Winnipeg MPI – What Should I Do After An Accident? Your Step-By-Step

If you’re enrolled in the Manitoba Public Insurance program (MPI), you may have some questions about what you’re supposed to do in case of an accident. After being involved in a serious accident, it’s hard to keep things straight, and properly report your accident.

That’s why we’re here with a step-by-step guide on what you should do to report your accident to the MPI. Follow this guide, and the claims process is sure to go smoothly.

1. Stay Safe – Get Out Of The Way!

The first thing you should do is keep yourself safe. Call the authorities as soon as an accident occurs, and exchange information with anyone else who was involved in the incident. You won’t need to call the authorities for a fender-bender, but you’ll need to notify police if your accident involves:

● Fatalities
● Hospitalization due to injury
● Unlicensed drivers or unregistered vehicles
● An unidentified vehicle (or “hit and run)
● A failure to get insurance/personal information from another driver
● Impairment due to controlled substances

When possible, move all damaged vehicles to the right of the road, to keep it clear for other drivers, and wait until the authorities arrive.

2. Get Statements And Information From All Involved Drivers

The police will usually ask for statements from each driver involved in the accident. They will file these reports with the relevant authorities, so that usually covers all of the required statements.

However, if you’re involved in a minor accident and authorities aren’t needed, make sure you get a statement and the information of the other driver, so that you can provide it to the Winnipeg MPI.

3. Fill Out The Accident Report Form

After you’re safe and have the information of the other driver, you should fill out an accident report form as soon as possible. A properly filled-out accident report form ensures that your claim can be processed quickly and effectively.

4. Report Your Accident (Even If There Was No Damage)

After you fill out your accident report form, give the MPI a call to report your incident – even if there was no/minimal damage to either vehicle.

If you’re within Winnipeg, call 204-985-7000. If you’re outside of Winnipeg, use the toll-free number 1-800-665-2410. If you’re out of the Manitoba province entirely, call 1-800-661-6051.

When reporting your accident, you’ll need:

● The registration of your vehicle
● The drivers’ licence of whichever individual was driving the vehicle
● The details regarding your accident (when, where, why, how it happened)
● Details about other drivers/vehicles involved
● Information related to any witnesses to the accident

During this time, a MPI representative will take your preliminary report if you’re claiming damages, and they will discuss your damage assessment options.

5. Drive Your Vehicle In For Assessment, Or Get A Tow

If your vehicle is still driveable, you can take it into a nearby service station, as instructed by your MPI representative. If your vehicle cannot be driven, the MPI will cover reasonable tow fees to have it taken to a nearby, MPI-partnered shop. See this page for more information about towing.

6. Have Damages Estimated By The MPI

If you’re claiming damages, do not repair any damage before the MPI sees it. Only temporary/emergency repairs that prevent further damage should be undertaken. Without seeing the extent of damages caused to your vehicle, MPI claims officers won’t be able to make a proper estimate.

Damages to your vehicle will be assessed by an MPI inspection officer, and you’ll be informed about their findings as soon as this assessment is completed.

7. Complete The Claims Process

After your vehicle has been assessed, the claims process is nearly complete. Get in touch with the MPI to learn more about your compensation, and details about your case, and further details about the incident. You’re done – if there are any further actions you must take, your MPI contact will let you know!

Don’t Be Intimidated By The MPI Claims Process!

Filing a claim with the MPI is just about as easy as filing a claim with any other insurance agency. So follow these quick tips to help you make sense of the MPI claims process, and rest assured, knowing that your claim will be resolved quickly!

How To Prepare For Interest Rate Trends In Winnipeg

Not many in Winnipeg can believe that the (much-fretted-over by some and anticipated by others) interest rate hike really happened. When The Bank of Canada raised its lending rate from 0.5% to 0.75%, those who were probably not supposed to be shocked, were surprised nonetheless. It isn’t so much that the rate hike is significant for many lenders or borrowers, which means very little change for long-term loans; it is that there might be a trend on the horizon that could lead to significance for people’s financial situations.

