Have you ever wondered what really happens behind the scenes?
At Paramount we are always learning more.
- Researching industry changes and how they affect your policy
- Looking for opportunities to provide you with the best coverage
- Educating and teaching you about risk management strategies
- Proactively working for you
Home Maintenance Tips for Fall
Insurance FAQs, Answered
Why do I Need Travel Insurance if my Credit Card has it?
We’ve provided forms in an easy to access format for your use.
What is the value of an independent broker?
As a member of the Insurance Brokers Association of Alberta, we represent multiple insurance companies rather than just one. The advantage is we can ensure the company we place you with, is the best one suited for you and your family’s immediate and future needs.
What is GRC?
GRC stands for Guaranteed Replacement Cost. Simply, it means the insurance company will guarantee the cost to replace your home or an item in the event of a loss, such as fire or theft.
Are damages to my vacation trailer automatically covered under my home or auto policy?
Liability does extend from the auto towing the trailer however you must carry a specific policy to cover the physical damages for your vacation, utility or flat deck trailer.
Is my windshield covered under my auto policy?
Windshield coverage can be included on an auto policy; however it is generally more costly than replacing the windshield itself. At Paramount, we suggest excluding windshield coverage under a form called an SEF 13d (which can be found on your policy documents). There are several reputable shops we can recommend to have rock chips repaired as soon as possible to avoid cracking.
What does collision cover?
Collision covers damages to your vehicle and will protect you; subject to your deductible, in the event of an accident where you are deemed at fault or in the event of a ‘hit & run’.
What does comprehensive cover?
Comprehensive; subject to your deductible, will cover the following 13 incidents:
- Impact with an animal
- Falling or Flying Objects
- Rising Water
- Malicious mischief
- Riot or Civil commotion
What are accident benefits? Do I need them and what do they cover?
Accident benefits cover expenses related to medical treatments, disability and death as a result of an accident and are required by law (along with liability coverage) on all motorized vehicle insurance policies in Alberta.
Is my quad, motorcycle or boat covered under my home policy while it is parked in my garage or shop?
No, all recreational vehicles require their own insurance policy or to be specifically listed on an existing insurance policy. Call us for more details.
Do you offer payment plans?
Paramount Insurance does not offer payment plans. However, most insurance companies we represent offer payment plan options which they base on each client’s individual payment history. Call us for more details on what is available to you and your family.
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