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10 Things to Know About NL Auto Insurance Tax Elimination.

Auto Insurance Tax Elimination

The Provincial Government recently eliminated the remaining 13 per cent Retail Sales Tax (RST) on automobile insurance. Here are 10 things you need to know about the recent decision by the Government of NL to eliminate RST on automobile insurance in this province:

  1. The elimination of the tax pertains to auto insurance including personal vehicles such as cars, motorcycles, ATVs and other recreation vehicles
  2. The elimination of the tax also applies to commercial vehicles, such as taxis, school buses, trucks (fire, police) and tractor trailers
  3. The Government of NL have determined that the taxes charged on personal property and other commercial policies (excluding commercial auto) will continue
  4. Any customer that renewed their auto policy on or after April 15, 2019 up to the date that the change became law will receive a rebate for the taxes paid
  5. The RST refund may be processed as a direct payment to the client, a reduction in monthly installments, or a credit against an accounts receivable
  6. The insurance company (Aviva, Intact, Travelers, etc.) that collected the tax is responsible to ensure customers receive the appropriate RST refund
  7. The insurance companies are in the process of calculating the amount of rebates for each customer and have until the end of September 2019 to process those rebates
  8. For policies in force before April 15, 2019, the NL Government have determined that there will be no refund of the tax
  9. The Government of NL have determined that refunds of tax will NOT be provided to taxpayers who cancel insurance policies that were acquired before April 15, 2019
  10. Munn insurance is now providing personal auto and commercial auto policies with no taxes calculated on the premiums – effective immediately all our new auto policies are tax free

If you would like more information on the elimination of tax on auto insurance, or if you have any questions on your home or auto insurance, please contact Munn Insurance at 855-726-8627.

Water Damage Insurance – Get the Facts.

Water Damage Insurance - Get the Facts

It’s water damage season in Canada. With springtime, comes storms, water and sewer backups, snow melt, seepage and leakage. And yes, the the ever-present worry that the wet days of spring may lead to water damage. And flooding is on the rise!

It’s only early May and already there’s flood damage all across Canada. Ontario, Quebec and New Brunswick are in the news and the images of the damage and destruction are shocking. Other communities are on watch. Our hearts go out to the residents of all these cities and towns.

Once the water recedes, efforts will turn to clean up and rebuild. Insurance and disaster relief will become a more prominent part of the conversation. When it comes to coverage protecting homes from floods and flood damage, most property owners assume their home insurance policies will provide adequate protection. This is not always the case, making dedicated and additional flood damege coverage for specific water events a must.

Here are some things you need to know about water damage coverage & flood insurance…

What kind of water damage is covered by my basic home insurance policy?

Most standard home insurance policies cover water damage caused by things inside of your home (like a burst pipe), but damage caused by water that enters your home from external sources (during a heavy storm or rainfall, a sewer backup, or a sump pump failure) is likely not covered.

The good news is, you can likely buy additional water damage coverage to protect you in the event of these increasingly common emergencies depending on where you live and your insurance provider. Call your insurance broker to confirm if additional water damage coverage is available on your policy.

What kind of optional add-ons are available?

While optional add-ons are different for every insurance provider and location (including the type and limit of coverage available), here are two of the more common water-related add-ons that you can discuss with your broker:

  1. Sewer backup coverage.

    Sewer backup coverage is generally set up to protect you from loss or damage to your property when caused by the rupture or escape of water from a sewer, drain, sump pump, or septic system. For an additional premium to your homeowner’s insurance policy, an endorsement for water backup and sump discharge will cover losses caused by the following:

    • The backup of water or waterborne materials through a sewer or through a drain
    • Water or waterborne material that overflows from a sump, even if the backup of water is due to the mechanical breakdown of the sump pump. Coverage includes damage to covered property but excludes the sump pump and any related equipment that has broken down

    The endorsement does not cover losses that involve owner negligence, such as from damage as the result of forgetting to turn on your sump pump, or damages caused by a flood.

    The cost of sewer backup coverage is affordable. Call your broker to get more information about coverage costs, limits and deductibles.

  2. Overland water coverage.

    Generally speaking, overland water coverage is designed to protect you from damage caused by excessive rain, overflowing rivers, spring run-off, and melting snow. It usually excludes damage caused by saltwater, including tidal waves, and tsunamis.

    What is Overland Flooding?