Most people who currently have loans might pay just a little more every month on their line of credit debt if they chose the variable rate option. The most highly-affected types of loans to experience any alteration at all will be those with variable rates, which encompasses most of the loans in Winnipeg.

Although the hike is an excellent sign for the overall economy, it is putting the financial world, and the average credit loan consumer, on notice. The hike shows that the central bank has confidence that the economy can handle the rise. The interest rates have been historically low since they started to fall in the 1980s.

For more than 30 years, Winnipeg consumers have enjoyed low interest rates and high bond yields. But — as any economist knows — what goes down must eventually come back up. And although it has been rumored for so long that people might have lost the belief it would happen, it did.

So, what does that mean for the average consumer’s financial situation and line of credit Winnipeg status? Right now, it doesn’t mean much. The impact of the recent hike will not do much to affect anyone’s monthly budget. But if the rates continue to rise, it could cause a huge problem for those who have borrowed a large sum under the variable rate option and didn’t have the cushion in their budget to accommodate for it.

If you are someone who has a large mortgage or high credit card balances, the best way to combat the increase in interest rate hikes is by aggressively beginning to pay down your credit cards as soon as possible. But in reality, that isn’t something that consumers shouldn’t already be trying to do.

For those who have home-equity credit lines with variable rate options, they should likewise consider either locking them into a fixed rate at some point soon or paying them down to a manageable amount. When interest rates rise, it becomes much harder to put money down toward the principal. So that could have many people only able to afford the minimum payment, which covers the interest and could lead them to hold the loan for much longer than they anticipated.

Statistics indicate that as many as 7 in 10 borrowers said that they would have to struggle in their monthly budgets if the rate rose as much as one percent. If one percent means about $130 more a month, many borrowers say that would create a huge problem for their budgeting and would impact their family.

Financial advisors suggest that if you are one of those people who are in the position where a one-percent hike could put your financial situation into a freefall, now is the time to start adjusting your finances to anticipate for the likely future increase of interest rates.

Although in the past 20 years mention of a rate hike has not caused many advisors to suggest that you investigate fixed-rate options, if trends continue as anticipated, now might be a good time to start putting real thought into locking in a fixed rate to manage your future.

If you are already tight on your monthly budget, forecasts are that the recent hike might have been a minimal one, but it most certainly is not expected to be the last one on the horizon. Start to pay down any credit card loans or home equity balances you carry as aggressively as you can. And, if you carry a large mortgage, now might be the time to consider rolling it all over into a fixed rate so that you aren’t stuck with more expense in your budget than you can handle.

3 Essential Tenant Insurance Tips for Students

When joining college, the last thing that parents and students think about is renter’s insurance. At first, it might not seem important. Until your laptop gets lost or a fire occurs. In this case, your expensive possessions, entertainment systems, TV, clothing, and other electronics, are at risk. You want to invest in some form of insurance before you move in. But how much do you know about tenant insurance for college students?

Well, this post is going to enlighten you on some of the essential tips for insurance. Read on to learn more.

1. Where You Live Matters

If you live in on-campus housing or at home, your parent’s renters insurance policy will cover you. But you might want to learn more about living in on-campus housing. The Association of Insurance Commissioners (NAIC) says that students aged below 26 years can only use their parent’s tenant insurance if they live in a dorm.

In this case, you want to know more about the insurance’s property limit. For example, if your parent’s home insurance company offer off-premise coverage, be sure to know what percentage is allocated to it. The insurer can limit the coverage to 10 percent of your parent’s renters insurance. This coverage can also have limits on items, such as laptops.

If the policy has limits, your parents will need to add a floater (personal property coverage) to their plan to cover all your valuables while at school. All schools have recommendations for safety and protection of personal belongings. Be sure to get this information from your college in advance.

2. Off-Campus Housing

Some students enjoy the freedom of living off campus. Therefore, they’ll consider renting a house with a roommate to co-share the costs. This certainly comes with various financial obligations, including the tenant insurance cover. How exactly are you going to handle this?

