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Consumer Rights - How We Handle User Rights | AMICO

Insurance companies, along with the brokers and agents who sell home, auto, farm, and commercial insurance coverage, are committed to safeguarding your rights when you shop for insurance and when you submit a claim following a loss. Your rights include the right to be informed fully, to be treated fairly, to timely complaint resolution, and to privacy. These rights are grounded in the contract between you and your insurer and the insurance laws of your province. With rights come responsibilities including, for example, the expectation that you will provide complete and accurate information to your insurer. Your policy outlines other important responsibilities. Insurers, their distribution networks, and governments also have important roles to play in ensuring that your rights are protected.


Right To Be Informed

You can expect to access clear information about your policy, your coverage, and the claims settlement process. You have the right to an explanation of how insurance works and how it will meet your needs. You also have a right to know how insurers calculate price based on relevant facts.

You have the right to ask who is providing compensation to your broker or agent for the sale of your insurance. Your broker or agent will provide information detailing for you how he or she is paid, by whom, and in what ways.

Insurance companies will disclose their compensation arrangements with their distribution networks. Brokers and agents are committed to providing information relating to ownership, financing, and other relevant information.

Responsibility To Ask Questions And Share Information

To safeguard your right to purchase appropriate coverage at a competitive price, you should ask questions about your policy so that you understand what it covers and what your obligations are under it. You can access information through brochures, websites, and through one-on-one meetings with your broker, agent, or company representative. You have the option to shop the marketplace for the combination of overages and service levels that best suit your insurance needs. To maintain your protection against loss, you must promptly inform your insurance company or broker or agent of any change in your circumstances.

Right To Complaint Resolution

Insurance companies, their brokers, and their agents are committed to the highest standards of customer service. If you have a complaint about the service you have received from Algoma Mutual Insurance Co., you have a right to access our complaint resolution process. Your insurer, agent, or broker can provide you with information about how you can ensure that your complaint is prompty reviewed and handled. Disputes involving claims settlement matters should be directed to our Company Ombudsman/Liason Representative. Contact Algoma Mutual Insurance Co. for information on how to initiate the complaint process. Our goal as a mutual insurance company is to treat Policyholders in a fair, courteous, and timely manner.

If, for any reason, your complaint is not resolved satisfactorily, you may contact the Financial Service Regulatory Authority of Ontario where your complaint may be referred to an independent mediator. Financial Service Regulatory Authority of Ontario, 5160 Yonge Street, 16th Floor, Toronto, ON M2N 6L9, Telephone: 416-250-7250; Toll Free: 1-800-668-0128

FSRA Complaint Form

Responsibility To Resolve Disputes

You should always enter into the dispute resolution process in good faith, provide required information in a timely manner, and remain open to recommendations made by independent observers as part of that process.

Right To Professional Service

You have the right to deal with insurance professionals who exhibit a high ethical standard, which includes acting with honesty, integrity, fairness, and skill. Brokers and agents must exhibit extensive knowledge of the product, its overages, and its limitations in order to best serve you. These standards are outlined in “A Consumer’s Guide to Property and Casualty Insurance Transactions,” supported by members of the Insurance Brokers Association of Canada.

Right To Privacy

Because it is important for you to disclose any and all information required by an insurer to provide the insurance coverage that best suits you, you have the right to know that your information will be used for the purpose set out in the privacy statement made available to you by your broker, agent or insurance representative. This information will not be disclosed to anyone except as permitted by law. Insurers are always subject to Canada’s privacy laws.