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Canadians Cutting Insurance Amid Rising Costs | Vancouver News

Canadians Cutting Insurance Amid Rising Costs | Vancouver News

Published 2 weeks, 5 days ago
Description

One-third of Canadians are seriously considering cutting back on insurance to save money, with Gen Z leading the charge—over half saying they’ll reduce coverage. Many feel overwhelmed by complexity and rarely review their plans. Shockingly, 84% don’t fully understand what their policies cover, and 60% aren’t confident they’d be protected in a crisis. Skipping insurance may seem like a quick fix, but it could lead to devastating financial fallout—including losing your home or paying full repair costs out of pocket.

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