Foire aux questions

Frequently asked questions about claims and insurance

Why use a broker’s services rather than contacting an insurer directly?

The insurance broker has a network of several insurance companies, which allows them to offer you coverage that perfectly meets your needs. Additionally, the broker represents you with the insurance company; they take care to protect your interests, especially in the case of a complaint. Finally, it is easier and more efficient for you to maintain contact with the same person that is familiar with your situation and all of your needs.

Who should I contact if an incident occurs?

If you happen to be the victim of an incident that could require a claim, please contact our claims assistance department immediately at 514-316-7718. This service is included with your policy at Magnat Ravary Assurances; it will surely prove to be of great benefit to you in the event of a claim.

How long does an insurance contract last?

Generally speaking, insurance policies are registered for a one-year term and renew automatically, unless you, your broker or the insurer chooses to make changes. Please be aware that terminating an insurance contract before expiry may result in cancellation fees, which are indicated in the termination clause within the official documents of your insurance policy.

I just got insured; when will I receive my proof of insurance?

It usually takes 15 to 25 business days to receive your documents. If this deadline isn’t met, contact your broker. But rest assured, your coverage will be applied as soon as you sign the contract.

Category : Vehicles

Auto insurance: what you need to know

Here are some little-known facts about auto insurance.

Did you know…?

  • Companies that lease vehicles long-term may have specific requirements regarding the extent of the coverage.
  • Some insurers may have their own conditions. For example, you may be required to have an anti-theft device installed or anti-theft marking (alphanumeric code etched into the vehicle’s main components).
  • Insurers take several factors into account when calculating auto insurance premiums. These include, but are not limited to: the value of the vehicle, the cost of the replacement parts, the distance travelled to get to work, the driver’s age, gender and civil status (among other things), the vehicle’s use, the driver’s place of residence, their driving record, the number of claims they have made and the coverage chosen.
  • Failing to notify your insurer that someone occasionally drives your vehicle (occasional driver) could jeopardize your indemnification.
  • After a loss, you must wait for your insurance company's authorization before having the vehicle repaired.
  • You should inform your broker of any changes that could affect the risk (e.g. a ticket).
  • Any property stolen from your car (camera, laptop, coat, etc.) is covered by your home insurance.

I was involved in a collision, but the responsibility lays with the other driver; will his insurer pay for my vehicle damage?

No. Each insurer is responsible for the compensation of their policyholders in regards to property damage in a collision. If you are not deemed innocent, your insurer will compensate you for all damage; if you are responsible, your insurer will compensate you in accordance with the protections outlined in your contract, with applicable deductions.

I am responsible for a slight collision and I decide to cover the vehicle repair costs myself; would I still have to inform my broker or my insurer?

All automobile insurers in Quebec have access to the Central Automobile Sinister File. Therefore, it is always recommended to inform us of any collision, regardless how small, even if you do not submit a claim.

For how long does a vehicle accident claim last on my file?

Whether or not you were responsible for the collision, the claim will remain registered in the central automobile claims file for 6 years.

If I lend my vehicle to one of my children, are they covered by my insurance?

If another person uses your vehicle, regularly or occasionally, you must notify us as soon as possible. You may need to include this person in your contract in order to avoid a denied claim or incomplete compensation.

If I rent a car for a short period, does my vehicle insurance cover any damage it might suffer?

Yes, if you have chosen to add FAQ27 to your insurance policy, covering any damage to vehicles not belonging to the insured. Keep in mind that this option will generally cost you less than the insurance offered by the owner.

If I rent a small truck and ask my brother-in-law to drive it, is it covered by the FAQ27?

To avoid any issues, contact us first. We will inform you of the protections covered by your contract and offer you the necessary adjustments if required.

If I use my vehicle to tow a trailer, is it covered by my insurance contract?

If you plan to tow a trailer using your vehicle, let us know first. We can work with you to assess the coverage you may need.

If I lend my car to a friend, will my vehicle insurance be valid while he is driving?

Before lending your vehicle to any third party (a member of your family or a friend), regularly or occasionally, contact your broker. We will provide you with all the relevant information relating to your coverage and suggest any necessary changes.

I was the victim of a hit and run; do I still have to pay the deductible?

Unfortunately, In this case, you will be held responsible for the claim as we won’t be able to establish your level of liability or identify the other party. If you happen to fall victim to this circumstance, contact us right away and we will advise you whether you have to pay the deductible or not.