For an off-campus living, your parents’ insurance won’t extend to your house and belongings. You’ll need to get a tenant insurance policy to cover your possessions from any possible loss. The policy will also provide liability coverage to protect anyone who get’s injured in your house or any accidental damage to the property.

You’ll need to ask your agent about the policy’s limit. Some plans may also require additional coverage for specific valuable items. Also, remember to keep an inventory of your possessions as this might help when filing claims.

3. Things to Keep in Mind

Without insurance, you’re personally liable for all damages to the building that are caused by your actions. You’ll also be responsible for any person who is injured in your place. Landlords have few legal obligations when it comes to compensating tenants for any loss they may experience on their property.

In fact, some landlords usually require new tenants to have a renter’s insurance before renting a house. With the rise of theft on campuses, having a contents insurance is something you can’t just ignore. If you’re unfamiliar with these insurance providers, squareoneinsurance.com for example, could be a perfect site for getting to know all the basics.

A personalized insurance plan allows you to protect your favorite items and only pay for what you need. You can also get protection for critical cases, such as break-ins, fires, burst pipes, and sewer backups.

Get Covered!

Joining college for the first time is usually quite exciting. There are many things to learn and new people to meet. With that in mind, don’t overlook the importance of insurance to cover your personal belongings. Talk to your parents about getting student’s insurance before you leave for college. Be sure to work with an insurance company that has excellent customer service and handles claims professionally.

Who Will Trump’s Health Plan Affect the Most

President Trump’s new healthcare plan has come under scrutiny. There are going to be winners and losers. The winners are mainly the rich because they’ll see a cut in how much they spend. But there are losers elsewhere. Let’s take a look at the five groups who’re going to lose out the most.

  1. The Poor Who Will Lose Insurance

Low-income Americans were able to get health insurance for the first time under Obamacare. But this new healthcare plan will pull insurance for these low-income Americans. The poor are set to be without health insurance, and early estimates indicate that up to 20% of all Americans could be without a health care plan. This amount would rocket to levels higher than those in the Bush years.

  1. The Low-Income Americans Who Struggle with Premiums

Low-income Americans who can afford insurance will be struggling to pay higher premiums. Under the proposals, insurers will be able to charge more than ever before. And it goes further than basic healthcare Humana dental insurance will also go up in price. The nation’s oral health is sure to suffer under the new plans because many low-income Americans are expected to get rid of dental coverage to pay for more traditional coverage.

  1. Anyone with a Pre-Existing Condition

Obamacare stipulated that insurers couldn’t discriminate against anyone with a pre-existing condition. Now insurers will be able to discriminate again. They won’t necessarily refuse to insure anyone with a pre-existing condition, but they will make it excessively expensive. It means that many people with lifelong illnesses are going to either pay up the money or live without coverage.

  1. Citizens Who Live in the Poorer States

The new bill will shift the burden for health care from the Federal government to individual states. Many poorer states won’t have the money to cover everyone. To counter this they’ll tighten eligibility and cut many benefits. Citizens living in the Mid-West will certainly find it harder and more expensive to get covered under this new bill.

  1. The Elderly Will Lose Coverage

The elderly have always had it tough because of their perceived higher risk among insurers. Obamacare did not completely deal with this, but it made it easier for the elderly to get coverage at an affordable price. President Trump intends to make it harder than ever for the elderly to get the healthcare they need by rolling back expansion plans for Medicaid and other similar programs. The elderly will find it more expensive, and if they are living on a low, fixed income they may have to get rid of their medical insurance policies entirely.

  1. Healthcare is About to Changeand Not for the Better

The rich and the young are those who will see decreases in their insurance premiums. Those who need this coverage the most, however, will find it tougher in the coming years. Millions of Americans will have little or no access to good healthcare under the new bill.

What do you think of the Trump bill to repeal and replace Obamacare?