Canadians encouraged to check home insurance coverage on National Insurance Awareness Day Français
TORONTO, June 26, 2025 /CNW/ - June 28 marks the third annual National Insurance Awareness Day in Canada, which is recognized by the Canadian Insurance Services Regulatory Organizations (CISRO), a national coalition of insurance regulators. On this day, Canadians are encouraged to take time to review their insurance policies and engage in dialogue with their licensed insurance professionals to ensure they have the right coverage for their homes and property.
Insurance provides security by helping people in recovering from losses caused by events such as damage, illness, or death. However, many people underestimate the value of their personal belongings, property, or the cost to rebuild their home when filing an insurance claim. Therefore, it is crucial to ensure that your home insurance coverage is adequate to fully protect your property.
"With National Insurance Awareness Day on June 28, Canadians are reminded to review their insurance policies periodically throughout the year to remain up to date. Do they have sufficient coverage to support their resilient recovery if a loss occurs?" says Louise Gauthier, CISRO Chair. "Our goal is for every Canadian to feel well protected. That's why we encourage everyone to use this opportunity to review their insurance coverage."
Considerations when reviewing or buying home insurance policies:
Have there been any lifestyle changes that might require a review of your insurance policy?
Has there been a change in value, a sale, or accumulation of items since the last time you looked at your policy?
Has there been any work (e.g. finishing the basement) or economic realities that could lead to an increase in the cost to rebuild or replace your property (for example, current replacements or rebuilding costs)?
The sale of insurance is regulated in Canada. Insurance salespersons, agents, brokers, and adjusters must be licensed to conduct insurance business. A licensed insurance professional can provide you with expertise and advice to ensure you have risk protection for what matters most.
You can make sure you are dealing with a licensed salesperson, agent, broker, agency or firm by looking up their name and licence status on your local provincial or territorial regulator's website.
About CISRO
The Canadian Insurance Services Regulatory Organizations is a forum of Canadian regulatory authorities who are dedicated to consistent qualifications and conduct of business standards for insurance intermediaries. CISRO members collaborate on initiatives that support a consistent approach to consumer protection through the regulation of insurance intermediaries.
A complete list of CISRO member organizations can be found at https://www.cisro-ocra.com/ListofCISROmembers.
Media Contact:
Ashley Legassic
(For English media - Toronto)
416-226-7762
Sylvain Théberge
(For French media - Montréal)
514-940-2176
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
43 minutes ago
- Winnipeg Free Press
Under the finfluence
Opinion Alyssa Davies knows when a social media post has struck a chord with her tens of thousands of followers: the DMs (direct messages) pour in. 'Every week, people pour their hearts out over what they're going through financially,' says the 34-year-old financial influencer (or finfluencer), who has been writing about money for a decade on her blog Mixed Up Money. Davies finds she blogs less these days and posts more on multiple social media platforms, including TikTok, though her wheelhouse is Instagram, where she posts short videos about personal experiences with life and money. Her first-person narrative about money challenges and successes are what draws followers. It's not a unique formula and the insights can be quite banal (like allowing yourself some treat spending occasionally, even when you're trying to stick to a budget). Yet the intimacy of these financial insights are why hundreds if not thousands of finfluencers are captivating potentially millions of Canadian consumers. A recent survey of 1,000 Canadians by Tangerine Bank — looking only at TikTok (or 'FinTok,' the hashtag for users seeking financial advice) — point to finfluencers' growing impact, finding nearly nine in 10 using the platform believe it improved their financial literacy. In following finfluencers, 61 per cent note their posts helped them build at least $500 more wealth. The report ('#FinTok: the good, bad and straight-up wrong') found while the experience is mostly good, nearly one in four report following bad advice — most often related to investing. Among those individuals, more than 40 per cent lost more than $500. The report also illustrates how a new generation of consumers and investors are getting financial advice much like they consume other goods and services — for better and for worse, says Lora Paglia, chief operating officer at Tangerine. 'People want everything at their fingertips … from food deliveries to financial advice,' he says. '(Yet) not all advice is created equal and everyone has a unique financial situation.' Cautions aside, social media platforms — from TikTok to YouTube to Reddit to Instagram — are catching on because young consumers, especially, can learn about an intimidating topic in an approachable way, he adds. Finfluencers put the 'personal' in personal finance, and regulators like the Ontario Securities Commission are trying to understand their full impact. It recently published a report called 'Social Media and Retail Investing: the Rise of Finfluencers,' surveying 655 investors. Among its findings are 91 per cent of respondents are active social media users. Notably, 35 per cent of those respondents state making financial decisions based on finfluencer content. That more than one-third of Canadian investors could be following advice from largely unregulated financial content providers is concerning, says Meera Paleja, head of research and behavioural insights at the OSC. 'Their level of knowledge can vary greatly.' Finfluencers range from social media-savvy licensed advisers to those with no professional background in finance at all. Theresa Ebden, vice-president of the investor office at the OSC, notes the latter group can further be distinguished into two sub-groups: those posting content about money and investing who aren't being paid to promote a product; and those who are paid by a third party to promote a financial product. The latter group is of most concern to regulators, she adds. What's more, the OSC has reason to be concerned, given the findings of the second part of its study. It involved experiments with investors to determine finfluencers' impact and found respondents exposed to finfluencers' advice were more than three times as likely to purchase an investment mentioned in posts than those who were not exposed. 