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Uninsurable? Here are 3 ways to get insurance

Being uninsurable in Canada can present a number of challenges, especially when it comes to getting the insurance you need. Whether you’re looking for life insurance, health insurance, or auto insurance, being uninsurable can make it seem like an impossible task.

But don’t give up! There are still options available to you. In this blog post, we’ll explore three different ways to get insurance even if you feel like it’s impossible.

1. Apply for a Special Risk Extension with your current insurer

If you’ve been declined for insurance coverage, your first step should be to apply for a special risk extension with your current insurer. A special risk extension is essentially a last-ditch effort by your insurer to provide you with coverage.

In order to be eligible for a special risk extension, you usually have to have been declined for coverage by two other insurers. You’ll also need to provide a detailed explanation of why you’re uninsurable and why you believe you should still be able to get coverage.

Tim’s Tips: What are some changes that can be made within your control? Being declined insurance coverage may be the wakeup call some people need to quit things like smoking or drugs. You can start by finding the resources you need at https://www.canada.ca/en/health-canada.html

2. Look into high-risk insurance pools

If you’re unable to get coverage through a special risk extension, your next best option is to look into high-risk insurance pools. High-risk insurance pools are basically government-sponsored insurance plans for people who are uninsurable.

Each province and territory in Canada have its own high-risk insurance pool, so you’ll need to do some research to see what’s available in your area. Generally speaking, high-risk insurance pools offer basic coverage at relatively high premiums.

3. Consider getting self-insured

Another option available to people who are uninsurable in Canada is self-insurance. With self-insurance, you essentially become your own insurer by setting aside money each month to cover potential future expenses.

Self-insurance can be a good option if you’re healthy and don’t anticipate needing much in the way of medical care or repairs. However, it’s important to note that self-insurance does not protect you from catastrophic events like serious accidents or illnesses.

Tim’s Tips: Self-insurance can be a costly venture. Consider seeking professional help from some experts first. Typically, a team like ours can find solutions that are more traditional.

Being uninsurable in Canada doesn’t mean that you have to go without insurance. There are still options available to you, even if traditional insurers have declined your coverage. By exploring all of your options and doing your research, you can find the right solution for your needs.

Do you need professional assistance finding the right insurance for you? We can help!


This doesn’t need to be complicated. If you have a question, just ask! Email us or give us a call and we can get to know each other. Coffee is on us!