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Obvi’s Top 5 Road Trips in Western Canada

obviroadtripObvi’s Top 5 Road Trips in Western Canada

As a Calgary based company, we love getting out of the city on road trips! When we’re not working hard you can often find our team in the mountains biking, hiking, or relaxing at one of the hot springs. Looking for some inspiration for your next road trip? Here are Obvi’s Top 5 Road Trips in Western Canada.

Icefields Parkway

The Icefields Parkway is considered one of the best drives in the world and connects Banff to Jasper. There are plenty of places to stop off on the way from lakes to glaciers and waterfalls. Our favorite things to see are turquoise Peyto Lake (you can get the best view from Bow Summit) and the glaciers at Columbia Icefields.

peyto lake

Peyto Lake

Sea to Sky Highway

Connecting Vancouver to Whistler, the Sea to Sky Highway is spectacular. Driving straight through takes about 1.5 – 2 hours, but there are plenty of awesome things to see and do on the way. One of the coolest things is the gondola connecting Whistler and Blackcomb Mountains. The route is 4.4km long and over 400m above the ground, and although it’s not guaranteed there are often sightings of numerous bears below you.

Vancouver Island

A trip to Vancouver wouldn’t be complete if you didn’t go to Vancouver Island, and a road trip is a brilliant way to explore and see what the island has to offer. For the most epic trip, spend a week or so on the island and follow the Heritage Discovery Circle Route on the East Coast from Victoria to Port Hardy. Explore everything in-between and with plenty of opportunities to enjoy nature and see wildlife, you’ll have a great time.

Trans-Canada Highway

The Trans-Canada Highway is a ridiculously long road running all the way across Canada, but our favorite part is between Lake Louise and Banff.  Coming from Calgary, we like to start in Banff and make our way slowly to Lake Louise, stopping off on the way to enjoy the scenery.

Once there, you can do a hike from Lake Louise to Lake Agnes Tea House (open from June to October) and enjoy the breath-taking view. Return back along the Trans-Canada highway and spend some time in Banff – maybe even head up Sulphur Mountain if you’re feeling adventurous or if you’re looking to chill, take a dip in the hot springs.

lake louise

Lake Louise

Drumheller and the Badlands

Drumheller is famous for the Royal Tyrell Museum of Paleontology, about 135km away from Calgary. The area around Drumheller, Dinosaur Provincial Park (a UNESCO World Heritage Site) is the richest place in the world in terms of dinosaur fossils, and this museum has a humongous collection. In fact, most of the 130,000+ fossils aren’t even on display and are behind the scenes, meaning that paleontologists from all over the world come to Drumheller to see specific fossils.

But another great thing about Drumheller is the Badlands; this spectacular area where the dinosaurs used to roam is an awesome destination when on a road trip. The hoodoos (a certain geological structure) seem unreal, and it’s an amazing place to explore and take photos.

Did we miss your favorite road trip spot? Send us a note and let us know where yours is!

Love going on road trips but worried about costs associated with your vehicle? Obvi has brought Extended Auto Warranty and GAP Insurance online in Western Canada, saving up to 70% compared to buying from the dealership and giving you better coverage. Get a quick online quote now.

What GAP Insurance Covers

what does gap insurance coverHeard of it, but not sure what GAP Insurance covers? You’ve come to the right place. We will explain 1) what GAP Insurance is and 2) why you might want to consider purchasing GAP Insurance

GAP Insurance definition: Guaranteed Auto (or Asset) Protection is a type of car insurance which protects your finances when a loan is taken out to pay for your car.

Let me paint a picture…..
An unexpected event occurs (accident, fire, flood, theft of your vehicle) and your vehicle is ruined. Your insurance company determines that the car is worth $13,000. This is less a lot less than you thought it would be. Why is that? You bought a new car, and it quickly depreciated in value over time.

You still owe $17,500 because you took out a risky long-term loan over 7 years, meaning
$17,500          – $13,000 = $4,500

What you owe – car worth = Amount you still owe
GAP Insurance protects you and will cover this $4,500 – this is the “GAP”.

What GAP Insurance covers

GAP Insurance is there to protect you from paying the loan off on a car you have unfortunately just lost. Chances are if you had to take out a big long-term loan to buy your new car, suddenly having to cough up $4,500 or so would really hurt your bank balance – if not be impossible.

Taking out a long-term loan is popular in Canada. CBC News reported that in 2018, 55 % of all new car loans were for at least 84 months (7 years). Unfortunately, people forget that having a loan over a long number of years does come with risks.

What else do I need to know about what GAP Insurance covers?

