Vehicle Insurance

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Accident Benefits Questionaire

Car

If you operate a car in Ontario, you are required to carry: Third Party Liability, Statutory Accident Benefits, and Direct Compensation/Property Damage (DCPD).  Optionally, you can increase your Statutory Accident Benefits, add Specified Perils, Collision or Upset, and Comprehensive.

When you speak to a SurNet broker, you should discuss all of your insurance needs as bundling products together will save you money.

Motorcycle

Like a vehicle, motorcycles that are used to drive on the roads in Ontario must be properly insured.  Not as many insurers offer coverage for motorcycles, but of those that do, most offer considerable discounts when bundling home and auto together with the motorcycle.  Since a motorcycle is covered under the same type of policy as a car, mandatory and optional coverages do not vary.

Snowmobile

Since snowmobiles are required to be licensed in Ontario, they must also be insured.  Coverages available are offered under a standard auto policy and quite often can be added to an existing one.  Check with your broker to make sure the insurer you are with for your car can also offer coverage for your snowmobile.  Not all insures will offer this coverage which can be significantly discounted when bundled with your home and auto policies.

Off-Road Vehicles

Off-road vehicles can two, four or more wheels and are intended for recreational use. These vehicles include moto-cross bikes and four-wheel all-terrain vehicles, which are normally driven on trails and off road.

To drive an off-road vehicle, you must have at a minimum, a valid G2/M2 or greater driver’s licence unless you are driving on your private property. If you plan to drive the vehicle anywhere other than on the private property of the vehicle’s owner, you must also have the same mandatory insurance coverage as car.

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Personal Auto Commission Disclosure

As your Independent Insurance Broker, we purchase insurance products and services on your behalf that are available, affordable, and understandable.

Our role is to provide you with the best insurance value that combines coverage, service, and price. We also provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance and claims support. When any issue arises regarding your insurance coverage, we are your advocates, using our professional experience to best represent your individual interest.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below Automobile Insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.

  • Aviva* – 13.5%
  • Commonwell* – 12.5%
  • Dufferin Mutual* – 10%
  • Facility – Capped at $250.00
  • Intact Insurance* – 12.5%
  • Jevco Insurance – 5% – 18%
  • Optimum Insurance* – 10% – 12.5%
  • Pafco Insurance* – 10% – 12.5%
  • Perth Insurance* – 10% – 12.5%
  • Travelers* – 12.5%

This commission percentage is paid annually for both new business and renewals unless otherwise specified.

Should there be an increase in the commission schedule we receive from your insurer, or, any other material change that affects compensation arrangements, we will notify you.

In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. The Insurers with an asterisk noted above recognize our efforts through a Contingent (Profit) Commission contract. Payment of this Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent (profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go to the individual company’s website.

Your Insurer will be providing you with a Consumer Code of Rights and Responsibilities, which will be forwarded to you with your new business policy. If you have any questions regarding this or any other aspect of your insurance please contact us.