Economical Insurance Review

Established in 1871, Economical Insurance is one of the biggest insurer that deals with products relating to property and casualty insurance in Canada. There is a wide range of products in their portfolio made perfect for personal, commercial, farm and surety needs.

First looking at their list of personal insurance, it is easy to see that their solution should match the needs of most people.

Automobile was the first to come up. The coverage for your car or vehicle will be able to be protected under the highest standard with benefits including repairs, legal fees, lost wages, medical expenses and many more. Even creational vehicles like motorcycles and snowmobiles can be insured.

Property insurance was the next thing that came up. Just like home insurance, a range of buildings can be insured, including home, investment property, home office and even hobby properties.

I think the most popular one would be the homeowners insurance. It is very pleasing to see that Economical understands that understands their customers like to have choices, which is why they have a list of levels for you to choose from; gold, silver or bronze. And then depending on which on you choose, you will be provided with coverage like replacement for your contents, personal property, detached structure, additional living expenses and even liability.

The third personal insurance is known as liability insurance. Economical is able to protect you from lawsuits that may arise from your personal actions and the ownership of your property. I think this is a very important policy to take out as lawsuits can be very costly if you are not careful.

Moving on into their business insurance, again a long list of policies are offered including different sized businesses, commercial vehicles, group or associations, and even surety needs.

I decided to look at their small business products and was impressed to see they have a lot of specific solutions that can be addressed to businesses like contractors, retail, churches and restaurants, to name a few.

Lastly, agri-business insurance is another product offered which I thought to be very beneficial. This is very similar to farm insurance and insurances a lot of products such as diary, poultry and equine insurance.

In order to get more information, and to take out a cover which you can do via a broker, you will find all the details they need on their website. All the information for making claims are there as well.

Economical Insurance Insurance has been rated 5 out of 5 by Insurance Reviews.