  • GAP Insurance is not just available if you purchased your vehicle, it also includes leased vehicles.
  • Traditionally, GAP Insurance was only sold through the dealer when purchasing a vehicle. However, this was expensive, the dealer was often not knowledgeable about the product and they also were not the ones who would handle your claim.
  • Obvi has completely changed GAP Insurance; by bringing the sales process online and cutting out the middleman, consumers can save up to 70%, there is no sales pressure and confusing technical jargon and consumers get a better product at a fair price.

To find out more about what GAP Insurance covers and if you are eligible, check out our GAP Insurance page or get an easy Instant Quote now.

Best Extended Car Warranty Company

Best extended car warranty company

Best extended car warranty company

When buying your extended car warranty, it’s important to make sure you have chosen a trustworthy and reliable company. How do you know what is the best extended car warranty company?

Understand the market

It’s a good idea to do some research and understand what is going on at an industry level when researching a company. For example, when looking for the best extended car warranty company, you need to understand that there are different places selling car warranties with differing motives.

The traditional method of car warranty sale in Canada is through the dealership when purchasing your car. However, this can come with many issues as salesmen are often motivated by making a quick high-pressured sale as they could earn up to 75% commission on extended warranties. They are not the business that will be dealing with you in the event of a claim and generally don’t have expertise in the product they are actually selling. The other option is going with an online company which are becoming more common. Many negative issues can be eliminated going this route. There is low sales pressure, you can deal with the same company when making a claim and cut out the middleman taking that big fee that you used to pay. When researching a new vehicle and warranty and the company providing it, it’s important to see the bigger picture and understand what kind of warranty you are getting and what process you are comfortable dealing with.

Word of mouth

If people you know and trust are telling you that they have had a great experience, this is a good way to get an introduction to a company which you can then find more information about online. Particularly when a company is new, word of mouth is really important because a new company may not have a lot of reviews yet.

Read reviews

Always check for reviews and read as many as you can! It’s important to see what customers are saying about a company, and whether or not they had a good experience. Having a few negative reviews isn’t necessarily a bad thing, after all you don’t know how trustworthy the reviewer is, but check to see if the company responded. An offer to resolve the issue, offer an explanation and apologise is better than ignoring the bad review. However, if there are numerous bad reviews and there is a recurring theme, be aware that you might experience the same issue.

Chat with or call them

Don’t hesitate to get in touch with the company if you have questions. A good extended car warranty company will respond quickly and have helpful customer service agents that are experienced and able to help you. If you don’t find that this is the case, it might be a warning sign!

We think Obvi is the best extended car warranty company

Obvi is completely changing extended car warranties in Western Canada. It’s eliminating all of the pain points that customers experience when buying at the dealer and providing warranties at a fair price by bringing it online. Obvi extended warranties provide a low pressure engaging process where you can take your time to research and readthe easy-to-understand policy.

Find out more info about Extended Warranties here or get a quick & easy quote now.

What we learned in 2018

What we learned in 2018

As 2018 has ended, Obvi enters 2019 with an exciting milestone – we now help Canadians save over $1,000,000 each month by going online for Extended Auto Warranty and GAP Insurance.  As we prepared last year to launch a game changing platform to deliver comprehensive coverage at a fair price, we knew it wouldn’t be easy given some of the stigma facing the industry from decades of poor contracts and sales practices. Whilst looking forward in 2019, we also wanted to share the most talked about changes we implemented in 2018:

Value of KMs.  So many Extended Warranties have short term options, but this fails to recognize that you are investing in the future of your vehicle. With coverage up to 175,000 KM and a transfer clause, Obvi recognizes the investment made in your vehicle. Even if you expect to sell or trade your vehicle after 5 years, a 7 year/175,000KM policy drastically increases the value of your vehicle.  Without the KMs, the value of a warranty diminishes greatly.

The actual role of an auto dealer.  The role of the dealer is to sell another insurance providers’ Extended Warranty and GAP Insurance products, which are probably the only insurance products today that allow for a point of sale commission of 2 or 3 times the actual premium – it only makes sense to cut out the middleman to deliver customers fair pricing.

Realtime advice that counts. It is important for the team at Obvi that we can communicate instantly through our instant chat system to answer questions and service our customers. What separates Obvi’s advice is that you are speaking with licensed insurance advisors from the same office that will see you through a claim.  This service model creates a culture that not only celebrates new customers but those same customers who are satisfied with a claim.

Reviews. The reality is that insurance, or any financial product for that matter, isn’t something customers like to review or blog about.  Launching a new brand with a product that might not be called on for many years makes it even more interesting.  Our mission is simple – create a trusted and transparent brand that’s focused on bringing value and a better experience to customers. We see it as important to stay engaged and present on social media, Google, and places like the Better Business Bureau to grow trust and allow customers to see how we are doing.