My vehicle was damaged when I ran over a pothole; are these damages covered?

If your insurance policy includes collision protection, you will be compensated. This incident will be treated as a collision that you were responsible for.

Must we always pay a deductible after an automobile collision?

No. In the majority of cases, the deductible will not apply if you are not found guilty for the collision.

What factors mainly influence the cost of a vehicle insurance policy?

The following elements are taken into consideration: your driver’s record, your accident file (FCSA), the type of vehicle, your age, your insurance experience and the location.

Category : Housing

Home insurance: practical tips

Here are some ways you can reduce your premium as much as possible and avoid problems in the event of a claim.

  • You can raise your deductible to lower the cost of your home insurance premium.
  • If your home has an oil heating system, be sure that you have oil tank coverage to be protected in the event that it cracks.
  • Don't forget to tell your broker if you are self-employed and working from home.
  • If you are going on a trip (especially in winter), ask a friend or family member to check on your heating system, or shut off your water and drain your pipes before you go. Otherwise, you may not be compensated in the event of damage caused by frozen pipes.
  • If applicable, have an outdoor pool endorsement (also called a rider) added to cover your pool, spa and/or sauna.
  • Are you building your own home? Take out builder's risk insurance to have civil liability for all volunteers on the construction site. Your house will generally be covered by this policy’s usual warranties.
  • Be sure to notify your insurer without delay if you make significant leasehold improvements or do major renovations.

What does home insurance not cover?

Some damages may not be covered by your home insurance. This includes damage caused by natural disasters (such as a landslide), and the damage caused by war, terrorism or a nuclear disaster. Additional coverage can be added by purchasing endorsements for risks like flooding, earthquakes, ground water and sewer backup.

It should also be noted that insurers cannot insure illegally acquired property or the risk of damage caused by a criminal act committed by the person insured under the home insurance policy.

It is important to always be honest with your insurance broker to avoid any inconveniences in the event of a claim.

What does home insurance cover?

Your home insurance policy will generally cover theft, fire, vandalism, damaged caused by water, strong winds, lightning, hail, an explosion, smoke, a water leak, flooding from a water main break, a riot, or an object falling on your home.

Several other risks may be covered by your policy, depending on the one you choose. Also, other risks can be covered by adding an endorsement. This is one of the many reasons why it’s important to do business with an experienced broker.

Your home insurance will also include civil liability insurance. This protects you in the event of material damage or bodily harm that you may cause to others. For example, if nearby homes are damaged by an accidental fire that originated in your home, your insurer will indemnify your neighbours if you have civil liability insurance.

Is home insurance mandatory?

Unlike auto insurance, home insurance is not mandatory in Quebec.

However, getting your home or apartment insured allows you to receive financial assistance in the event of damage.

What is the purpose of tenant insurance?

As a tenant, you are responsible for protecting your leased property and yourself in the event of a lawsuit or fire. If you have caused a fire unintentionally, your tenant insurance policy and liability coverage will bear the costs. Your liability insurance will also protect you in the event of a lawsuit for any damages caused to a third party.

As a tenant, are my goods covered by my landlord's insurance?

No. A homeowner's insurance covers the building, from the foundation to the roof, as well as any property belonging to the landlord. Therefore, you must obtain a tenant’s insurance to cover your own property.

I have installed a swimming pool on my property; is it covered by my basic home insurance policy?

In most cases, an in-ground or above-ground swimming pool, spa or sauna are not covered by the basic home insurance policy. You will require additional protection to properly protect all related equipment, accessories and patios attached to your above-ground or in-ground pool, spa or sauna.

I live near a body of water. Am I covered in case of inundations?

No. The basic all-risk contract does not cover the event of natural inundation. However, some insurers offer this protection based on eligibility criteria. Check with your broker.

How do I determine the right amount of insurance for my property?

The best way to do this, is to use a professional appraiser’s services in order to properly assess the cost of rebuilding your home. However, your broker can help you determine the rate, using the pricing chart recognized by your insurer.

How do I determine the right llimit of insurance for my personal property?

The best way to do this, is to make an inventory of all your assets, establishing the coverage that you require. That said, generally speaking, you can count from $5,000 to $7,000 of mobile property per room. You can calculate the rest based on these figures.

When is it necessary to quickly contact my broker about my home insurance?

When you’re moving, renovating or repairing your home, or if you find that the value of your movable property exceeds the limits listed in your policy.

