Insurance helps protect your health, money, and belongings 

You may already be covered without knowing

Canada uses a mix of public and private insurance

All Canadian citizens and permanent residents are covered by provincial/territorial health plans that cover basic healthcare services

Private health insurance, dental plans, auto insurance, tenant insurance, home insurance, and life insurance must be covered by an individual or their workplace/school if wanted 

Premiums: payments that keep policies active

Deductibles: payments required apart from what is covered by insurance

Coverage limits: how much the insurer is willing to cover

Why it matters:

• prevents financial disasters

• provides financial security and peace of mind

Insurance is all about being prepared