Do you understand your insurance policy? New report says most Manitobans don't.

According to the TD Insurance 2011 State of Insurance Report released on Wednesday, if you live in Manitoba, probably not.

Manitoba is among the most insured in Canada. However, as it turns out we know little about policies, and which is the best one for us. Only 13 per cent of us know what policy to choose - below the national average of 17 per cent.

Most alarming is 34 per cent of Manitoba residents don’t know what their insurance covers. Residents admit to skimming the fine print - 56 per cent - while 27 per cent don’t read it at all. One in ten worry they may not have enough insurance.

Be PROactive rather than REactive - buy flood insurance!

Report urges Canadian homeowners to invest in flood insurance.

Fantasy sport leagues have become so popular an insurance policy has been created for them!

Fantasy sports are a popular activity for many people that love sports. An individual drafts a team of real-life players in baseball, basketball, football, hockey and other sports, and then competes against other managers with points awarded based on the statistics of these players. While some of these fantasy sports leagues are free to enter and played for fun, many others have entry fees and provide big payouts to the winners.

One problem faced by all managers is the chance of a real-life injury to a player on their team. Although managers can drop and pick up new players during the season, these roster moves can be expensive and add up during a typical season. Insurance companies now offer fantasy sports policies to reimburse managers if a key player is injured for more than a set number of games. These policies are customized based on the sport and can cover the entire entry fee in the case of a major injury.