk - the injury or damage to others as a result of a person's actions

Why Use a Broker?

Expert Advise & Guidance

Brokers are licensed professionals who understand the complexities of insurance.

They can help explain different types of coverage, exclusions, and what policies actually mean in plain language.

Ideal for people who don’t know exactly what kind of insurance or coverage they need.

If you have unique insurance needs (e.g., high-value homes, small business insurance, cyber liability, etc.), a broker can find specialized coverage that might not be available directly.

Access to a Wider Range of Options

Brokers are not tied to one insurance company.

They compare quotes from multiple insurers to find the best value and coverage for your specific needs.

This helps ensure you’re not overpaying or underinsured.

Tailored Coverage

Brokers assess your personal or business risk profile and recommend coverage that’s specifically suited to you.

They often identify risks you may not have thought of and ensure you're properly protected.

Claims Support

Many brokers offer assistance with the claims process, advocating on your behalf to the insurer.

This can reduce stress and increase the chances of a fair and timely payout.

 

There is no extra cost to you for all the services that a broker provides. Brokers receive compensation from the insurance company that you place your business with and will be transparent in this regard.

If you don't already have a broker, click HERE for a list of member brokers in your area.

IBANS does not sell insurance, provide quotes or advise on insurance products. For specific insurance information please contact one of our member brokers

 

What is Property & Casualty Insurance?

Property and casualty insurance (P&C insurance) are types of coverage which protect both you and the property you own.

Property insurance helps cover items such as your vehicle or home.

Casualty insurance refers to the fact that your policy includes liability coverage to help protect you if you are responsible for an accident that causes injuries to another person or damages someone else's personal belongings.

 

Wildfires

With the wildfires that ravaged parts of Nova Scotia this summer we are sharing two pdf's from the Intact Centre on Climate Control on Wildfire Safe Communities and Homes.

Other Resources