Automobile
Whether you have a new or an older vehicle, knowing that you have the right automobile coverage can offer you peace of mind. In the event of an unfortunate accident or any unforeseen circumstance, you want to know that your automobile is protected and you will be back on the road as soon as possible. At Hardiman Mount & Associates, we can help ensure that you have the right protection for your automobile.

Discover the benefits that HMA has to offer
If you own a vehicle in Ontario, certain coverages are required by law - you can also choose additional coverage to enhance your policy. As a client of HMA, we have insurance solutions that can be tailored to meet to your individual needs. As an Independent Insurance Broker, we can offer you competitive rates and special discounts though one of the several insurance carriers that we represent.

Insurance required by law
Liability - protection if someone is killed or injured or if their property is damaged in an accident or claim you have caused.
Accident Benefits - provides benefits if you are injured in an accident, regardless who caused it.
Uninsured Automobile - provides protection from an uninsured driver or a hit and run vehicle.
Direct Compensation/Property Damage - covers you for damage to your vehicle if another driver is responsible.

Optional coverage
Increased Liability - you may increase the level of coverage beyond the minimum.
Increased Accident Benefits - there is additional benefit protection that can be purchased including:

• Income Replacement - increased compensation for lost income.
• Medical, Rehabilitation and Attendant Care - coverage for expenses no covered by a plan.
• Caregiver - coverage for expenses of an aide or attendant.
• Death & Funeral - increased coverage for the family.
• Loss or Damage coverage - optional physical damage coverage can be purchased to protect against at-fault accidents, hit and run claims, fire and other miscellaneous claims.
  • All Perils - combines the Collision & Comprehensive coverage.
  • Collision or upset - covers damage to your vehicle as a result of an at-fault accident involving another vehicle or collision with other objects.
  • Comprehensive - covers everything listed under Specified Perils plus falling or flying objects, missiles and vandalism.
  • Specified Perils - coverage includes fire, theft or attempted theft, lightning, windstorm, hail, rising water and earthquake, explosion, riot or civil disturbance, falling or forced landing of aircraft or parts of aircraft, or the stranding, sinking, burning, derailment or collision of any kind of transport in, or upon which a described automobile is being carried on land or water.
    

Options
OPCF 20 Transportation Replacement - pays for expenses involved in renting a similar vehicle up to a specified limit if the vehicle requires repair due to an accident or other claim.
OPCF 43 Removing Depreciation Deduction -Removes the deduction of depreciation from the market value of a car when settling a total loss within the first 24 months of purchase provided the vehicle was brand new at the time of purchase.
Discounts - companies offer a variety of discounts to attract and retain clients, which can include:

• Loyalty Discount
• Preferred Driver Discount
• Multi Line Discount
• Mature Citizen Discount
• University Student Discount
• Graduated Licensing Discount
• Anti-theft Device Discount
• Satellite Monitoring System Discount
• Driver Training Discount
• Retiree Discount
• Multi Vehicle Discount
• Short Commute Discount

• Driving Record Protection - protects your good driving record and discount if the event of an at-fault loss.

Factors Affecting Automobile Insurance Rates
Every insurance company in Ontario sets its rates based on government regulations. When shopping for automobile insurance consider the product you are purchasing, the price you are charged, the discounts that apply and, most importantly, the service you can expect from your broker - who represents you. At HMA, we are a full service broker, offering exceptional personalized service and competitively priced products to meet your individual needs.

There are many factors that are taken into consideration when establishing the annual premium for an automobile insurance policy including:
Underwriting Criteria
In Ontario, insurance companies must file their underwriting criteria with the Financial Services Commission of Ontario. To learn more about the regulatory aspect of auto insurance in Ontario, visit their website at http://www.fsco.gov.on.ca.

Property
When it comes to protecting your home, condo or apartment, it's a comfort to know that in the event of an unforeseen mishap or accident that your home can be rebuilt and your personal possessions will be replaced.

As an HMA client, you can choose from a variety of property insurance products that are competitively priced and you can take advantage of special discounts and incentives to help you save on your annual premium.

Types of policies
Homeowner Package Policy
This package is designed for people who own the home they live in. It includes coverage for the main dwelling (house), outbuilding(s) such as sheds and garages, personal property (personal belongings) and personal liability (an injury on your property or damage you cause to someone else's property).
Condominium Package Policy
This package is designed for people who own a condominium unit whether it is a high-rise or townhouse style. It includes coverage for personal property, improvements you have made and personal liability including damage to other units. In addition, there is coverage for loss assessment, if you are asked to contribute to a loss not completely covered by your condominium corporation's policy.
Tenants Package Policy
This package is designed for people who live in homes or apartment units that are rented to them. It includes coverage for personal property and personal liability including damage to other units.

Factors that Determine Premium
Some of the factors that are used to determine the annual premium include:

1. Policy Product
2. Amount of insurance
3. Policy deductible
4. Insurance and Claim history
5. Type of risk
6. Location

1. Policy Product
Policies are generally available in two forms:

• Comprehensive (All Risks Building & Personal Property)
• Broad Form (All Risks Building & Named Perils Personal Property)

A comprehensive policy is the most popular type of policy as it provides more coverage than a broad form policy. Under a comprehensive policy, coverage is provided in the event of a loss provided that the cause of the loss is not specifically excluded in the policy wordings.