In case my property burns down, how can I prove its value to my insurer?

The best way is to take the time to photograph each room, clearly displaying what's inside. This way, if you happen to be the victim of fire or theft, you can easily prove your ownership of these assets. For items of value, we strongly recommend keeping a record of invoices. You can never be too cautious!

Category: Business

How do I choose insurance for my business?

Here are some tips to use before signing an insurance policy to protect your business.

  • Take the time to talk with your insurance representative. The more they know about your business, the better they will be able to advise you. This way, you will also avoid paying for coverage you don't need.
  • Regularly check if the amounts listed in your policy are still suitable. Stay vigilant: as your business grows, your coverage may no longer be sufficient. Your insurance needs to evolve with your business!
  • Don't just compare prices. A less expensive policy will not necessarily offer the same coverage. Be sure to check the insurer's payment history (its financial stability and reputation) and the quality of the service your broker provides.
  • Keep your old insurance policies because some civil liability claims can be made several years later. In the event of a claim, remember to check if your previous policies covered the risk at the time.

What coverage is available for businesses?

There are several protections available for businesses, but here is a brief overview of the main ones on the market:

  • Buildings
  • Materials
  • Goods
  • Contents
  • Contractor materials
  • Computer equipment
  • Goods in transit (cargo)
  • Sewer backup
  • Earthquakes
  • Floods
  • Actual loss sustained
  • Loss of rent
  • Equipment breakdown
  • Civil liability
  • Errors and omissions

Several endorsements can also be added, such as replacement cost, protection against inflation, earthquakes, floods, statutory conditions and others.

How to reduce the cost of your business insurance?

Business insurance premiums are calculated based on the type of business, its specific needs and its associated risks.

Since the amount can vary considerably from one insurer to another, it is preferable to work with a broker who specializes in business insurance. They’ll be able to better advise you.

What is the proportional rule and how is it applied?

This clause is found in most business insurance contracts. It specifies that the chosen insurance limit for the business and its contents must respect a certain percentage (80% to 90%) of the cost of reconstruction or the cost of replacing its contents, in order to satisfy the settlement of a partial loss.

What is business insurance?

Business insurance covers a wide range of policy options focused on protecting businesses from financial loss. Business operations have their own unique set of risks, which require a commercial insurance policy tailored to its business model.

From the size of the company to the number of workers employed, the materials they handle, and whether you own commercial vehicles, these factors will determine the best coverage you need to mitigate risk and protect the company’s finances. Business owners, in most cases, find that they must turn to different insurance companies to get all the coverage necessary to cover their risks. If you work with an insurance broker, you can get all your business insurance policies handled in one place.

How can we get business insurance?

There are many ways to purchase business insurance, from shopping online to calling different insurance company representatives. However, business insurance policies differ greatly from one company to another, as well as the cost of premiums. Hence, we recommend talking with an insurance broker who will find rates from the best-suited insurance companies to get you the best available quote. An insurance broker has access to the leading insurance companies, which means they can adapt your commercial insurance policy and fulfill all your business insurance needs from one place.

How much does business insurance cost?

The cost for business insurance varies based on the policies you contracted and the limits of its coverage. Your industry, how many employees you have, your revenue size, and your location are all factors that influence the price. Small, low-risk businesses pay less for insurance than larger companies.

What is covered by business insurance?

No insurance policy covers everything. Normally, there are two main areas of coverage:

• Commercial property insurance that pays for repairs or replacement of damaged or stolen business property. It also covers the building if the company owns it.
• Business liability insurance that covers incidents in which someone holds the business responsible for damages, injury, or loss.

What type of business insurance do I need?

Based on the nature of your business, its operations, and any insurance that the company is legally obligated to have, these are the types of business insurance that should be considered vital:

• General liability insurance: Coverage for accidents, negligence, and injuries claims.
• Product liability insurance: Coverage for product defects.
• Professional liability insurance: Professionals are covered for malpractice, negligence, or errors.
• Commercial property insurance: Coverage for damages to your business property, like a serious storm or a fire.
• Business interruption insurance: Protection for your company if it is no longer able to conduct its business operations because of a loss.

Many businesses need unique coverage for special equipment, shipping, and other risks. Because commercial insurance needs to be tailored to each business based on its risks, it is critical to work with an insurance broker, who will get to understand your company’s needs and ensure that you get the coverage effectively protecting your business, its investment and continued operation.


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