I see a lot of clients looking to get home insurance and when I ask them how much they want to insure for, they always say, "we only want the minimum, we don't have a lot of stuff". It's interesting when people say that because all they're focused on is how much it would cost them to buy the insurance. They never really think about how much it would really cost to replace what they own. Home insurance policies are normally set up to insure you for "replacement cost". This means that they'll get you back to where you were before the loss, never more, never less. So if your neighbor upstairs had a water leak and your 55" 4K Ultra HD TV that you bought for $2,500 3 years ago short circuits because of that, the insurance company will replace the TV with the same brand, size and model without depreciation. They're not going to say that it's 3 years old now, here's $500 to replace it. People don't realize this so they underest...
The unimaginable has happened. America has voted the most unlikely candidate for President and a lot of people got caught by surprise. However, I wasn’t as surprised that Trump won. In fact, I was half expecting it. For all of Trump’s bluster, I already had a feeling he will have a good showing in the polls, maybe a close race with Clinton if Clinton did win. But when it was shown he was leading in the early polls, I knew he was going to win. What surprised me was that the whole country voted Republican. The US congress and senate is now controlled by the Republicans. Last time, congress was controlled by the Republicans but the senate was controlled by the Democrats. This time around, the Democrats were completely demolished. Why? Historically, when the economy is doing badly, the incumbent party almost always losses. Why? Because the people wants change, so the kick out the current party and install a new party to see if they can make things better. If the economy is doing well...
Let's face it, our digital lives are completely intertwined with real lives. Everybody is connected digitally in one way or the other. We all have one or more of these services like e-mail, Facebook, Instagram, Twitter, LinkedIn, etc. While we all manage them personally, what happens when we pass away? Who manages them to inform your friends and family that you are no longer around and how do you want your online life to be managed so that it will be delete or deactivated so that no one can hack or impersonate you? As far as I know, there is no law in Canada allowing for the passing of your digital assets to your estate or beneficiary. Your digital assets is not the same as your physical and financial assets which can be passed on. This leaves a lot of problem for the survivors since online companies usually do not just allow anyone to get access to another person's account even if that person is deceased without going through some rigorous processes to prove death and that y...
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