    Overland flooding is defined as floodwaters that flow from an outside source or body of water onto dry land, causing water damage. The two most likely causes of overland flooding include snowmelt and rainstorms. Overland flood insurance covers flooding from surface water accumulation as well as from bodies of water, such as lakes, rivers or streams. Understanding what is and what has not considered flooding from an insurance perspective is critical to ensuring you secure the appropriate policies to protect against water damage.

    Why Traditional Policies Aren’t Enough

    While traditional home insurance policies and tenant policies may offer coverage for water damage from sewer backups or pipe bursts, they commonly exclude losses caused by overland floods. While newer policies can include some level of flood protection, availability varies. What’s more, even comprehensive homeowners and tenant insurance policies (which often offer the best available protection for homeowners and tenants) don’t automatically provide broad protections for water damage. Some people wrongly assume that sewer backup insurance provides adequate coverage. However, these policies only insure you from non-storm-related backflow from sewers or septic tanks. Sewer backup insurance doesn’t protect you if the backflow results from a sudden flow of external groundwater.To truly protect your home from floods, you can’t rely on standard home insurance policies or tenant insurance alone. Instead, you should turn to new forms of protection, like overland water endorsements.

    Overland Flood Endorsements

    Standard home, condo and tenant policies often exclude overland flood damage coverage. However, because extreme weather events are becoming more frequent, many insurers are now providing policyholders with the option to purchase add-ons (endorsements).In general, overland flood endorsements provide a level of flood insurance that was previously unavailable. Specifically, the overland flood endorsement can protect against damage resulting from melting snow, excess rain and overflowing riverbeds.With overland flood insurance, it is important to understand what is and what is not covered. Overland flood insurance covers damage from freshwater sources. This means that any claims related to coastal flooding, tsunamis and other saltwater sources are excluded. Dam breaks are also specifically designated as uncovered occurrences.

    Overland water endorsements are available to most property owners across Canada. However, a small number of dwellings may not qualify if the risk of flooding is too high in their area. The best way to determine your coverage eligibility is to contact your broker.

    For those living in areas that are on flood plains and regularly impacted by rising water, overland water or flood coverage is simply unavailable since insurance is designed to protect against random events, not predictable ones. When the next flood comes along, homeowners in these areas will have to avail of disaster relief assistance from the government if it is offered and if the homeowner qualifies.

In addition to insuring your home, we are committed to helping you and your loved ones stay safe when disaster strikes. If you would like more information on water coverage and all the affordable ways we can help you to protect your home and personal property, please contact Munn Insurance at 855-726-8627 today.

10 Essential Winter Driving Tips.

Install winter car tires

Safe driving is always important but being on the road during winter warrants extra care and attention. If road conditions are dangerous, consider making alternate travel arrangements or postponing your trip until conditions improve.

Here are 10 tips to keep you safe and collision-free during the next few blustery winter months.

  1. Install winter tires. If you haven’t done so already, install winter tires. They will provide greater traction under snowy or icy conditions. Check to make sure they aren’t worn or bald.
  2. Top up your fluids. Make sure you always keep your gas tank at least half full. On very cold days, the condensation in the tank can freeze when it is running low and may cause problems. Also, don’t forget about your windshield-washer fluid!
  3. Get an emergency car kit. Make sure you have the appropriate safety and emergency winter equipment always stored in your car. The basic emergency kit for cars should include the following items:
    • Food – that won’t spoil, such as energy bars
    • Water – in plastic bottles so they won’t break if frozen (change every six months)
    • Blanket
    • Booster cables
    • Extra clothing and shoes
    • First aid kit
    • Small shovel
    • Scraper and snow brush
    • Road salt
    • Flashlight
  4. Stay connected. Always travel with a fully charged cell phone and keep a portable charger at the ready. You never know when you need to make an emergency call.
  5. Clean off your car. Before you head out, make sure that mirrors, all windows, and the top of your vehicle, are free of snow or frost; that might require a few extra minutes, but it is time well spent.
  6. Drive according to the road conditions. Take your time. Slow down. That may mean driving slower than the posted speed limits. Driving too quickly is the main cause of winter collisions. Brake slowly and reduce your speed before entering turns. Once you have rounded the corner you can accelerate again. Better to be 10 minutes late in this world than 10 minutes early for the next!!
  7. Keep the lights on. Turn on your lights to increase your visibility to other motorists.
  8. Don’t tailgate. It is dangerous to drive too close to the car in front of you. This is more dangerous in winter weather as stopping takes much longer on snowy and icy roads than on dry pavement, so be sure to leave enough room between your vehicle and the one in front of you.  The normal dry pavement following distance of three to four seconds should be increased to eight to ten seconds. This increased margin of safety will provide the longer distance needed to stop safely.
  9. Don’t use cruise control. Never use cruise control if conditions are snowy, icy, or wet, because if your car hydroplanes, your car will try to accelerate, and you may lose control of your vehicle.
  10. Stay home. If you really don’t have to go out, don’t. Even if you can drive well in the snow, not everyone else can. If you don’t have somewhere you have to be, watch the snow from indoors.