Warranty as an Insurance Policy? Most Canadians don’t associate vehicle warranty as an insurance policy, but it is a requirement in most provinces today. The insurance industry is highly regulated to ensure that customers are treated fairly – especially when it comes to claims.

We live in an online world. Everything we do has an online option so why doesn’t this come to mind with insurance?  The Insurance industry is caught between legacy players fighting to hang on and innovators like Obvi creating real time solutions for Canadians. Major banks in Canada simply embraced and promoted the benefits of technology, where as the Insurance industry hasn’t been so ready to change.

It was recently reported that residents of British Columbia could save $434,000,000 if ICBC could create an online solution – will they innovate and find a way to pass along the savings? We hope so, just as we are doing with our specialty products.

Obvi In The News – Calgary’s Business

Obvi  discusses the insurtech space and how Obvi is re-imagining extended warranty and GAP insurance with Calgary’s Business. Read the full article here or visit  the Calgary’s Business Website.

https://calgarysbusiness.ca/calgarys-movers-and-shakers/technology-re-imagine-insurance/

Obvi sells extended warranty and GAP insurance policies direct to you. Go to Obvi.ca and get a free instant quote and protect yourself from unexpected repair bills.

Check out our blog to learn more about vehicle warranties and what to know when deciding how to protect your investment.

News Release: Obvi Insurance Myth Busting: The Top 6 Problems With Traditional Car Warranties

For Immediate Release

Calgary, Alberta, May 21, 2018 – There are significant problems with the perception of the extended warranty business. Obvi Inc. is rebuilding this reputation and is tackling some of the biggest problems facing consumers head on.

“There are so many problems – from cost to complexity. The Obvi team is passionate about four things: simplicity, transparency, value, and efficiency,” explains Joe McBurney, Obvi President. “We want to make things simple for our customers to understand. Breaking down the most common problems with traditional extended warranties for automobiles is an important place to start.”

1 – Warranties that cost far more than the repairs themselves. “The math is simple: $3,000, $4,000, or $5,000 warranties just don’t make sense. Your transferring the risk without benefit of the losses of the few paid by the many at this price point” said McBurney.

2 – Terms of coverage often expire before a failure will occur. Most major mechanical breakdowns occur between 120,000 – 160,000 kilometers, a fair policy must cover this time period – many warranty providers offer options that expire too soon thus eliminating any value for the customer.

3 – McBurney noted most policies are not transferable at a dealer trade. Extending the warranty of your vehicle is an investment in future repairs. This should not merely void itself at a dealer trade; which is the most common method for Canadians to offload a vehicle.

4 – Poor coverage has been part of warranty sales games for years. “As a seasoned insurance professional, it is shocking that second, third, and fourth tier sub-par coverage is still an option,” says McBurney. “Warranties should be easy to understand with coverage and a term that offers the policy holder value.”

5 – “Most of the time overpriced warranties are rolled into finance plans. This tactic not only increases the amount of interest paid by the customer, but it instantly creates a loan to equity imbalance,” explains McBurney. Customers are committing to a bi-weekly or monthly incremental increase to their payments and are often unware of the total cost which can be many thousands of dollars, it adds up fast.

6 – Consumers are not dealing with experts. “You wouldn’t buy house insurance from a realtor or life insurance from a doctor. Obvi provides an unbiased approach to warranties that’s not influenced by the sale of the vehicle. Consumers should be dealing directly with the company who will issue the policy and oversee the claim. “Sales and claims handling from different sources can create confusion and frustration,” McBurney said.

“We believe that the solution is obvious: Deal directly with the insurance provider and claims resource, have a quick and simple no stress purchase experience, and get a quality product with pricing that makes sense for the customer.  Insurtech has opened the door for significant changes throughout the entire insurance industry” McBurney comments. “We are passionate about providing reliable insurance options to help consumers feel confident and well represented in this space”.

In the News: Obvi joins The Alberta Morning News (May 19, 2018)

Joe McBurney, president of Obvi Inc., discusses the insurtech space with Peter Watts on Global News Radio 770CHQR.

For the full interview visit Alberta Morning News’ playlist.

Obvi sells extended warranty and GAP insurance policies direct. Go to Obvi.ca and get a free instant quote and protect yourself from unexpected repair bills.

Check out our blog to learn more about vehicle warranties and what to know when deciding how to protect your investment.

 

How Obvi Inc. changed extended warranties for good!

For years Consumer report bulletins have outlined the inherent conflict, the significant profit centre, and product challenges associated with extended warranties. But the biggest hurdle to change has been technologies long overdue entrance into the insurance market. Insurtech, the label for technology innovation that is changing the insurance industry, realized over two billion dollars of investment in 2017 and has opened the door for innovators like Obvi to radically change the warranty market and reach customers across Western Canada overnight. The Obvi team has implemented leading technology that offers instant online quote and purchase and partnered with an A rated established insurance company to solidify their innovative business platform with leading coverage.

