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  • Buying a Home
    • Why Work With a Mortgage Broker?
    • Steps to Mortgage Approval
    • Understanding Mortgages >
      • Mortgage Types & Rates
      • Being a Responsible Borrower
      • Your Mortgage Contract
      • Being Aware of Risks
    • Mortgage Insurance
    • Real Estate Fraud
    • Find a Mortgage Broker
  • For Mortgage Brokers
    • Our Role in Advocacy
    • Value of membership >
      • Affinity Program
    • RECA Guides & Industry Tools
    • Compliance Toolkit
    • Become a Member
    • Member Portal Login
  • Join Our Industry
    • Why Become a Mortgage Broker
    • Apply for Mortgage Courses
    • How to get licensed in Alberta
    • Join a Member Company
    • Industry Job Board
    • Newly Licenced >
      • Finding a Brokerage
    • 2025 Sponsorship Packages
  • Events & News
    • 50th Anniversary
    • 2025 Alberta Mortgage Conference
    • Awards
    • Event Calendar
    • Industry News
  • About Us
    • Our Mission & Strategic Plan
    • Board of Directors
    • Committees >
      • Join a Committee
      • Audit, Finance & Risk Committee
      • DEI Advisory Committee
      • Education & Professional Development Committee
      • Governance Committee
      • Political Action Committee
      • Professional Standards Committee
      • Women of AMBA Committee
      • 2025 Awards Adjudication Working Group
      • 50th Anniversary Advisory Committee
    • Code of Conduct
    • Our Team
    • Contact
  • Blogs & Articles

Blogs & Articles

How to Save on Your Insurance

5/30/2023

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BrokerLink Insurance offers Alberta Mortgage Brokers Association (AMBA) members exclusive discounts on personal home and auto insurance.
 
We’re all looking for ways to be savvier about how we are spending our money these days. Whether it’s cutting back on eating out or looking at what household expenses could be shaved back a little, everyone is trying to keep some extra dollars in their wallet. If you’re trying to save money in different areas of your budget, it’s a good idea to also look over your insurance policies.
 
How to save money on your insurance:
​
  • Increase your deductible. You can save money by choosing a higher deductible. WARNING: Carefully consider this option and make sure you can afford to pay your deductible amount out-of-pocket if you need to make an insurance claim. Read a guide on insurance premiums and deductibles.
  • Bundle and save. Whether you have home and auto insurance or more than one vehicle to insure you’ll likely receive a multi-policy discount if you keep them together. Did you know BrokerLink has a bundle + save program? Check it out here.
  • Take advantage of insurance discounts. Always check with your advisor if you might be eligible for insurance discounts. Having winter tires, for example, may allow you to qualify in some provinces. Read more on how winter tires increase your safety and whether you need them here.
  • Keep claims to a minimum. Did you know most insurers give discounts to customers who are claims-free? When considering making a claim, assess whether it’s worth it, or if it’s better to pay for low-value damage yourself and keep your claims-free status.
  • Home improvements to reduce damage.  Installing a sump pump or a backwater valve, for example, could reduce your chances of having to make a water damage claim – it also usually reduces the premium on your home insurance.
  • Watch your driving. The way you drive can affect your insurance. Tickets and convictions can increase your premiums due to the increased risk you pose to yourself and others. Always ensure you are driving the speed limit, obeying traffic rules, and taking care on the roads. If your insurer uses usage-based insurance (UBI) technology to track your driving habits, make sure you’re enrolled. If you’re a safe driver, it can have a positive impact on your premium.
  • Safety measures to protect your car and home. Install a home security system. Add an anti-theft device or dash cam to your vehicle. This can reduce the risk of theft and damage to your property. Don’t forget to mention to your advisor that you have these safety measures in place as you may be eligible for discounts.
  • Shop your insurance with a broker and review your coverage needs. A broker takes the time to review and compare your coverage options with different insurance companies. Getting an insurance review by a broker is free and always a good idea to ensure you’re not paying more than you need to, but still have adequate coverage in place for your unique situation.
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There are plenty of options that can reduce the stress of paying for insurance coverage. Talk to a group insurance advisor today about bundling your policies, increasing deductibles, and reevaluating your coverage needs.

Rest Assured, BrokerLink Has You Covered*
 
Contact BrokerLink today!
 
Call 1.833.998.3798 or visit us at BrokerLink.ca/AMBA
 
*Subject to policy conditions and exclusions. ©2023 Brokerlink Inc. ™BrokerLink & Design is a trademark of Brokerlink Inc. All rights reserved.
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Congratulations to the 2023 AMBACelebrates nominees!

5/10/2023

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​AMBA celebrates the achievements and successes of outstanding mortgage professionals across the province through AMBACelebrates – our awards and recognition program.
 
We are thrilled to announce the 2023 award nominees!

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  • Amanda Woolward
  • Amy Rogers
  • Bonnie Trombetta
  • Braden Gabert
  • Connie Graham
  • Sarah Strauss
  • Shannon Lazorko
  • Sundeep Randhawa
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  • Brad Stover
  • Elena Russell
  • Hayley Cross
  • Jackie Kurysh
  • Jason Provencher
  • Julie Windebank
  • Mary Juneau
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  • Brian Gentles
  • Margaret Geall
  • Sarah Strauss
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  • Casey Tyrkalo
  • Jessica Yip
  • Robyn Fenske
  • Tracy Regier
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  • Alta West Capital
  • Bhavna Bhasin
  • Dennis Ward
  • Imran Thaver
  • Lori Ward
  • Sarah Strauss
  • Tara Borle
  • Ryan Spence
  • Vittorio Oliverio
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  • Paula Hutton
  • Phil LaRue

Congratulations to all these AMBA all-stars! Catch all the action as the winners are announced at the AMBACelebrates Awards + Recognition Gala on June 8, 2023.
Click here to register!

​For more information on our awards and recognition program, visit AMBA’s Awards & Recognition page on amba.ca.
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Alberta Mortgage Brokers Association
7326 10th Street NE, Suite 310   
​Calgary, AB T2E 8W1
Phone: 587.774.9828 
​Email: [email protected]
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At the Alberta Mortgage Brokers Association, we acknowledge that our work in the housing industry is deeply connected to the land we call home. We recognize and pay tribute to the traditional territories of the peoples of Treaties 4, 6, 7, 8 and 10.  We also honour the Métis Nation of Alberta.  As we work to facilitate homeownership in Alberta, we remember that we operate on land that has been home to Indigenous peoples for generations.