A broad form policy insures the contents (personal belongings) on a "named perils" basis. The types of losses that are covered will be listed in the policy wordings and those types of losses not listed are not covered.

Causes of loss that are covered can include:

• Fire or Lightning
• Explosion or Smoke
• Falling Object
• Impact by Aircraft or Land Vehicle
• Riot
• Vandalism or Malicious Acts
• Water Escape, Rupture, Freezing
• Windstorm or Hail
• Transportation
• Theft, Including Damage Caused by Attempted Theft

2. Amount of Insurance
On a Homeowners policy, a formula is used to calculate the replacement cost of the home. Features such as square footage, number of stories, building material, number of washrooms and additional features such as finished basements and decks are used to calculate the cost to rebuild the home. The annual premium is calculated using the replacement cost determined by the formula along with other factors listed here.

On a Condomium or Tenants policy, the amount of contents coverage is used to determine the annual premium along with other factors listed here. The contents coverage should include everything that is owned including clothing, furniture, jewelry, electronics and appliances.

3. Policy Deductible
The policy deductible is the amount that you must pay in the event of a claim. The deductible amount will be stated on the insurance policy and the deductible can be increased in order to reduce the insurance premium.

4. Insurance and Claims History
The existence of prior insurance and claims will be taken into consideration when calculating premium and offering coverage. A claims discount may be available to clients with prior insurance history and no claims within a time period.

5. Type of Risk

• Age of dwelling - Newer homes tend to have fewer claims and may qualify for a discount. If your home is over 20 years of age you must verify updates to the roof, plumbing, electrical wiring and heating system.
• Alarms - Burglary, Fire Alarm systems connected to a monitoring station may qualify for a policy discount, subject to an approved alarm certificate.
• Dwelling - Single detached, semi-detached, multi-family, row housing, low-rise or high-rise apartment buildings.
• Occupancy - Single family dwellings include the immediate family while multiple-family dwellings include apartment units rented to others.
• Type of heating - Natural gas forced air/hot water, oil forced air/hot water, electric forced air or radiant heating, wood burning stoves and fireplaces.

6. Location
Some neighbourhoods are more susceptible to certain losses than others such as break-ins, vandalism, adverse weather or sewer backup. The type of fire protection is also considered such as distance to hydrants and fire halls and if fire halls are staffed full-time or volunteer, or no fire protection at all.

Additional coverage and discounts
You may consider the following options:

• Umbrella liability protection with $5 million of worldwide coverage.
• Rental income replacement on a rental property you own.
• Earthquake coverage.
• Home-based business coverage if you have a home office.
• Burglary & vandalism coverage on a cottage.
• Scheduled items such as jewelry, furs or cameras.

Discounts - companies offer a variety of discounts to attract and retain clients, which can include:

• Loyalty Discount
• Multi Line Discount
• Age Discount
• Alarm Discount
• Mortgage Free Discount
• New Home Discount

Other Policy Forms That Are Available
Watercraft
We offer specialized policies that insure runabouts, cruisers, sailboats, cuddy cruisers and pontoon boats with a choice of Actual Cash Value or Agreed Value coverage. Policies also include coverage for personal property, electronics, medical expenses and dinghies.

Cottage
We offer two types of coverage - Secondary and Seasonal - to meet the needs of seasonal and year-round cottage owners. Policies include Single Limit Coverage and coverage is available to cottages that are rented out or on an island and can be extended to out of province and U.S. residents.

Holiday & Park Model Trailers
We offer several unique policies to protect the owners of 5th wheels, tent trailers, holiday trailers, truck campers and park models with a choice of Replacement Cost or Actual Cash Value coverage. Included is coverage for personal property, personal liability, emergency vacation expenses, golf carts and outbuildings.

Our representatives are here to answer your questions and to tailor an insurance package that right for you. If you like to receive a no-obligation quotation on your property insurance, you can either click here to request an on-line quotation or call us today at 905-668-1477 or toll free 1-800-361-6996.

Life
How would your family survive if you died, were critically ill or disabled? Would they have enough money to maintain current living arrangements ? There are several ways to ensure your family's well being and keep it within your budget. Call your service representative today at Hardiman Mount & Associates to review some options.

Travel Insurance
Get a free online insurance quote for travel outside of your home province or Canada and for visitors coming to Canada.
Click here:  https://hermes.manulife.com/can/affinity/travel/travel.nsf/public/wlhome?Open&as=wlhma

Extended Health, Drug and Dental
If you are concerned about not having a group plan, and require Extended Health, Prescription Drugs, Dental and other benefits not covered by the Government Provincial Health Plan (OHIP)
Click here:  http://www.memberhealthplan.com

Income Replacement
· Where will your income come from if you can't work?
· Is your income protected from both accident and sickness?
· Can your benefits be withdrawn?
· Is your disability income capped at someone else's standard of living?
· Is your disability plan portable?
· How long could you survive without money?

Disability Income Planning protects your income, your lifestyle and your dignity.

Mortgage Insurance
When you arrange your mortgage, there are many other interesting and valuable options other than those provided by your bank.
Mortgage Insurance Brochure

Critical Illness Insurance
Heart Attack, Stroke, Cancer or any one of 14 other serious illnesses can financially devastate a family long before death occurs. Critical Illness insurance provides a lump payment of cash immediately upon diagnosis…Money that can pay for: out of country treatment, assistive devices, home renovations, pay off bills, take care of family members and help you meet a trying time with dignity and peace of mind.