IS THE HIGH COST OF INSURANCE WORTH IT?

People purchase insurance for a number of reasons including:

• Insurance provides financial protection against unexpected events and/or risks.
• Insurance allows individuals and businesses to manage and reduce risks.
• In many cases, insurance is required by law. (ie - auto insurance)
• Lenders and contractual obligations.
• Insurance provides individuals and businesses with a sense of security and peace of mind. 
• Access to additional services and benefits.

The cost of purchasing insurance in Alberta is the third highest in Canada and people are limited in what they can do about, short of a grassroots uproar.