If you would like more information on winter driving or if you have any questions on your home or auto insurance, please contact Munn Insurance at 855-726-8627 today.

Facebook Security Breach! Protect Your Information.

Facebook Security Breach - Tips from Munn Insurance

Facebook is in a bit of hot water, again. The social media behemoth has just provided a security update regarding an issue that has impacted 50 million users.

The update, indicates that on the afternoon of Tuesday, September 25, the Facebook engineering team discovered a security issue affecting almost 50 million accounts. While their investigation is still in its early stages, it’s clear that attackers exploited a vulnerability in Facebook’s code that impacted the “View As”, a feature that lets people see what their own profile looks like to someone else. This allowed attackers to steal Facebook access tokens which they could then use to take over people’s accounts. Access tokens are the equivalent of digital keys that keep people logged in to Facebook so they don’t need to re-enter their password every time they use the app.

Here are ten tips that aren’t foolproof, but which may help prevent your digital information from being used without your consent.

  1. Share with care. What you put on the web can last a lifetime. So before you post about yourself with others, think about how it will be perceived now and in the future.
  2. Decide how private you want to be. Set your privacy settings to a level that you are comfortable with. If you are happy with one of the preset privacy settings, ok. If you are not, customize your privacy settings.. You can also Uncheck the “Let friends of people tagged in my photos and posts see them” box. This ensures that only your friends are able to see posts and photos that you tag.
  3. Spring clean. The same way you spring clean your house, the same needs to be done for your computer. Look at all your apps. Ask what they are trying to find out about you. Get rid of the apps you aren’t using.
  4. Turn off or limit access for third-party apps. Adjust the how much and exactly what data your apps can use. Some of the data is in the “required” category others can be “turned off”.
  5. Secure devices. Use facial recognition or complex passwords with special characters that are hard to crack, but also hard to remember.
  6. Make a certain piece of information visible to only a couple people. To do so, click Customize from the drop-down menu. From the next drop-down menu, choose Specific People…Then, type in the name of the people you want to be able to see the info. As long as your networks are unchecked, only those to whom you grant permission will be able to see that piece of information.
  7. Use two-step verification. Your most important sites, like banking and health apps, should have a code or fingerprint after the passcodes.
  8. Ask why you’re giving certain information. Be careful if you feel uncomfortable disclosing info to certain questions. Vendors can be putting together a profile on you based on the info you give.
  9. Hide certain people or networks from seeing your information. To do so, click Customize from the drop-down menu. Then, choose “Friends Only,” uncheck any networks you don’t want to see your photos (remember that when this is checked it means that anyone in the network can see that piece of information, not just your friends in the network), and type in the names of any person on your friends list you don’t want to see your info.
  10. Talk to you kids (and parents). Make sure they understand the issues and take the steps to protect themselves.

If you would like more information on protecting your identify in social media (or coverage for identity theft), or if you have any questions on your home or auto insurance, please contact Munn Insurance at 855-726-8627 today.

Renewing your License and Registration in NL.

Renewing Your License

Renewing your license and registration has always come with a reminder in the mail from Service NL. However, this is no longer the case.

As of April 30, 2018, Service NL no longer sends vehicle registration and driver’s license renewals in the mail. Vehicle renewal reminders can be now be received by email from Service NL. To make sure your email address is updated with Motor Registration Division, please visit the Service NL webpage.

If you don’t have an email address you will have to remember the dates and take the necessary action.

Vehicle Registration

Your vehicle registration must be renewed annually. You may also sign up to receive renewal reminders by email. The registration expires the last day of the month shown on your registration document and on your vehicle stickers. Service NL advises residents to mark this date in their calendar yearly. Your registration can be renewed online, by mail or fax, or in person.

If you need extra help remembering when to renew your registration, you can sign up to change your renewal date to your month of birth. For example, if you were born in the month of November, your vehicle registration would expire on November 30. This request can be made in person at any Motor Registration Division office. For further information about this option, please call 1-877-636-6867.

