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Scared of not hitting your retirement goals? Stay Calm.

Written by on 2017-09-15 5:57 AM . It has 0 Comments.

by Mike Onotsky We are all too often influenced by the media. They love to share the bad news and even embellish it since good news just doesn’t sell. You are engaged when they are talking about the risks to you, but not so much when they project everything humming along normally.  When it comes to financial markets, wording like “triple digit losses” seem to attempt to strike fear when, in reality, a triple digit loss when the markets are around 15,000 is really a 1% swing and this is for a portfolio that is 100% in stocks which would be a very aggressive investor. If we look to the days before 2008, a 1-2% swing either way was a pretty normal day in the market. So what is the result of fear over the financial markets? Well, for most people, it results in panic and often a drastic change in investment style for their retirement or other savings. As an advisor, I hear the worries…”I am seeing a quarter of my retirement savings disappear”. The reality is that ...

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Our Move – Updates, Timelines and More Convenience

Written by on 2017-09-08 1:17 PM . It has 3 Comments.

The time is drawing closer to Erb and Erb’s move and Lackner McLennan's move. LMI's tentative move date is October 19 and 20, 2017. They will be closed that day and be open for business at 818 Victoria St. N. on October 23, 2017. Erb and Erb's tentative move date is November 10, 2017. We’ll be closed that day for the move and plan to be open for business as usual at our new location 818 Victoria St. N.(Victoria St. N. and Bruce St.) on November 13, 2017! All of Our Contact Information Will Stay the Same All of LMI and E&E's contact emails and phone numbers will remain unchanged. You’ll still be able to contact us the same way you did before. Via phone, email, website, and social media. A Better Location to Serve Our Clients With a more central location and with our sister organisation Lackner McLennan Insurance moving in before us we’ll be better able to provide top notch service to our clients. Why? Improved infrastructure, both internal and external, will provide us with ...

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What could lead to your car insurance claim being denied?

Written by on 2017-09-08 7:43 AM . It has 0 Comments.

No one wants to have a car accident. Certainly, no one wants to be hurt in a car accident. Unfortunately, accidents do happen. Having the right coverage for your vehicle usually means you’ll have the protection needed to have your car repaired, or in case of injury, have help to rehabilitate yourself back to health. However, there are times when the actions of car owners puts their insurance policy and coverage at risk. Most Common Reasons for Denying a Claim Undisclosed Regular Drivers – It’s true you can lend your car to anyone, but be warned you are also lending your car insurance. One off situations where a friend needs your car for a day are fine. Make sure everyone has a valid driver’s licence before your lend your car because any accidents they have will affect your insurance rates. However, when there is a regular driver of the car and you have not informed your insurance company you could see your claim being denied. This happens frequently as parents of underage drivers ...

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How to Protect Your Business or Home After Fire and Smoke Damage

Written by on 2017-06-13 12:26 PM . It has 0 Comments.

No one wants to think about their business suffering a fire. But, it does happen. And, where there’s fire, there’s always smoke. Smoke contains many toxic and corrosive chemicals compounds. Smoke from a commercial building fire can be worse depending on the type of business conducted on the premises. So, what should you do and what shouldn’t you do after a fire? Read below to get some tips on how to deal with fire and smoke damage in your business or your home. The first thing you want to do so minimize further damage to your home or business. Try to limit movement in the home or business. The idea is to prevent soot particles from being embedded into upholstery and carpets. Take pictures of all the damaged areas of your business or home and make a list of all damaged items. It is important to document everything so it’s easier to replace when you make an insurance claim. Change your furnace filter regularly and as soon after the all clear is given to re-enter the ...

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New Government Bill Regulates Home Inspectors

Written by on 2017-06-13 12:21 PM . It has 0 Comments.

This past April (2017) the Provincial Government of Ontario passed the Putting Consumers First Act. This new law will impose new rules on Home Inspectors and Home Inspections. Traditionally, home inspectors were not subject to provincial regulation, which meant there was no governing body overseeing inspectors and the quality of their work. Most home inspectors work hard at their jobs, making sure new home buyers are aware of any deficiencies in their new home-to-be such as roofing, heating, foundations, structure, wiring, and plumbing to name a few. However, some inspectors did not put the required effort into their inspections. This meant important problems could be at best missed or, at worst, ignored. There was no one to whom a new homeowner could complain. That all changes with the Putting Consumers First Act. This new law: Adds requirements for education, experience and examinations for licensing Home Inspectors. Provides a code of ethics for all licensed home inspectors. Home insp ...

