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Insurance Broker Richmond Hill
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Insurance Broker Richmond Hill
Trusted insurance brokers in Richmond Hill helping you save money
At Canadian LIC, with the help of our professional insurance brokers, you have the freedom to view several quotes from leading lenders in Richmond Hill to help you make a much better decision. For further information, please do not hesitate to contact our team to schedule an initial consultation.
Richmond Hill’s experienced insurance brokers
Our insurance brokers in Richmond Hill have the expertise and knowledge to help you save hundreds of dollars on your insurance plan. Living in a city like Richmond Hill, where the standard of living is not the cheapest, can set you financially. Now imagine if you had an accident or injury, it could cause a lot of financial stress. Are you searching for secure insurance companies? Our insurance brokers ensure you choose the right plan making sure you are protected at all times. We guarantee to help our clients find the best plans at the lowest rates and, most importantly, to suit their coverage needs. Another stressful part is choosing the right insurance lender. Do not worry. Over the years, we have built a solid reputation with several lenders in Richmond Hill, and our insurance brokers will do all the groundwork to help you choose the right policy. We are full service insurance brokerage! We have access to some of the best insurance policy lenders in the city of Richmond Hill.
Because we are reputable insurance brokers, we will make you review various quotes before you choose the right plan. For more details, speak to a member of our team today.
What is the job description of an insurance broker?
Unlike an insurance agent that solely represents the insurance company they work for, an insurance broker is an individual that looks after the needs of only the customer. The main area of focus of the insurance brokers is to assist the customer in helping them find the correct insurance policy to match their budget and specific needs. Our insurance brokers in Richmond hill are your trusted ally, and they have extensive knowledge and experience to guide and educate you on the various insurance plans. Additionally, they also do their due diligence and compare quotes with the city’s leading lenders and find the best and lowest rates for their customers. If you have any queries related to insurance policies or other details, our insurance brokers can address them as well as help you with any insurance claims if you have.
When should avail of the services of insurance brokers?
There are several advantages of using an insurance broker to purchase an insurance policy. As mentioned above, our insurance brokers work only for the customer. They do not provide Below-mentioned is reasons why one should use an insurance broker in Richmond Hill:
- They work solely for you and look after your insurance needs – As mentioned above, our insurance brokers work only for the customer. They do not provide insurance but help customers in choosing the right insurance plan. However, an insurance agent works for the insurance provider and will sell only the insurance products of the company they represent.
- A wide selection – An insurance broker has a fantastic relationship with various insurance providers in Richmond Hill, unlike an insurance agent who has a working relationship with the insurance provider they represent.
- Expert advice and first-class service – Our insurance brokers in Richmond Hill are licensed professionals that have the experience and expertise to help customers with any insurance queries, claims and much more.
Affordably priced services – Here at Canadian LIC, our services are competitively priced, and our insurance brokers go the extra mile to ensure your insurance needs are well taken care of.
Get the best Insurance Quote from Canadian L.I.C
Call 1 844-542-4678 to speak to our advisors.
Differentiation between an insurance agent and broker:
- Focused on the insurance needs of the customer – As mentioned above, our insurance brokers in Richmond Hill work solely to ensure the insurance needs of the customer are met. An insurance agent, on the other hand, represents the insurance provider they work for.
- Provides several insurance policy options – We offer our customers a wide range of insurance plan options by researching the best and lowest rates for them to choose from. An insurance agent only sells policies of the insurance provider they work for.
- Offering advice that is unbiased and reliable – Our insurance brokers offer customers advice that is unbiased and reliable, whereas an insurance agent sells insurance products of the company they represent.
- Licensed individuals – All our insurance brokers in Richmond hill are licensed by the Financial Services Regulatory Authority of Ontario (FSRA). They pride themselves on providing customers with top-quality service and maintaining professionalism.
Get the best Insurance Quote from Canadian L.I.C
Call 1 844-542-4678 to speak to our advisors.
Different types of insurance policies:
Our insurance company helps customers in choosing the right insurance plan that not only looks after their needs but also the needs of their loved ones, including others. Below-mentioned is some insurance plans that will help you protect your assets, as well as the financial stability of your dear ones. The two types of insurance plans are:
Personal Insurance Policies
Critical Illness Insurance:
This is a type of insurance plan which pays the holder of the policy a one-time, lump-sum payment up to the limit of the plan. This policy ensures the financial needs of your dear are well-looked after in the event the owner of the insurance policy suffers from a serious illness or requires surgery.
Disability Insurance:
If you’ve had an accident at your workplace that has left you permanently or temporarily disabled, the best way to ensure the financial obligations of your loved ones are taken care of is to purchase a Disability Insurance plan. With life being uncertain, we cannot take a chance on our physical and mental well-being. This policy is created to help people take care of their finances by covering their daily expenses while they recover or if they are unemployed because of a disability.
Mortgage Insurance:
Financial difficulties can lead to a lot of stress and other implications. Unexpected issues like a critical illness or disability can stop you from making your scheduled monthly mortgage repayments. To protect yourself and your family from feeling this financial stress, you must purchase a Mortgage Insurance policy that will protect you financially and prevent you from potentially defaulting, which can ultimately safeguard your credit score from getting impacted.
Loan Protection Insurance:
If you are struggling to repay your loan because of an injury that has left you disabled, or a serious illness you’ve suffered, then you can protect your credit score and prevent yourself from defaulting by purchasing a Loan Protection Insurance plan. The limit for business and personal expenses is up to $5000.
