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FAQ
Car Insurance
How do claims affect my car insurance premium?
An at-fault claim will generally have an effect on your insurance premium. However, if you purchase the Responsible Driver Guarantee® through Grey Power, your first at-fault accident won’t count, and your insurance premium will not increase as a direct result of the first accident. Please contact one of our brokers for further information.
How do claims affect my car insurance premium?
An at-fault claim will generally have an effect on your insurance premium. However, if you purchase the Responsible Driver Guarantee® or Driving Record Protector through Grey Power, your first at-fault accident won’t count, and your insurance premium will not increase as a direct result of the first accident. Please contact one of our brokers for further information.
How do claims affect my car insurance premium?
An at-fault claim will generally have an effect on your insurance premium. However, if you purchase the Accident Rating Waiver through Grey Power, your first at-fault accident won’t count, and your insurance premium will not increase as a direct result of the first accident. Please contact one of our brokers for further information.
What determines the cost of my car insurance policy?
There are a number of factors that determine the cost of your car insurance policy, besides your driving record. Here are a few: where you live, year, make and model of your vehicle, usage of your vehicle, type of coverage you desire, claims history and information of other drivers listed on the policy. Together they determine your base premium. Make sure to check which discounts you are eligible for.
We travel to the US every winter. Can we suspend coverage while our vehicle is not being used or operated?
Many of our clients are “snowbirds”, so we do our best to accommodate them. If you are travelling for at least 45 continuous days, we can suspend coverage for your vehicle with a simple endorsement for the duration of your travels. If your policy currently includes Comprehensive coverage, your vehicle will still be insured against fire, theft and vandalism. Upon returning from your trip please give us a call so we can reinstate coverage on your vehicle.
Home Insurance
How do you determine the rebuilding value to insure my home?
Your Grey Power broker will ask questions regarding size or square footage, type of home (detached, semi-detached, etc.), the materials used to build the home as well as any upgrades and updates. This information determines the rebuilding value of your home. Consequently, the amounts of coverage for your personal property, additional living expenses and detached private structures are calculated as a percentage of the rebuilding cost.
What does “replacement cost” mean?
“Replacement cost” is the cost of repairing the damaged property with materials of similar kind or quality. It could also mean replacing it with new property of comparable quality or usefulness without deduction for depreciation. You must replace the lost or damaged item in order to benefit from replacement cost.
My home insurance doesn’t renew for several months but my car insurance comes up in a few weeks. Can I still get the My Car and Home™ discount?
Yes, you will be eligible to receive the My Car and Home™ discount on your car insurance right away. We can set up your car insurance policy for the upcoming renewal date and your home insurance to start effective its own renewal date as long as it comes due within the next 10 months.
General Insurance
What is a deductible?
A deductible is the amount you agree to pay towards the cost of any single claim. For car insurance, the deductible amount, if any, is shown on your Certificate of Automobile Insurance. Depending on the type of claim, you may need to pay a deductible even if it was determined that you were not at fault in the accident.
What information do we require to complete a quote?
To complete an auto quote, we simply require a few details on the driver(s), their insurance and driving history and the vehicle. We’ll need your name, address and postal code, date of birth, type of vehicle, usage of the vehicle and the type of coverage you would like.
To complete a home quote, we’ll need the age of your home, square footage, type of primary heat and all recent updates done to the dwelling (electrical, plumbing, roof etc.).
What are my payment options?
We offer the convenience of either monthly, 3-pay or 1-pay plans. Whether you choose to pay off your premium all at once, split it into 3 installments or pay for a My Car and Home™ policy monthly, there are no administrative fees.
What are my payment options?
We offer the convenience of either monthly, 3-pay or 1-pay plans, all of which have no administrative fees.
What are my payment options?
We offer the convenience of either a monthly or 1-pay plan, both of which have no administrative fees.
Make your payments through:
- Automatic withdrawals from your bank account (monthly plan only)
- Cheque or money order
- Credit card (VISA, MasterCard)
**Please note that if you choose to make your payment by credit card you will need to authorize and provide payment details on an annual basis. Learn more about payment options click here.
How do I renew my policy?
Your policy is renewed automatically every year unless you specifically request to cancel it or it is cancelled by registered letter by your insurance company. The policy will be in force on the date specified as the effective date in your renewal documents. There is no action required on your behalf to renew aside from paying your premium.
Looking for GP Car and Home?
Why have we changed our name back to Grey Power?
Grey Power has been in business for nearly 20 years and it is a well-respected name that Canadians know and trust. That’s why we have proudly gone back to our roots and changed our name back to Grey Power. Here’s what hasn’t changed: our continued focus on providing experienced drivers with better car insurance rates. Let us assure you that you are still insured with Trafalgar Insurance Company of Canada and the name change will not impact your coverage or your premium. No action is required from you to maintain your coverage.
This is an overview of some of the benefits for which you may be eligible and is for informational purposes only. Some conditions and restrictions may apply. Please refer to your insurance policy, or ask your Grey Power broker for full details of the coverage.