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For many BC residents, a vehicle is practically a second home. It makes sense when you consider the commutes to and from work, points of leisure, and more. If you count yourself among those that spend a lot of the time on the road, you may be tempted to outfit your vehicle with appendages in […]

The changes to ICBC’s new insurance rating model caused quite a stir when they were first announced, and now with September 1 (2019) launch date around the corner the provincial government has stepped in to make some amendments to new rules regarding premium calculations. The adjustments were made on May 10, and today, Park Insurance […]

This week, BC Hydro issued a press release regarding a phishing attack that has been spoofing their email to lure customers into giving up banking information in order to obtain a refund. Thousands of scam emails have gone out across the province and into an inbox near you. While the general public must always be […]

Nearly every month ICBC runs a new campaign to target a road safety concern. Here at the onset of May, their latest campaign asks the province to help make the roads safer by urging all drivers to slow down. And therein lies the quandary. The call to “slow down” should be enough, right? After all, […]

By definition, a material change is a standard insurance policy statutory condition that states you must give immediate notice in writing to an insurer or broker of any change that is directly relevant to liability risk and within your knowledge and control. Any failure to promptly disclose this information can void your policy. While material change in risk […]

This month, ICBC is expanding upon its Road Safety Speaker Program, with speakers sharing personal experiences with high school students about risky driving and the importance of making smart decisions behind the wheel. With at least two young driver fatalities per month and 20 youth injuries daily across the province, it is critical for teens to […]

Pets have a positive impact on our lives in so many ways, especially here in BC where the SPCA found homes for nearly 14,500 animals last year alone. But for all of the good times and emotional support that they provide, they also present insurance concerns that you may not have anticipated. Whether you have […]

We spend a lot of time discussing how businesses can protect themselves from extreme weather and other climate concerns. However, what about when a business itself is directly or even indirectly responsible for an event that negatively impacts the environment?  In 2019 the corporate veil has been lifted and companies are being held accountable by […]

Whether you find this while planning for spring break or summer vacation, there’s one thing that parents have to account for when traveling with kids in tow – insurance risk. From tot to teen, your children present a set of vacation challenges that could cost you hundreds or thousands without proper planning.  Today, Park is […]

Spring break is here and all over BC households are heading out on vacation. And while it’s a time to fulfill wanderlust dreams, your trip can result in inconvenience or an outright nightmare if necessary precautions aren’t taken. To make sure it’s more of the former, Park has updated our annual list of spring break […]