Transferring a mortgage and breaking a mortgage are two different things. And one comes with penalties.

Modern advancements have turned cars into places of leisure and convenience. You can settle into warm seats on a chilly winter day, call your spouse hands-free on the way to work, and navigate to a restaurant you’ve never been to before entirely through your car’s centre console.

While the premiums policyholders pay are primarily how insurance companies make money, this is just the starting point of the business model. After all, insurance companies have to make enough money to offset claim payments.

Red wine spills. Frozen food spoilage. Freak thunderstorms that ruin your furniture. There’s a claim for that.