Insurance FAQ
Clear answers to common questions about auto, home and business insurance in Ontario. Verdant Insurance is based in Markham and helps clients compare available coverage options from multiple insurers.
Working With an Insurance Broker
What does an insurance broker do?
An insurance broker works with multiple insurance companies and helps clients compare available coverage and pricing. A broker can also explain policy options, answer questions and help with changes or claims-related guidance.
Why use a broker instead of buying directly from one insurer?
A direct insurer offers its own products. A brokerage can access products from multiple insurance companies, which may give you more options depending on your needs and eligibility.
How many insurance companies does Verdant work with?
Verdant works with 16 insurance companies in Ontario, allowing our brokers to compare available options across multiple markets.
Does Verdant only serve Markham?
No. Verdant Insurance is based in Markham and serves eligible clients throughout Ontario.
Common Auto Insurance Questions
What affects the cost of auto insurance in Ontario?
Premiums can be affected by factors such as your driving record, years of driving experience, vehicle, location, annual kilometres, vehicle use, claims history, coverage selected and insurer-specific rating factors.
Can two insurance companies quote very different prices for the same driver?
Yes. Insurers use different rating models and underwriting rules, so pricing can vary even when the driver, vehicle and coverage are similar.
Should I get an insurance quote before buying a car?
Yes. Insurance costs can vary significantly between makes, models, trim levels and model years, so checking the premium before purchasing or leasing a vehicle can help you understand the total cost of ownership.
Can Verdant help new or G2 drivers?
Yes. Verdant helps new and recently licensed drivers compare available auto insurance options and understand how driving experience, vehicle choice and insurance history may affect pricing.
Learn more about new driver insurance in Markham and Ontario.
Can Verdant help drivers with tickets, accidents or cancellations?
Potentially. Eligibility depends on the details of your driving and insurance history and the underwriting rules of available insurers.
Learn more about high-risk auto insurance.
Can I bundle auto and home insurance?
In many cases, placing auto and property insurance with the same insurer may qualify for a multi-policy discount. Eligibility and the amount of any discount vary by insurer.
Common Home Insurance Questions
What does home insurance typically cover?
Depending on the policy, home insurance may include coverage for the dwelling, personal property, additional living expenses and personal liability, subject to the policy's terms, limits and exclusions.
Do condo owners need insurance if the condominium corporation already has insurance?
Yes. A condominium corporation's policy generally does not replace a unit owner's own insurance. Condo owners may need coverage for contents, liability, improvements and other unit-owner exposures.
Do tenants need insurance?
Tenant insurance can provide coverage for personal belongings, liability and certain additional living expenses. Landlord insurance does not generally insure a tenant's personal property.
Can landlords insure rental properties through Verdant?
Coverage may be available for eligible rental properties depending on the property, occupancy and insurer requirements.
Commercial Insurance Questions
What is commercial general liability insurance?
Commercial general liability, often called CGL, can help protect a business against certain third-party claims involving bodily injury, property damage and other insured liability exposures.
Does every business need the same type of insurance?
No. Coverage needs vary based on the business's operations, property, contracts, vehicles, professional services and other exposures.
What commercial insurance can Verdant help with?
Depending on eligibility and insurer appetite, Verdant may be able to help with commercial general liability, property, business interruption, commercial auto, professional liability, cyber and other business insurance products.
Learn more about commercial insurance in Markham and Ontario.
Does Verdant insure restaurants?
Yes, restaurant insurance may be available for eligible businesses, including coverage considerations such as liability, property, business interruption, equipment and liquor liability where applicable.
Learn more about restaurant insurance in Ontario.
Getting Started With Verdant
How do I request a quote?
Complete our online quote request with your basic insurance information. A Verdant broker can then review the information and available options.
How quickly will someone contact me?
Response times vary depending on request volume and the complexity of the insurance inquiry. Our team aims to respond as promptly as possible during business hours.
Can everything be completed electronically?
Many insurance documents and policy transactions can be completed electronically, although requirements vary by insurer and transaction.
Where is Verdant located?
Verdant Insurance is located at 675 Cochrane Drive in Markham, Ontario.
Learn more about our Markham insurance brokerage.
Speak with a Verdant Insurance broker.
Tell us what you're looking to insure and our team can help you understand the next steps and available insurance options.