Disclosure Letter
Last update: January 8, 2025
Disclosure Letter
Last update: January 8, 2025
1. Statement on Services Provided
At YouSet, we’re on a mission to build the most efficient and most loved insurance platform in Canada. In order to do so, our technology and team of insurance brokers work hard to find you the best coverage at a competitive price. As an insurance brokerage, we serve as an intermediary between you and the insurance companies we work with. We place your insurance with an insurer that provides a competitive price, is reliable and best suits your needs.
2. Personal Lines Automobile and Property Commissions
In return for our work, we are paid a commission by the insurance company based on your insurance premium. These commissions vary from company to company and also on the type of policy.
For your benefit, we have listed below insurers that we represent and have included the range of compensation that they provide as a percentage of your overall premium.
The companies marked with an asterisk (*) may also pay us a contingent commission. This contingent commission is based on a combination of many factors such as growth, profitability, volume, and retention. This contingent commission is not guaranteed and cannot be predicted in advance.
- April
- Aviva
- Chubb
- Echelon
- Economical*
- Estrie Richelieu
- Intact*
- L’Unique*
- Nordic
- Northbridge
- Optimum
- Pafco
- Premier
- Promutuel*
- Travelers
Commission Range by Line of Business:
Automobile: 10-12.5%
Personal Property: 15-20%
3. Working with Insurance Companies
In addition to the information above, we encourage you to also consult the commitments made by the insurance companies we work with by consulting their website.
If you have any additional questions regarding our Disclosure Letter, please don’t hesitate to contact us via email at contact@youset.ca.
Other resources