'Just seeing an investment talked about on social media dramatically increases the chance people will purchase it,' Paleja says. In the real world, the OSC is seeing the potential impacts, receiving more complaints about finfluencers — though most involve cryptocurrency, Ebden says. In contrast, at FAIR Canada (Canadian Foundation for the Advancement of Investor Rights), complaints about finfluencers have yet to arise. That doesn't mean it isn't a concern, says Jean-Paul Bureaud, executive director of FAIR Canada. 'The research (including the Tangerine study) generally shows that investors following finfluencers may be losing small amounts … so maybe they don't feel it's worth reporting.' Yet he can see how it can be potentially problematic, given finfluencers' unique and growing appeal. 'People like feeling part of a community, having peer-to-peer interactions and learning from others who have been through the same challenges.' Like any other financial literacy resource, finfluencer content can be 'a double-edged sword,' with the dangerous edge being those paid to promote products that may not be in consumers' best interest, Bureaud adds. The OSC study, however, did find potential solutions to better protect consumers. 'The greatest impact in the experiment was inoculation,' says Paleja. Like vaccines introducing a harmless piece of a virus to an immune system to recognize and fight off the real virus in the future, inoculation for investors involves introducing 'a weakened form of the misinformation they might encounter' on social media, she explains. Davies, who is completing her master's degree in financial psychology, offers some inoculation of her own, noting content consumers should be skeptical of any advice encountered online and they need to further confirm its veracity elsewhere before applying it to their own lives. Wednesdays A weekly dispatch from the head of the Free Press newsroom. Indeed, most followers she engages with don't blindly follow finfluencers. Rather, they see them as an entry point to learning more about subject matter they find intimidating, giving them confidence to learn more so they can make better money decisions. 'It's not about giving people perfect advice,' Davies says. 'It's really about helping them feel less alone on their financial journey.' Joel Schlesinger is a Winnipeg-based freelance journalist joelschles@
Cision Canada
2 hours ago
- Cision Canada
AOFAR Officially Launches GX6: The Top Budget Rechargeable Golf Rangefinder for 2025
NEW YORK, June 28, 2025 /CNW/ -- AOFAR today announced the release of the GX6 Golf Rangefinder, a leading choice for golfers seeking the best rechargeable golf rangefinder. The GX6 offers slope-adjusted distance, ultra-fast 0.02-second flag lock, a powerful magnetic cart mount, and modern USB-C rechargeable power, bringing high-end features to budget-conscious players. Weighing only 162g, the GX6 is one of the lightest golf rangefinders in its class, providing a comfortable and intuitive experience on the course. Its advanced optics deliver crisp visuals at 7× magnification with slope mode that can be toggled for tournament play. The built-in N52-grade magnetic mount allows golfers to securely attach the device to carts or clubs for fast, convenient access. The GX6's USB-C rechargeable battery delivers up to 12,000 distance measurements on a single charge, offering superior convenience and cost-efficiency compared to traditional battery-powered rangefinders. It's a 0.02-second flag lock with vibration feedback that ensures quick, accurate yardages, a must-have for faster-paced rounds. "The GX6 delivers exceptional value for golfers looking to upgrade their gear in 2025," said an AOFAR CEO, Mr Ding. "It combines speed, lightweight design, rechargeable convenience, and tournament-ready accuracy — all for under $70. It's ideal for casual golfers, beginners, or anyone moving up from older battery-powered models." Priced at just $69, the AOFAR GX6 Rechargeable Golf Rangefinder is now available on Amazon US and About AOFAR
Calgary Herald
2 hours ago
- Calgary Herald
Bell: 'It's lunacy' — Alberta pushes Carney to drop Liberal electric vehicle fantasy
'It's lunacy. Straight-up lunacy.' Article content The words come from Devin Dreeshen, the Alberta government's point man on transportation. Article content Article content He has nothing against electric vehicles, EVs for short. You want one, buy one. Article content He just doesn't think the government in Ottawa should be ramming the purchase of them down people's throats. Article content Article content Oh, the Liberals. Oh, how they like to tell us how to live. Article content Article content Within ten years, all new vehicles must be electric. Article content Dreeshen has plenty to say. On Friday, he fired off a letter to Chrystia Freeland, Prime Minister Mark Carney's minister of transport. Article content Freeland was in Calgary this week and, as my last column pointed out, she said the Carney Liberals love Alberta. Article content We will see how that works out and we will get to that letter in a minute. Article content 'The reason why the Liberals don't reverse this policy is unfathomable. I just don't understand it.' says Dreeshen. Article content 'For ridiculous things like this, where's there is no obvious logic behind it, I think it would have to be just pure partisan Liberal politics where they think this somehow appeals to their base, where they can score political points with their base. Article content Article content 'But it damages and it hurts Canadians and that's where the Liberals, I hope, would be able to look past their partisanship to do what's right for the country.' Article content The Smith government transportation minister speaks of freedom of choice for people 'to buy a vehicle they actually want versus the government forcing them to buy a vehicle they don't want.' Article content Article content 'It's a little unnerving they haven't reversed this policy,' he says. Article content What's the problem? Article content Dumping the policy is easy. Just announce it. Article content Low-hanging fruit, no heavy-lifting, a gift from the political gods.
