Did you know that November was Financial Literacy Month? Yah, I was a bit surprised myself. Not only surprised that it was a thing, but surprised that more people didn’t know about it.  After all, being financially literate is so incredibly important, especially these days.

Financial Literacy Month was started by a group of organizations working together to help improve the financial literacy of Canadians.  I know I need a LOT of help in that department, so believe you me, I’m pretty chuffed that there are people out there making sure I’m getting smarter about my money – smarter about my investments, smarter about my debt and smarter about my insurance.

My friends (I check out their sites so much lately, they have become my friends…and they are totally saving me money too, which is improving my financial literacy…and my shoe collection) at Insurance Bureau of Canada participated in Financial Literacy Month by helping Canadians get the tools they need to save money and protect their most valuable assets with the right insurance choices.

So…I decided to take this wee quiz on insurance literacy from IBC 

As it turns out…I’m not quite as financially literate as I thought when it comes to insurance.  I did know that it doesn’t matter what colour my car is, but I was surprised to discover I was not as familiar as I thought I was on certain aspects of what my insurance can do for me.

Time to get educated.  And speaking of educated, did you know that 88% of Canadians support adding information about home and car insurance to financial education in schools?  That seems like smart money to me.

I went back to the IBC Get In the Know site and got my learning on. So here are some simple things you can do today to inform yourself and make sure you have best protection for your needs.

Take the Insurance Literacy Quiz and see what you may not know about insurance.

Learn more about insurance and include it in your budgeting plans. Insurance is mandatory if you drive a car, or need a mortgage to buy a home.   Insurance brings you peace of mind and coverage from events/disasters that could otherwise destroy your financial future.   Not having insurance is a huge risk that you don’t want to take.

Review your current insurance policies or get a new policy. Something as simple as shopping around, reviewing your current policies for home, auto can help control costs and ensure you are protected in any event. Set a date to meet with your insurance representative today.

As a nation, we talk the talk about wanting to make our money work for us…but do we walk the walk?  There is so much to learn, yet so few of us take the time to learn it.  Isn’t it time you put your money to work for you and started getting smart about your insurance?  I know I’m going to…

Although this post has been generously sponsored by IBC, the opinions and language are all my own and in no way do they reflect Insurance Bureau of Canada.