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Insurance Broker Red Deer

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Insurance Broker Red Deer

Get a Quote

Get a Free Online Red Deer Insurance Quotes

Whether you own a small Red Deer-based business or have several properties to manage, you’ll want to shop around for competitive insurance rates. It pays to prepare yourself for the unexpected. We offer all types of options, from home, commercial auto, condo to RV insurance.

Is It Mandatory to get Insurance in Red Deer?‎

Whether you have a vehicle or home to finance, a lender or bank will ask you to see an updated insurance policy. For most other personal and business insurance, you can decide on the level of protection you want that meets your budget and your lifestyle.

What Insurance coverage do I need in Red Deer?

The type of insurance that you need depends on what you own and where you live. Do you rent or own your home? Do you have three cars in the family, or do you walk everywhere? We provide the tools to match your personal situation.

How to get the Best Business Insurance in Red Deer

The best way to get great business insurance in Red Deer is for business owners to stay current on what’s covered in a business policy, including the common types of insurance available.

What are the Common Types of Business Insurance in Red Deer?

You may have 20 employees or be the owner of a large company that requires business insurance. Whatever your size and business industry, you require adequate protection under several different circumstances. From a fire to a theft, with proper insurance coverage you’ll be protected. Let’s cover the basics below.

7 Types of Business Insurance:

Professional Liability

This coverage helps you if you get sued and provides you with financial assistance.

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 at your business, this insurance coverage will provide financial help.

Equipment Breakdown

Mechanical or electrical failures happen. This coverage helps you pay for repairs or replaces new equipment.

Business Interruption

If a flood causes your business to close, this coverage will help you pay for items, including staff salaries and the heating bills.

Cyber Liability

Cyberattack or data breach protection is available with this type of coverage.

Commercial Auto

This helps you pay for any damage to vehicles used for work purposes.

What to Know Before Buying Insurance in Red Deer

There is a lot of information on insurance options, so your choices will depend on your budget and how and sometimes where you run your business or what neighborhood you live in.

But how do you know what you need? Our brokers are experienced in asking you the right questions so you can rest easy knowing your insurance coverage is the best it can be at the price that matches your needs.

What is a Loss Settlement Option?

A loss settlement option is the monetary value that your insurance company pays you after a loss. The settlement amount doesn’t include your deductible. So, you’ll be reimbursed your settlement amount after you pay your deductible. It’s always good to plan for a loss before it happens by selecting your loss settlement amounts when you set up your insurance policy.

Typically, your loss settlement options are actual cash value, replacement cost, or agreed value.

3 Loss Settlement Options:

Agreed Cash Value

Also called the “fair market value,” or the purchase price minus depreciation. Actual cash value generally has a lower premium than the replacement cost option.

Replacement Cost

It will cover the cost of replacement, up to a certain amount.

Agreed Value

This is generally for specialty items like a classic car, artwork, or jewelry collection where the payout value is agreed upon beforehand and that’s what will be paid out.

What Factors Impact your Insurance Rates?

Your insurance premium may fluctuate from one year to another, or when you’ve had one or more claims made on your home, for example. There are many elements that determine your insurance rate. Make sure to look at all factors, including where you decide to live as the community you live in may dictate your rates.

We can shop around for you and guide you every step of the way.

10 elements that affect your rates:
  • Your insurance record
  • Type of loss options
  • Policy limits
  • Coverage
  • Deductible
  • Your claims history
  • Your credit rating
  • Your demographics
  • Where you live
  • Insurance options

How to Get Cheap Insurance in Red Deer

With a population of just 100,000 people, Red Deer is the third most populous city in Alberta.

No two insurance policies are the same. So, it’s important to take your individual situation under consideration when you’re shopping for rates.

10 ways to reduce your premium
  • A consistent insurance history
  • Take transit, especially travelling to work
  • Discover info about your new community (claims, crime, fire hydrant)
  • Keep a good to great driving record
  • Decide on a higher deductible (if you can)
  • Make a claim only when needed
  • Bundle your car and home insurance policies
  • Drop or add an insurance option depending on need
  • Maintain a healthy credit rating
  • Notify your insurer when you install Winter tires

What are the Insurance Companies We Work With?

Our staff is ready to help you with every change in your life -from a new home to buying a new travel trailer. We work with major insurance companies in Canada. Red Deer is our home too, so we understand your potential stresses around price and cleaning up after fires and floods. Here are the insurers we work with:

  • SGI Canada
  • Intact Insurance
  • Economical
  • Wawanesa

Do you need insurance help on the road when you’re in rush hour or at work? The MySharp app and web portal helps you manage your insurance needs whenever and wherever you want. The app works on multiple platforms, including computers, tablets and smartphones. You can access and print your pink card, submit claims, request a change, or simply review your insurance policy details.

Ask for an insurance quote online or give us a call. Find out more about how we can help you with your insurance needs.

Why is Sharp Insurance the brokerage to work with?

We are a broker that cares about its people. But don’t take our word for it. We can show you how small changes to your insurance policy can lower your premium. As an independent broker, we are here to serve you the best way we can – whether its shopping around for the best rates to match your budget or to give you advise on the latest technology. There are other reasons you’ll be happy you choose us to work with:

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 awesome customer service. We deliver!

How to Get a Free Online Red Deer Insurance Quote?

Getting an online insurance quote for Red Deer is easy with Sharp by your side. When it’s convenient for you, please fill out a quote form, email us or call us when it’s convenient for you

The more accurate information you provide us, will give us more leeway to get you the fastest, most accurate quote.

3 Easy Steps to get a free online quote:

  1. Request an insurance quote online, over the phone or by email.
  2. Keep your insurance policy documents ready.
  3. Ask us to shop around for you. You can get quotes from several different insurance companies.

Our Red Deer brokers are available to talk to you about your insurance options, like policy limits, and your deductible amount that will help determine your ideal insurance quote.

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