Insurance in Canada

There are many companies that provide insurance in Canada. It is true that most of them are not as well known as U.S. carriers, but they provide vital services to Canadians nonetheless. Some of the carriers include companies such as Assumption life which is based in B.C., they offer a number of options to those seeking insurance, group benefits and plans offering critical care insurance as well as pension plans.

One of the companies based in Quebec is the National bank insurance company which serves consumers that are interested in property and casualty insurance. This includes home and automotive insurance. There are other companies that are based in Quebec. The Desjardins group is an insurance company that has insurance for all Canadians.

The Dominion group is based in Toronto and has the distinction of being one of the oldest insurance companies, and was started by the first Canadian Prime Minister, John MacDonald. This company has a positive reputation amongst its users.

Health insurance is primarily a government responsibility, however individual Canadians are encouraged to own private health insurance as a supplement. Some of the provinces namely British Columbia and Ontario also levy a tax on the health care furnished to Canadian citizens. There are companies that specialize in providing health insurance for those that are interested in these products. It is estimated that about 65 percent of Canadians carry health insurance in addition to what is furnished by the government.

Other insurance companies that are located in Canada, are Equitable life and Economy life. These companies offer this extra insurance if a citizen needs and wants critical care coverage.

There are also Canadian offices of US insurance companies such as Allstate. This company has offices throughout Canada and can be found in or near most of the major cities. Some of the other American carriers that have branches in Canada are Sun Life and State Farm.

Great Life Insurance company of Canada also has life insurance. This insurance company trades on the Toronto exchange and is one that has been around for a number of years. It is a well know and established company.

Missoquoi insurance has been around since 1835. It is based in Quebec and provides life insurance. Standard life is a company that is based in Edinburgh and is a major employer in the UK. They also have offices in Canada. This is also a well established company, and one that provides insurance for Canadians.

There are many insurance companies in Canada and this is by no means an exhaustive list. An individual can be sure they will be well served by the insurance companies that are available in Canada no matter what their need.