Should You Opt Out of Direct Compensation?

Should you opt out of Direct Compensation-Property Damage (DCPD)? For most, the answer is NO.

In Ontario, all registered vehicle owners are required to insure their vehicle, at the very least, with these four automobile insurance coverages: third-party liability coverage, statutory accident benefits coverage, direct compensation-property damage (DCPD) and uninsured automobile coverage. That stands to change at the beginning of next year with a new option from the Ontario government to help save vehicle owners money.

Beginning January 1st, 2024, policyholders may sign an OPCF-49 form, which will serve as the policyholder’s consent to not be compensated for the physical damage to their vehicle if it’s involved in a not-at-fault collision. The exchange for this is a premium discount. However, policyholders who opt out of DCPD coverage will no longer be eligible to carry collision coverage on their vehicle.

In this blog post, we address what direct compensation-property damage (DCPD) coverage protects you from and whether choosing to remove the coverage is right for you.

Win 2 Tickets: Knights vs Firebirds on Dec 31

Have any plans for New Year’s Eve? Enter to win 2 tickets to watch the London Knights play the Flint Firebirds on Sunday, December 31st at 4:00 p.m. at Budweiser Gardens.

There is still time to enter, so check out our Facebook, Twitter, or Instagram page for full details.

Read to Ride: Nominations Closing Nov. 17

Attention Grade 3 or 4 Teachers: We’re looking for classrooms to participate in the Read to Ride program for Winter 2024.

We will be selecting 3 classrooms in Ontario to participate in Read to Ride. We launched our Read to Ride program with the goal of helping children sharpen their reading skills by encouraging regular practice with fun incentives (ballots, pizza parties, new bikes) along the way.

Ultimately, we hope the Read to Ride program helps children develop more confidence in their reading skills and themselves.

You can apply here. Submissions for Read to Ride Winter 2024 close on Friday, November 17, 2023.

Welcome to the Team Kimberly Laidis!

Our team continues to grow! We would like to welcome the newest member of the Excalibur Insurance team, Kimberly Laidis! 

Kimberly will be working as an Account Executive in our sales department.

Speaking of team members, wondering what your Account Manager’s contact information is? Or how to book a phone appointment with them to discuss a new purchase?

Good news: You can find the entire Excalibur Insurance team’s contact information on our website – including email addresses, phone numbers, and appointment calendars. Click here to visit the team page.

School Bus Report Sponsorship

We are proud to announce that we are the newest sponsor of the 107.7 2day FM & 107.1 CJCS Radio’s School Bus Report!

In partnership with Excalibur Insurance and Rhéo Thompson Candies, the School Bus Report brings local bus route cancellations, delays, and school closures to families each morning.

Buying Life Insurance for the First Time

Purchasing life insurance is a big decision. It is quite the task to find the coverage that is right for you, which can secure the well-being of your loved ones, even when you are no longer there.

In this article, we go over some important tips for you as you purchase life insurance for the first time, as well as some things to note about the decision you are about to make.

Insurance Partner Spotlight: BOXX Insurance

Welcome back to our “Insurance Partner Spotlight,” a segment in our newsletter that features our company partners! Since we work with over 40 of Canada’s Top Insurers, our goal is for our clients to better understand the options and speciality products that we have available for them.

This month’s spotlight is on BOXX Insurance.

BOXX Insurance was created to go beyond traditional insurance, dedicated to helping ensure the world can remain digitally healthy. Since the majority of insurance solutions fall short of protecting smaller or medium-sized enterprises, Cyberboxx decided that the emerging risks of a digitally-connected world needed to be confronted with advanced solutions at an affordable price. In 2018, BOXX Insurance was launched as a program that brings together data science, specialized underwriting, and new technologies to go beyond your average protection and predict, respond to, and prevent the risks – both that we face today and the ones we’ll face tomorrow.

To learn more about BOXX Insurance click here.

October’s Defender Spotlight: Dylan Shervill

October’s Defender Spotlight shines on Dylan Shervill in our London office!

Since joining our team in November 2021, Dylan has exemplified a high level of professionalism, attentiveness, and courtesy that has won the hearts of both his clients and Excalibur teammates.

Whether it is answering client questions, providing prompt responses, or going the extra mile to assist his teammates, Dylan consistently exceeds expectations.

With his extensive knowledge of personal lines insurance, including auto, home, boat, cottage, and trailer, as well as life insurance, critical illness insurance, and disability insurance, Dylan offers valuable advice tailored to individual needs.

We are fortunate to have Dylan as an Account Executive, where his expertise continues to benefit our clients and team alike.

“I had the most amazing experience with Excalibur! I hadn’t even completed an insurance quote on my car before Dylan was phoning me to help me finish setting it up, and going above and beyond to get my car insured as quickly as possible. He made sure I was aware of all my options, and gave really sound advice on how to proceed moving forward. I’m really happy with the service you provide!”
– Abby