Renewing Your License

Renewing your license must occur every 5 years on or before your birthday. Your expiry date can be found on your driver’s license card. You may also sign up to receive renewal reminders by email. Renewing your license can be completed online, by mail or fax, or in person.

If you would like more information on your home or auto policy (or about how to renew your vehicle registration or driver’s license) please contact Munn Insurance at 855-726-8627 today.

Far From the MUNN-dane Approach.

Munn Approach to Great Customer Care

Recently, Insurance Business Magazine interviewed CJ and Adam Nolan to learn about what makes Munn Insurance a leading broker in Newfoundland and Labrador. As one of the province’s oldest and most respected insurance brokers, Munn has seen significant technology improvements and process enhancements. The one thing that has remained constant is their focus on treating their customers with respect and providing the level of service they deserve.

For Munn Insurance, this approach to the future is more important than ever.

Being part of the community, developing meaningful relationships with your clients and instilling positive values within our own team is ultimately what will make us successful.

Read the full article here.

Happy Canada Day from Munn Insurance!

Munn Insurance Happy Canada Day

Happy Canada Day from Munn Insurance. Please note that Munn Insurance offices across the province will be closed on Monday, July 3rd. #HappyCanadaDay

Are You Ready for the Long Weekend?

Munn Insurance Are you Long Weekend Ready

Travel Safe and Have Fun!

As the unofficial kick-off to summer – the May 24th weekend – approaches, there are a few things to keep in mind as you plan to get away and spend more time on the road. As people across the province prepare for summer weekends at the cabin, cottage, campground, or gravel pit you should also prepare your cars for the drive. Road safety begins before you leave home, a quick visit to your local dealership or garage will ensure your car is road ready.
While you should have regular inspections and service checks along with your regular oil change, don’t stop there! Here’s a safety checklist to get you started this long weekend:

  • Check tires for cracks or damage on the sidewall, which could cause a blow-out at high speeds.
  • Under or over-inflated tires can also be a safety concern and can affect your gas mileage, so ensure that you follow your manufacturers recommendations by checking your driver’s door for proper pressure settings.
  • Check your fluid levels — oil and washer fluid in particular. And don’t forget the cooling system contents!
  • Ensure your windshield wiper blades and all lights are working properly.
  • Check your road safety kit to ensure everything you need is on hand. Double check batteries for that flashlight too!
  • Make sure the insurance policy on your camper, boat or RV is in place, if not call us and we can set it up. Better safe than sorry.

The best part of the long weekend is having fun with family and friends and enjoying the sunshine… but be prepared for snow. The weather is unpredictable around these parts.

Remember to get your vehicle checked before hitting the road – then all you have to do is fill up your gas tank and pack your cooler with ice. Enjoy the drive, have fun and as always, don’t drink and drive.

Munn Insurance is Here to Help You.

Munn Insurance is Here to Help

In this province, we have learned over a lifetime that we have to face our weather head-on.

We have seen it all. Heavy wind. Driving rain. Blowing snow. You name it, Mother Nature has thrown it at us. It may slow us down, but the good dependable people of this province just keep going, because that’s who we are.

Over this past week, we got hit again. Winds like we have not seen in forty years. There was damage, lots of it. But, now we are cleaning up and looking to get back on our feet. Munn Insurance is here to help.

Taking Care of You

During last weekend’s storm, we received hundreds of calls. Our customers needed us. We immediately called in extra staff to help you during this time and worked day and night during the storm. And we extended our hours this week to make sure we were here when you needed us. Our priority is to look after you, our valued customers.

100% of all claims reported to date have been assigned to, and contacted by one of our local insurance adjusters.

Taking care of you is our first priority. We have made temporary repairs to homes with serious damage to help protect your belongings until permanent repairs can be made; begun the process of rebuilding roofs, replacing siding and repairing other damage to our customer’s homes; and we have started repairing vehicles and arranged rental cars for those who needed them. There is still lots of work to be done, and we’ll keep going until it’s all repaired and back to the way it was. We appreciate your patience as we continue to work through the many claims that have been reported as a result of this extreme weather event.

We Understand This is a Difficult Time For You

If you have any questions about your claim please call your adjuster or call us and we will help.

If you need to speak with us, have recently discovered any additional damage or need to make a claim, please call us toll-free at 1-855-726-8627.

Helping the Food Sharing Association.

Munn Insurance Community Food Sharing Association Donation

We want to help make the holidays a happy time. Here are some of the Munn Christmas elves making a donation to the Community Food Sharing Association today.