The high-level historical evolution of insurance looks like this:

  • Basic fire policy, coverage for basically one type of peril
  • Multi-peril policies, Fire, windstorm, hail, lightning etc…
  • Broad form all risk insurance, meaning no specific perils only a list of exclusions.

An all-risk policy covers everything except what is specifically excluded in the policy. While most consumers are trained to ask “what is covered”, Obvi has taken the approach of- It’s simple, here is what we don’t cover!

In the event of named component policy claim (which is what many warranty providers use), the burden rests with the client to show that the component that failed was included in the policy and this allows the warranty provider to find additional avenues to decline elements or parts of the loss. Here is an example from a consumer report:

Client has claim denied for the running board motor that failed on the basis that while running boards are listed as covered, there is no coverage for running board motors.

With an exclusion-only policy the warranty provider would have to show that the policy clearly excluded the component in question otherwise it is covered – its that simple! With a standardized 7 year/175,000 KM warranty term, instant quote and buy, leading coverage, and pricing that makes sense it is safe to say that yes – automotive warranty has changed for the good!  Find out more and get a free quote now.

News Release: Calgary entrepreneur tackling biggest problems around warranties

Obvi Inc.’s simple online platform is solving problems facing consumers           

For Immediate Release

Calgary, Alberta, May 16, 2018 – While many in the consumer world are leery about insurance and warranties, Obvi Inc. has launched a simple and innovative online platform that has set out to tackle some of the biggest problems facing consumers. Obvi is bringing the Canadian insurance industry on par with other countries.

“Our intuitive online platform provides our customers with a cost-effective extended auto warranty both easy to understand, and clearly written,” said Joe McBurney, Obvi President.

The world of insurance is more than just personal home and auto coverage, and there are several specialty products well suited to online direct sales. A technological revolution in the insurance industry more commonly known as “insurtech” has made its way to Canadian customers. Insurtech investment for 2017 realized more than $2 billion in funding, bringing the six-year total to more than $8 billion world-wide. As a result, the Canadian marketplace is positioned for rapid transformation in all aspects of the insurance industry.

“As the market is evolving, and more complex policies are starting to be offered directly online, insurtech is rapidly changing the extended warranty business with a big, long overdue, win for consumers,” said McBurney.

Before Obvi, warranties used to cost more than the repairs themselves. Most policies aren’t transferable at a dealer trade. Rolling an overpriced warranty into a customer’s finance plan increases the amount of interest customers pay and creates a loan to equity imbalance.

Obvi’s standard policy is a 7-year/175,000 km term for all vehicles, including Canada and U.S.-wide repair coverage, also allowing coverage to be transferred between owners upon resale or trade, either through private sales or through dealerships.

In North America, insurance and warranty products have not really made the leap to the online world. Internet-based insurance purchasing has been available in the UK for more than 10 years, and now more than 80 per cent of the UK personal insurance market is sold or generated online.

“You wouldn’t buy home insurance from your realtor – or health insurance from you doctor. We are giving Canadians a fast, easy, trustworthy way to purchase their extended auto warranties right from the source who also handles the claim,” says McBurney.

For more information about Obvi visit: obvi.ca.

Warranties re-imagined…what does that mean?

When it comes to rebuilding the reputation of the extended warranty business, the leadership team at Obvi set out to tackle some of the biggest problems facing consumers.

  1. Before Obvi, warranties used to cost more than the repairs themselves. The math is simple, $3,000, $4,000, or $5,000 warranties just don’t make sense.
  2. Terms of coverage that expire before the failure occurs. Statistically, the majority of mechanical breakdowns occur between 120,000 – 160,000 kilometers, the policy should cover this.
  3. Most policies aren’t transferable at a dealer trade. Extending the warranty of your vehicle is an investment in the future repairs of your vehicle and this shouldn’t merely void itself at a dealer trade, the most common method for Canadians to dispose of a vehicle.
  4. Poor coverage! To a seasoned insurance professional, it is shocking that second, third and fourth tier sub-par coverage is still an option. You wouldn’t consider bronze level house insurance!
  5. My policy only pays $400 more than I paid for it. That’s right, some providers offer a $2,500 warranty with a per claim limit of $2,900.
  6. Rolling an overpriced warranty into your finance plan not only increases the amount of interest you are paying, but instantly creates a loan to equity imbalance.
  7. You wouldn’t buy house insurance from a realtor would you? Dealing directly with the company who will issue the policy and oversee the claim is critical.

The solution was obvious 😉 – one leading policy that makes sense for customers. Instant quote and buy available at Obvi.ca and we will be around when you need to make a claim!