After an auto accident, how can you tell who is at-fault? Fault for an accident is determined by the Ontario Insurance Act and the Fault Determination Rules made under the Ontario Insurance Act. These may find you or the other driver fully or partially at-fault. Will my rates go up if I am not at-fault for the accident? No. Your rates will not go up if you are 100% not at-fault for the accident. This is referred to as a non-chargeable accident. However, if you are partially at-fault, it may affect your rating. What happens if I am in a single vehicle accident, for example, lost control on black ice? This loss would be covered under the collision section of your policy subject to a deductible and could affect your policy rating. What happens if I am in an accident and the other party is not insured? You would be covered under the Uninsured Automobile section of your policy, subject to a $ 300 deductible and a maximum value of $ 25,000. ( values over $ 25,000 are paid under the collision section of your policy. What are the consequences for driving without insurance? People who are convicted for driving without insurance will face significantly higher fines. For a first conviction, the minimum fine will be $ 5,000 and the maximum will be $ 25,000. For each subsequent conviction, the minimum fine will be $ 10,000 and the maximum will be $ 50,000 Does a burglar alarm in my home save me premium? Yes, however the discount varies depending on the type of alarm. There are non monitored alarms, 24 hour monitored alarms and the alarm can be monitored for burglary only or burglary and fire. Is Mortgage Life Insurance from a life insurance company different from that offered by the bank? Yes, and individual policy purchased from a life insurance company is owned by you and cannot be cancelled by the bank. What is Universal Life Insurance? Universal Life insurance is a life insurance policy as well as a tax sheltered savings vehicle that allows the owner to accumulate large investments on a tax deferred basis for future withdrawls. What is Critical Illness Insurance? Critical Illness Insurance provides a tax free lump sum payment to the owner, if living,  30 days after diagnosis of one of the covered critical illnesses. What is a Segregated Fund? Segregated Funds are like mutual funds, but with a life insurance security blanket. while markets go up and down your principal is safe.