PAIB Insurance Inc.

How does an insurance company determine what my rate of insurance will be?
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Car insurance companies consider a lot of different factors when calculating rates.  Make and model, including safety options, theft, cost of repairs or replacement and an individual driver’s history can all impact how expensive your payments will be.  If you are looking at acquiring a new vehicle and want to decrease the cost of your car insurance rates, try to look at some of the controllable variables before making a purchase. Seatbelts optional One of the most important factors when considering insurance rates is the make and model of your vehicle. Insurance companies generally paint a picture of the driver…

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Social Media Liability
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Our most recent blog post talked about Cyber Security and how to protect your business from a breach, but, did you know you can land yourself in hot water just by using social media? A business with a social media presence can experience all types of exposure, good and bad. Social media provides brand awareness, increased customer service and the ability for clients and customers to offer feedback. Unfortunately, this also means that customers typically won’t spend the extra time to contact you directly, rather, resorting to posting a complaint online in the public sphere. This can be damaging to…

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Cyber Security in the Digital Age
Cyber Security in the Digital Age
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In recent news, it was announced that hackers allied with the Russian government developed a cyber weapon, dubbed CrashOverride, that can disrupt power grids remotely for days at a time in what is the culmination of over a decade of theory and attack scenarios[1]. This sounds catastrophic, but it is not a doomsday scenario. Operators are used to restoring power by hand, due, in large part, to the manual processes that have been in place for years. But, we’re not in the clear just yet. This new development is part of a larger framework and a breeding ground for future…

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The Sharing Economy and Your Home
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There is a burgeoning online economy growing out of peer-to-peer based sharing of goods and services. It is known as the sharing economy, and with its growing popularity comes concerns around regulation and consumer protection. Further to these concerns is the need to address gaps in insurance coverage, especially pertaining to the home-sharing model familiar to some rental networks like Airbnb, Flipkey and HomeAway. Short-term rentals are different from long-term tenancy agreements in that the duration of stay is much shorter and the turnover of tenants is more frequent. These short-term stays are promoted through digital platforms where home-owners are able…

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Overland Water Endorsement and Climate Change
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Water damage: is it caused by flooding? Or overland runoff? What is the source of the damage? Is it salt water, or fresh water? The differences may be minute, but the damages are just the same. Making a claim for water damage can open a can of worms but the details can be as subtle as the presence of salt in the water. Overland water occurs when a sudden accumulation or run-off of surface waters – including torrential rainfall and spring thaw – overflows from a body of fresh water. On the contrary, Flood is the result of coastal flooding…

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Planning, Preparedness and Prevention: The Three Ps of Risk Management
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Spring is underway, even if the current forecast defies that notion. Disagreeable weather can be unpleasant at best and disastrous at worst, but there’s one particular forecast that can actually help you regain control. In business, risk management is the forecasting and evaluation of financial risks that have been prescribed with a set of mitigating procedures. Risk factors are present within and throughout any organization, you can never eliminate them, but by providing a clear and structured plan you can minimize the impact of a loss if one should occur. Risk management can seem like a daunting undertaking, but it…

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Is my snowmobile covered by my house insurance while in my garage?
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While there are still a couple of months of winter ahead of us, we thought this would be the perfect opportunity to take to task one of our most-asked seasonal insurance questions: Does my home policy cover my snowmobile/ATV or other seasonal vehicles while it’s parked in the garage? Here at PAIB Insurance Inc., we know how much you care about your toys and we understand how important these investments can be. Figuring out how to cover your investments is a logical concern, and we want to break it down for you. Let’s start by defining a seasonal vehicle. In…

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Get Your Tenant Insurance ONLINE from the Comfort of Your Home!
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Quick there has been a flood… you are a tenant and find out the landlord’s insurance doesn’t cover your belongings! You’ve now lost everything and it’s three weeks to Christmas. DON’T LET THIS BE YOU! DONE ONLINE – RECEIVE IMMEDIATE COVERAGE At PAIB Insurance Inc. we know how crazy life can be.  We know you can’t leave work whenever to go fill out paperwork but we also know how important coverage is.  Keeping that in mind we created an online resource, unique to us, that will allow you to click through and complete the necessary documents to obtain immediate coverage…

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contest rules
PAIB Insurance Inc. Contest Rules
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To celebrate the launch of our new website and social media channels, PAIB Insurance Inc. is holding a Facebook contest where prizes will be awarded upon our achieving certain ‘like’ milestones. We will be awarding a free pre-paid Visa card to a randomly chosen winner upon reaching each respective Facebook tier (250, 500, 750, and 1000 likes). Additional ballots will be awarded for those who submit a free online insurance quote through the official PAIB Insurance Inc. website ( For rules, regulations, and eligibility requirements, please review the following below: HOW TO ENTER No purchase required. To enter the Contest, visit the…

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insurance myths
Insurance Myths
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For many people, insurance can be a complicated issue. Unfortunately, some common myths seem to pervade the general thinking when it comes to the insurance world in general. We’d like to do our best to debunk some of these as they often misdirect or misinform when making policy decisions and can even end up costing more money in the long run. We want our clients feeling empowered when it comes to the decision making process regarding their coverage options and we implore you to read the following!   MYTH   My ATV / snowmobile is automatically covered under my home…

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