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Disclosure Letter

Our Broker Compensation

To clients of Insurance Store Inc. (“Insurance Store”)

Thank you for your business. As your Independent Insurance Broker, we recommend insurance products and services that are available, affordable, and understandable.

Our role is to provide you with insurance value that combines coverage, service and price. We also provide professional insurance advice, ongoing policy maintenance and claims support. When an issue arises regarding your insurance coverage, we are your advocate. We use our professional experience to represent your personal interest.

Brokerage compensation is part of your insurance premium. For your benefit, we have listed below the property and automobile insurers that we represent and have included the range of compensation each provides as a percentage of your overall premium.

Aviva Insurance Company* 10% – 20%

Coachman 10% – 20%

Chubb Insurance 10% – 20%

Commonwell Mutual Insurance* 10% – 20%

Echelon* 10% – 20%

Economical, Underwritten by Definity Ins Co* 7% – 20%

Edge Mutual Insurance Company* 10% – 20%

Gore Mutual Insurance Company* 10% – 20%

Gore Mutual Insurance (Program)* 14.5%-22%

Heartland Farm Mutual* 10% – 20%

INTACT Insurance* 10% – 20%

Kent & Essex Mutual Insurance Company* 10% – 20%

Northbridge Insurance* 10% – 20%

SGI Insurance Canada* 10% – 20%

Specialty Insurance Markets 10% – 20%

Travelers Insurance Company* 10%-20%

USLI Insurance Company 10% – 20%

Wawanesa 10% – 20%

Zurich 10% – 20%

This commission percentage is paid annually for both new policies and policy renewals. Should there be an increase in the commission schedule from your insurer, or any other material change that affects compensation arrangements, we will notify you.

Insurance Store Inc. also deals with over two dozen intermediaries providing access to different insurers through special programs and other agreements. Speak with your broker if you believe this situation may apply to you.

In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of risks they seek. The Insurers with an asterisk * noted above recognize our efforts through a contingent (profit) commission contract. Payment of this contingent (profit) commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services provided on behalf of the insurer. Contingent (profit) commission is not guaranteed. For detailed information on contingent commission, please go to the individual company’s website.

Your insurer will provide you with a Consumer Code of Rights and Responsibilities that will be forwarded to you with your policy. If you have any questions regarding this, or any other aspect of your insurance, please contact us at

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