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We Are Moving!

Written by on 2017-06-13 12:08 PM . It has 3 Comments.

Yes it’s true. Erb and Erb and Lackner McLennan are moving in together at a new location. We expect to be up and running by the Fall of 2017. We are really excited. Currently, our new landlord is working on our new location and getting it ready for us. That includes a complete renovation of the interior to provide ample space for our growing organization in a modern industrial office setting, renovating the exterior so that it reflects our office setting, and paving the parking lot so there is room for staff and clients alike. Our new location will be 818 Victoria St. the former Ball Construction building just off of Bruce St. in Kitchener. This is what the building looks like right now: With the renovations the new building will look like this artist’s conception: Our new location is centrally located in Kitchener and is close to both the Waterloo Region’s expressway and to highway 7 to Guelph. When all the construction is complete Bruce St. will continue north and connect with W ...

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How to Minimize a Costly Interruption to Your Business

Written by on 2017-02-28 9:23 AM . It has 0 Comments.

You plan, strategize, and agonize over your business in an effort to get it to run smoothly. You have great employees for your business and your profits are growing from all your hard work. Then a freak fire, flood or some other claim strikes and you are forced to close for repairs. Does your commercial insurance have Business Interruption as part of your protection plan? Having the proper Business Interruption Insurance for your business means you can stay in business even if you make no sales during the restoration of your commercial property. How does it work? Business Interruption insurance supports you when you cannot operate as a result of a covered loss. Things like blackouts and extended power outages, fire, a disaster at one of your key suppliers, expenses from establishing a temporary location and more can create havoc on your bottom line. Your expenses, unfortunately, do not stop when you cannot earn money. To combat the effects of an insured disaster striking your business sound Business Int ...

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How to Avoid Voiding Your Home Insurance

Written by on 2017-02-22 12:24 PM . It has 1 Comments.

When you’re looking at making changes in your life, insurance is typically the last thing on your mind. You’re focusing on the new renovations or your trip, or you’ve started a new business. Unfortunately, even small changes could have a huge effect on your home insurance. We’ll take a look at a few of the most common issues of unintentional voiding of a homeowners insurance policy. Criminal Activity Let’s get the big issue out of  the way. Using your home for a criminal activity, which then results in damage to your home, voids your policy. When you hear of an illegal marijuana grow operation or a meth factory being set up in a private residence and a subsequent explosion or damage you should realize there’s no insurance coverage to rebuild that home. Major Renovations Getting an updated kitchen, finishing a basement, or building an addition can be an extensive project.  These kinds of renovations increase the value of your home and thereby increase the cos ...

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The T Word... The Joy of Taxes

Written by on 2017-02-21 6:44 AM . It has 0 Comments.

By Mike Onotsky Yes, everyone it’s the dreaded T word…Taxes. We all hate taxes, but we know without them we would not have free health care, infrastructure repairs, or public transit to name a few things. The reality is that we all know taxes are a necessary evil if we want to live the lifestyle we are accustomed to. Today what I want to discuss is - paying our fair share, but not a penny more. As I am not an accountant, I will reserve conversation about tax savings, other than in the investment world, to someone else. RRSP Savings When it comes to saving for retirement, the first thing that comes to mind (aside from any pensions someone might have) is to make an RRSP contribution. While everyone loves the refund you get from making an RRSP contribution, there are a number of things to consider if you decide to put all of your eggs in this one basket. Yes, you will receive a refund from your contribution (assuming you would be net zero owing before the contribution and assuming you h ...

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More Convenience for You – Online Banking and e-Transfers

Written by on 2016-12-05 6:23 AM . It has 0 Comments.

Technology is changing how business does business. We understand that sometimes coming down to our location in downtown Kitchener can be a hassle, especially with the ongoing LRT construction. Now at Erb and Erb Insurance Brokers Ltd. we can accept Interac e-Transfer and Online Banking payments. Online Banking Starting on December 13, 2016 with Bank of Montreal clients Erb and Erb will be listed as a Payee. Soon after we’ll be available through the other major banking institutions. How do you use online banking? Log into your banking institution and follow your bank’s directions. Search for and add Erb and Erb, enter your Erb and Erb account code as your identification, enter the amount to pay, and send the payment. Very easy. If you don’t know your account number call us and we’ll help you. Tip: When making a payment be sure to schedule it at least 5 business days before the due date so that we can ensure payment is directed to the insurance company in a timely fashion. e-T ...

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