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The Ontario Government is in the process of changing auto insurance once again.  This change is going to reduce your coverage considerably compared to existing auto insurance policies.  The reason for the change is in an effort to reduce the fraud in connection with accident benefits and effectively reduce the cost of auto insurance in general.  Somewhere along the line the Ontario auto policy has become an income replacement and rehabilitative care insurance document instead of simply car insurance.  The incoming changes are going to leave several clients in a very precarious situation in the event they do not stand alone income replacement coverage.  IT IS EXTREMELY IMPORTANT THAT YOU SEEK PROFESSIONAL ADVICE ABOUT BOTH YOUR AUTO INSURANCE OPTIONS AS WELL AS YOUR INCOME REPLACEMENT OPTIONS.

Most of the direct channel insurers as well as the banks that participate in the home and auto insurance segment are pretty nervous about these changes.  Their business models are designed to have little or no interaction with their clients and claim to be passing savings onto their customers but not employing adequate licensed staff capable of offering unbiased professional advice.  Please feel free to contact any of our licensed staff in order to arrange for a no obligation review and quote of your home and auto insurance needs.  For your convenience we have also designed our web infrastructure to provide you with real-time quotes 24/7.   Visit www.palladiuminsurance.ca and click on the “get a quote” tab.  You can have the convenience of a 24/7 quoting engine along with the professional advice of a licensed broker who works on your behalf at Palladium.

-Palladium Team

On June 23rd Eastern Ontario had an earthquake. The quake lasted only seconds but did cause some minor damages to buildings and property. Most homeowners insurance contracts specifically EXCLUDE earthquake as an insured peril. However, coverage is available through a number of carriers. For an additional premium charged on the dwelling (building) and contents you can insure that you will have coverage in the event your home is damaged by a quake. The deductible for earthquake coverage depends on the insurance carrier but is normally 1 or 2 percent of the building limit.

Ottawa is in a table 2 fault line and some insurers have actually pulled the coverage for that reason. If you live in Ottawa and frequent the 417 then you will see the fault line heading west on the 417 up the hill towards Kanata from Moodie drive. The rock cut to the right and left is in fact the fault line. Consider insuring your home for earthquake coverage- remember, your home insurance isn’t just a bill to pay. Ask your broker about the cost or availability of earthquake insurance today.

Earthquake insurance is also available for commercial buildings. Coverage can be included with flood insurance on commercial buildings where available for an additional premium.

Today’s quake was the largest in over 100 years. In the late 50′s the St. Lawrence seaway near Cornwall had a 6 or 7 Richter quake. Some older stone buildings fell down and nobody was injured.

For most people their home is their biggest investment. Consider an insurance provider that can recommend the necessary coverages available. Remember, at Palladium we work for our clients NOT an insurance company.

-Palladium Team.

On Thursday June 3, 2010 Palladium Insurance hosted a BBQ for our business partners at The Dominion of Canada General Insurance Company. Representatives from personal lines underwriting, commercial lines underwriting,  claims, and management departments all enjoyed a relaxing afternoon filled with food, beverages, and a tour of our new location.

We would like say thank you to Dominion of Canada for meeting with us, and sharing some of their industry knowledge.  Too often brokers and their company partners are too busy to get together for some “face time”, however at Palladium Insurance we always feel it is an important way to build and strengthen relationships,  as well as to discuss triumps and challenges of the industry.

Just a quick reminder that Palladium Insurance is now open on Saturdays from 9am till 1pm, so if this weekend is filled with rain, why not call us for a quick quote.

Thank you.

-Palladium Team

We not only insure homes and cars, we can offer you competative quotes on your cottage, boat and motorcycle.  Make your “spring cleaning” include calling for a quote for insurance on what you enjoy most about summer!!

-Palladium Team

Welcome to Palladium Insurance.

We have just launched our new and improved website. We will be updating our blogs often with industry information, upcoming events and even answering/addressing some frequently asked questions.  Enjoy our site and feel free to call any of our team if we can provide information, advise or a quotation.

-Palladium Team