Balanced Insurance for Everyday Life.
Lethbridge Insurance: What You Need To Know
Are you looking for more than a great price on your car and home insurance rates? Our insurance brokers in Lethbridge prove to you that value is just as important as price. Value means we go the extra mile when you need it; we don’t leave you shortchanged on your insurance coverage. We help protect your most precious items like they were ours.
What are the Different Types of Insurance in Lethbridge?
Whether you’re a first-time driver or you want a sound business insurance policy, our insurance brokers in Lethbridge will help you find a great insurance package. What we offer:
Lethbridge ATV Insurance
Lethbridge Boat Insurance
Lethbridge Car Insurance
Lethbridge Commercial Auto Insurance
Lethbridge Commercial General Liability Insurance
Lethbridge Commercial Insurance
Lethbridge Commercial Property Insurance
Lethbridge Condo Insurance
Lethbridge Construction Insurance
Lethbridge Directors & Officers Insurance
Lethbridge Event Liability Insurance
Lethbridge Home Insurance
Lethbridge Motorcycle Insurance
Lethbridge Motorhome Insurance
Lethbridge Professional Liability Insurance
Lethbridge Snowmobile Insurance
Lethbridge Trailer Insurance
Lethbridge Travel & Medical Insurance
Lethbridge High Risk Drivers Insurance
Lethbridge Young & New Driver Insurance
Lethbridge DUI Insurance
Is Insurance Mandatory in Lethbridge?
By law, Lethbridge motorists must buy a car insurance policy. Home insurance is also required by a lender or bank if a mortgage is required. All other types of insurance coverage depend on what level of protection you want. Most people don’t have enough money to pay to rebuild their homes or for major repairs.
How to Get Cheap Insurance in Lethbridge
You may not know but you can make simple changes to your insurance policy to save money. You could change your payment schedule to annual payments to decrease your premiums.
10 Tricks to Reduce your Rates
- Pay out of your own funds after a loss.
- Combine your car and house insurance policies.
- Omit comprehensive insurance – if you don’t need it.
- Push up your deductible if it’s affordable.
- Let your insurer know when you change to winter tires.
- Don’t stop your insurance coverage, even for a short period.
- Ride, walk or take transit to work.
- Discover the claim and crime rates in your neighborhood.
- Keep a sound credit score.
- Drive safe.
You don’t have to do the grunt work. We do the calling and research to get you the rates for your lifestyle and budget. Give us a call when you’re ready.
What insurance coverage do you need in Lethbridge?
Drivers in Lethbridge pay the lowest car insurance rates in the province (on average $925 per year) but rates in Alberta are higher than other provinces. Also, rates can be very different from your friends or neighbours’ rates because your insurer may calculate your premium differently.
What Type of Business Insurance Do I Need in Lethbridge?
As a business owner, you’ll want optimal protection for your assets, your property, and liability insurance and other coverage depending on everything from the industry type to the location of your business.
Business Insurance: Common Types
Professional Liability
This coverage assists you if you get sued.
Property Damage
This coverage protects you from losing money after a loss to your business property and items, including your furniture, computers, and other expensive items.
Commercial General Liability
If you unintentionally damage a visitor’s items or if they get hurt while visiting, this insurance coverage will provide financial help.
Equipment Breakdown
Unexpected accidents happen every day. This coverage helps you pay for replacements or repairs to your equipment.
Business Interruption
No one can predict when your business could close due to a covered loss. You’re protected with this type of insurance, which will help you pay for your personal possessions, staff salaries and your heating bills.
Cyber Liability
A cyber attack or data breach can happen anytime. Protect your information and have peace of mind.
Commercial Auto
This protection helps you pay for any damage to one or more vehicles used for work purposes.
What to Know Before Buying Insurance in Lethbridge
You already have a car insurance policy, but how about for your hobbies or travel insurance? You have limited time to search for the proper insurance type or rate options. Contact one of our friendly brokers to get the information you need.
What is a Loss Settlement Option?
A loss settlement option is a dollar amount that your insurance company agrees to pay you after an insured loss. When your policy is written, you select one of three options: replacement cost, agreed value or actual cash value.
Loss Settlement Options Defined:
Actual Cash Value
Often the most affordable option, this option is the item price based on today’s value. This is the replacement cost minus depreciation, up to your policy limits.
Replacement Cost
Replacement cost will cover the price you paid for the original item – up to your limits. This does not consider depreciation but you’ll receive more money back after a loss.
Agreed Value
Agreed value is the dollar amount your insurer honors after you incur an insured loss.
For all settlement options, you must pay your deductible towards the final cost of your claim. For example, if you have a hail damage claim for your home and choose a contractor (independent or assigned by your insurer), you will be reimbursed the payback amount minus your deductible.
Tip for Homeowners
Itemize your personal belongings in your home. It also helps to organize your receipts in an easy-access location.
Protection for everyday life.
Solid insurance protection for your home and hobbies
What is a Policy Limit?
A policy limit is the agreed amount that may be paid out after an insured loss to you or a third-party. For example, while the minimum third-party liability for car insurance is in the thousands of dollars, it’s often recommended to have up to $2 million in liability. The $2 million is your car insurance policy limit.
If you’re unsure what policy limits you need, contact one of our brokers in Lethbridge.
What Factors affect your insurance rates in Lethbridge?
As a policyholder, it’s important to know how and why your insurance history will impact your premium. One of the best ways to save on your insurance rates is to understand what variables can change your rates up or down. Here are 10 tips:
10 Factors that impact your Insurance Rates:
- Your claims history
- Your credit rating
- Your demographics
- Where you live
- Insurance options
- Your insurance history
- Loss settlement type
- Policy limits
- Coverage
- Deductible
So, how do you decide which insurance company is best for your lifestyle and wallet? We ease the headache and help you find your perfect match. Your life can change as time goes by; so do your insurance needs.
What are the Insurance Companies We Work With?
Over the last decade, Sharp has partnered with major insurance companies in Canada to give you accessible options and competitive insurance rates. Our partners include:
Why is Sharp Insurance the brokerage to work with?
You may think every insurer offers the same rates and benefits. But as an independent brokerage, our Lethbridge clients can compare rate options or have one of our expert brokers do it for them. Here’s why:
We work for you
We match your insurance wants with an insurer that has your best interests at heart.
We offer you choices
You can choose what coverage level you want at the best rates for your home and toys.
We shop around for you
Our brokers love to shop around for you, so you can get back to
business at home or on the road.
We give you digital choices
Forget about your messy glove compartment; pick up your phone to access your pink card or to make a claim.
We take good care of your needs
We want the same as you: to have the best possible rates and customer service.
How to Get a Free Online Insurance Quote in Lethbridge
We can say it with confidence – It’s Free to get a quote without spending an hour on the phone or filling out a long form. Give us a call or email us when it’s convenient for you.
3 Easy Steps to get a free online quote:
- Request an insurance quote online, by phone, or via email.
- Have your insurance information ready for a more accurate quote.
- Ask for quotes from several different insurance companies in Lethbridge.