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Alberta Insurance

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Alberta Insurance

Get a Quote

Leading Insurance Brokers Serving Alberta 

Finding the right fit for your insurance solutions is easiest done with the help of an insurance broker. In Alberta, Sharp Insurance helps policyholders living in the province find personal and business insurance solutions.

Is It Required to have Insurance in Alberta?

Mandatory insurance in Alberta is typically only required for vehicles and in certain circumstances for commercial insurance.

Home and tenant insurance are not required by law. However, as is the case with home insurance, the purchase of coverage may be necessary to have a mortgage approved. Tenant insurance may also be required in a lease.

Basic auto insurance in Alberta, however, is required by law, and failing to have it can result in significant fines. Failing to pay those fines could lead to jail time.

Recreational vehicle insurance is like automobile insurance for motorized vehicles and vehicles that are driven on public roadways. RV insurance must also comply with Alberta’s official recreational vehicle towing guide.

What’s Covered by Insurance in Alberta?

If you own a vehicle and regularly drive it, it’s mandatory to carry basic auto insurance. Driving without car insurance in Alberta could result in serious penalties.

The basic coverage should include third-party liability insurance, accident benefits insurance, and direct compensation for property damage.

There are also additional auto insurance coverage options in Alberta that are important, such as comprehensive coverage, collision coverage, and glass coverage. One of our skilled insurance brokers will speak to you about each one.

Our experienced Sharp auto insurance brokers can offer you the best coverage options and affordable car insurance quotes in Alberta.

To learn more, give us a call or click here to get a free quote!

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Home, Condo and Tenant Insurance in Alberta

There are several levels of home insurance which cover the home’s contents and structure that you can choose from in Alberta. Basic home insurance covers perils that you choose to include in the policy, and it’s considered the most affordable, yet most limited option.

Another level of coverage is broad home insurance coverage, which covers contents and home structure. Comprehensive coverage includes nearly all risks, while no-frills home coverage is specifically for properties that have certain issues or challenges.

There are several more levels of home insurance coverage that you can include in your policy. Sharp’s brokers will be happy to discuss this with you.

As for tenant insurance, it covers personal properties inside the unit, personal liability for accidents that happen in the unit and additional living expenses to pay for alternate residence while your unit is being fixed.

Finally, condo insurance covers personal property, loss assessments, personal liability, upgrades, improvements and additional living expenses.

The good news is that Sharp Insurance brokers offer quotes for home, tenant and condo insurance, and have the knowledge and experience to answer all your questions. Get a quote today!

 

Recreational Vehicle Insurance in Alberta

You are legally required to have recreational vehicle (RV) insurance in Alberta. RV insurance should contain the same mandatory coverage as an auto policy.

RV insurance in Alberta covers third-party liability, premise liability when parked, emergency vacation expenses, accident benefits, roadside assistance for trailers and direct compensation for property damage.

Sharp Insurance works with some of the best RV insurance companies in Alberta. Contact us and get a quote now.

 

Commercial and Small Business Insurance in Alberta

While business insurance is not legally required, businesses in Alberta, whether big or small, need to protect their assets and interests with commercial insurance and small business insurance.

Business insurance in Alberta includes commercial general liability, professional liability insurance, commercial property insurance, commercial auto insurance, product liability insurance, directors’ and officers’ insurance and cyber insurance.

You do not have to include all these coverages in your business insurance policy, but it’s worth looking at the benefits of each to assess their individual value. Contact one of our expert insurance brokers to find out which coverages your business needs the most.

 

Travel Insurance in Alberta

Even though your medical insurance is valid anywhere in Canada, and some medical expenses can be claimed once you return from travelling abroad, there are still some medical costs that are not covered.

That is why getting travel insurance is beneficial since it can cover things like trip cancellation and interruption, emergency medical insurance including repatriation, flight and travel accidents insurance and baggage loss or damage.

 

Event Liability in Alberta

Event liability insurance is for when you are hosting a big event such as a wedding, conference or fundraising event in a certain venue and you want to protect yourself from any related risks.

This insurance covers personal, professional and public events with protection in case the venue or property is damaged, and if any guests become injured during the event.

How to Get a Free Online Insurance Quote in Alberta

At Sharp Insurance, we offer free online insurance quotes for Alberta residents. To get a free online quote, keep this in mind:

  • The more information we have, the more accurate your quote — and the more likely we can find ways to save you money.
  • You can request an insurance quote online or by phone.
  • We will get you quotes from several different insurance companies in Alberta.
  • Apply online today and get a quote in minutes!

FAQs: Alberta Insurance

You might have heard that insurance rates in Alberta have significantly increased lately, especially auto insurance.

However, when it comes to determining the exact cost of insurance in Alberta, there is no one answer.

There are several factors that go into how insurance rates in Alberta are calculated.

Some of these factors include age, credit score, employment details, insurance history, place of residence as well as your policy limit and premium amount paid each month.

Other factors are specific to the type of insurance. For example, your auto insurance rate will depend on the make and model of the car and your driving record, while your home insurance rate considers the location and building material of the property.

Since insurance is all about risk, the fewer risk factors you have, the more you can save on your insurance policy.

That is why the best way to get cheap insurance in Alberta is to manage risks whether for your home, car or business.

Things like installing security systems can go a long way in saving money on insurance in Alberta.

Another hack that can save money on insurance is to bundle policies together as much as possible.