In this episode of How Canada Works, we sit down with Sam Pietras, an experienced insurance broker who brings a wealth of knowledge to the table. Sam delves into the nuances of insurance policies, clarifying why claims might be denied and highlighting the importance of understanding your policy's coverage and exclusions. With a background in navigating complex insurance landscapes, Sam provides practical advice on how to review your policy effectively, address common exclusions like faulty workmanship, and ensure you’re adequately protected against unexpected events.

As we conclude our conversation, Sam offers valuable tips for managing your insurance coverage, especially amidst the recent rise in natural disasters such as floods and wildfires. She underscores the importance of staying informed about your policy and being proactive in reviewing it periodically. Whether you're reassessing your current insurance or seeking to better understand your coverage, this episode of How Canada Works provides expert insights to help you make informed decisions and safeguard your assets.

Connect with our Hosts:

Adrian’s LinkedIn

Trevor’s LinkedIn

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/

https://www.harbourfrontwealth.com

Timestamps:

00:0000:55 - Welcome Back!

02:35 - The Main Role of an Insurance Broker

07:50 - How Insurance Coverage Has Evolved Over Time

14:53 - The Process of Claiming Your Insurance Coverage

18:40 - Does Home Insurance Cover Big-Ticket Items?

22:15 - How Home Insurance Works for Natural Disasters

28:20 - Brokers vs. Adjusters: What’s the Difference?

32:15 - How to Ensure You Get Your Money Back While Reconstructing an Affected House

36:11 - Clearing the Bad Stigma on Life Insurance

40:30 - Why It’s Important to Know Your Insurance Policy

42:30 - How Often Should You Update Your Insurance Policy?

45:15 - Wrapping Up

49:55 - Final Thoughts

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