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ARTICLE · 21 AUGUST 2020

The High Cost Of Low-Cost Online Insurance

In some cases, it's easy to go online, answer a few questions, and find the best deal on insurance within minutes.

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In some cases, it's easy to go online, answer a few questions, and find the best deal on insurance within minutes. This is particularly true of home and auto insurance where policies tend to have a lot of similarities.

But shopping online for more complex forms of insurance alone is rarely a bargain, regardless of the price. Worse, there can be long-term costs and consequences to making a poor and hasty decision.

Heather Nadler, a Lawyers Financial Advisor in Oakville, Ontario has worked with attorneys and their staff at every stage of their careers and has some time-tested advice for online insurance shoppers. "With complex insurance products, it's almost impossible to compare apples to apples online because policies vary in terms of what they cover and how much they cost. The limitations of a policy may only reveal themselves when it comes to renew the policy or file a claim. By then, it's too late to change your mind," she warns.

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