International Student Insurance:
Bear in mind that if you are a foreign student applying for health insurance in Canada, the healthcare rules and regulations for every province are different. As an international student, you are not eligible for free healthcare. Our insurance brokers will help identify a policy that covers all your medical needs.
Term life insurance
Term Life Insurance is one of the most affordable insurance plans out there in the insurance market. This plan offers a complete range of opportunities if you are considering planning for your future financial security. The term of the plan varies from ten years up to thirty years.
Whole life insurance
Whole Life Insurance is a policy that pays an amount to the beneficiary upon the death of the owner of the policy. It is a life insurance plan that is permanent, and it also includes a savings component which gives the policyholder the option to save up money and withdraw as and when required. The owner of the plan must make sure they do not skip out on making their premium payments.
Universal life insurance
When you sign the insurance contract, there are two options. The first option is that you can select a plan that gives you the freedom to take a loan against the cash value of the insurance policy you’ve built up, or you can take out some or all the money present in the plan.
Money-back life insurance
Have you ever given thought to what happens to your life insurance premium if you happen to somehow survive the entirety of the policy term? Now you can have a sigh of relief knowing that Money-Back Life Insurance plans have a cash value that is built up, and the money will be given back to you once the term expires.
Super Visa Insurance:
Do you want to get your parents or grandparents to Canada to visit your family? Then you have to ensure they apply for super visa insurance. The insurance brokers at Canadian LIC will expertly guide you on what is required to make sure they enjoy their stay in the country when they come to visit you. This insurance policy takes care of the healthcare needs of parents and grandparents of Canadian citizens and permanent residents.
Commercial insurance policies
Business insurance is a type of insurance specifically designed to protect businesses from financial loss. Businesses can be insured against a variety of risks, including property damage, liability, and even business interruption. Many businesses purchase insurance to protect themselves from the possibility of a major loss, such as a fire or theft. However, business insurance can also provide protection against less serious losses, such as lawsuits or damaged equipment. In addition, business insurance can sometimes be used to help cover the cost of business interruption due to natural disasters or other events beyond the control of the business. While the cost of business insurance can vary depending on the type and amount of coverage purchased, most businesses find that the peace of mind and financial protection it provides is well worth the price.
Key Person Insurance:
The owners of a company play a vital role in defining the company’s success. Looking after their needs is also an important part of it. A key-person life insurance plan ensures their needs are well looked after.
Group Insurance:
The insurance plan protects the mental, physical and financial health of the employees present in an organization. The best part of this plan is that it also provides coverage to the employee’s family members as well.
Buy-Sell Agreement:
It is a legally binding policy agreement between stakeholders or co-owners. If at any point the co-owner chooses to part ways or dies, the remaining partners have the choice to purchase the shares of that partner.
Estate Planning:
An insurance policy plays a vital role in estate planning. It also provides financial security to your dear ones in the event of your death. The funds can be used to take care of financial expenses such as paying taxes, clearing out debts, fees etc.
Why should you trust the insurance brokers at Canadian LIC?
With a wealth of experience in the insurance trade, we have served several customers with their insurance queries by helping them make a well-informed decision in choosing the right policy at the lowest and best rates. Below-mentioned are some reasons why you should trust the insurance brokers at Richmond Hill from Canadian LIC:
- Trustworthy and reliable insurance brokers – Our insurance brokers do not represent a particular insurance provider in Richmond Hill, Ontario. That is why you can rely on them for unbiased and professional advice.
- Licensed individuals – As mentioned earlier, all our insurance brokers at Canadian LIC are licensed and part of the Financial Services Regulatory Authority of Ontario (FSRA).
- Respected insurance brokers in Richmond Hill – We have gained a solid reputation in the Richmond Hill region and have rapidly become an industry leader in helping customers choose the correct insurance plan to suit their specific needs and budget.
- Shop and compare plans from several providers – Our insurance brokers give customers the freedom to choose from several options on different types of insurance plans from leading providers in Richmond Hill, Ontario.
- Guaranteed the lowest insurance plan rates – When you choose to work with our insurance brokers at Canadian LIC, you can rest assured that you will end up saving a lot of money, as we will help identify the best policy rates that will drastically lower your premium.
- Committed insurance brokers –Our insurance brokers at Canadian LIC know exactly the challenges and wants of their clients by offering them a bespoke service. Additionally, we also help customers with their insurance claims or any other queries they may have.
- Our insurance brokers in Richmond Hill are devoted to looking after your needs – The needs of our customers are important. Our independent insurance brokers are highly dedicated to helping customers make the right decision. They know clearly to make the right choice, they have to build a strong reputation.
- Built up-up a solid reputation with several insurance companies –At Canadian LIC, we work with various insurance companies in Richmond Hill to get the best and lowest rates for our customers, thereby building a strong reputation.
Schedule an appointment with the trusted insurance brokers in Richmond Hill now!
You can count on our licensed and experienced insurance brokers in Richmond Hill to help with all your insurance needs. In the insurance industry, we stay updated on new market trends to help serve our customers better. With expertise, our insurance brokers can help you save hundreds of dollars and find the best rate. Additionally, we offer a range of options and compare several quotes from leading insurance companies in Richmond Hill, including finding lower premiums to help you make the right choice. To schedule an appointment or to request a free, no-obligation quote, contact our team at Canadian LIC today.
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Get the best Insurance Quote from Canadian L.I.C
Call 1 844-542-4678 to speak to our advisors.
