Consumer Insurance

Insurance is a way of reducing your potential financial loss or hardship. It can help cover the cost of unexpected events such as theft, illness or property damage. Insurance can also provide your loved ones with a financial payment upon your death. Buying insurance can seem like a complicated task, there are many products available from different providers.

Source: Understanding Insurance Basics, page 2-27, Financial Consumer Agency of Canada, 2012. Reproduced with the permission of the Commissioner of Financial and Consumer Agency of Canada, 2013.  

The FCNB does not endorse any designation or profession. You should always verify the personís qualifications before seeking advice. It is critical that you check an individualís registration or licence status, and the types of products or services they are registered or licensed to sell.


Related Areas

Search the Insurance Licence Database


External Links

Disaster (Insurance Bureau of Canada)

"Am I covered? When can I start to rebuild? In the wake of a disaster, there are many questions to consider." Visit the "Disaster" page on the Insurance Bureau of Canada's website for more information.

Consultation Paper Insurance 2019

The Financial and Consumer Services Commission, Insurance Division, has released a Consultation Paper proposing changes to the adjuster and damage appraiser licensing regimes.

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