Some items on the bill of sale may not be covered, such as administration fees. You may receive an amount up to the price you paid for the vehicle or the manufacturer’s suggested price. This coverage is available up to the first five years of a vehicle lease or ownership. This coverage protects against the loss of value or depreciation of a new vehicle if, as a result of an accident, your vehicle is beyond repair and must be replaced. This only applies if the other driver has less insurance coverage than you. Receive additional benefits if you’re involved in an accident with a driver who doesn’t have enough coverage to pay a claim for injury or death. This endorsement may cover you if you damage a vehicle you don’t own while it was in your care and control, such as a rental vehicle. Legal liability for damage to non-owned automobiles: You’ll be covered up to the maximum amount specified in your policy or until your vehicle is recovered, repaired or an offer of settlement is presented. If your vehicle is damaged in an accident, stolen or destroyed, this endorsement covers the costs of temporary transportation, such as renting a vehicle or taking a bus. This coverage is included in the provincial coverage plan, but not available separately in Quebec. If you have this coverage, the first accident on your policy won’t affect your insurance rates, provided you have been licensed and accident-free for six years. The most popular combination is Collision and Comprehensive coverage.įor extra protection, add the following to your insurance policy: *Comprehensive and Specified Perils do not insure your car against theft if a member of your household steals your car, or if an employee whose job involved using or maintaining the car steals your vehicle.Īll Perils combines Collision and Comprehensive coverage and protects your vehicle against theft by a person who lives in your household or an employee. Some examples include vandalism, falling or flying objects and theft.* Your policy explains the exclusions of this coverage. With this option, you are covered for losses to your vehicle other than those covered by Collision. This covers you for specific perils such as fire, lightning, theft*, windstorm, earthquake, hail, explosion, riot and others. You are covered for the cost of repairs or the actual cash value of your vehicle in the event of a collision subject to your deductible. Here are some coverage options to consider: You may want additional coverage to be sure you’re fully protected in case of an automobile accident, theft or damage. Be sure to review your car insurance policy for specific details, restrictions and exclusions. You will be paid if you were partly or not at all responsible for the accident. Your insurance company will look at the degree to which you are responsible for the accident and your deductible to determine how much compensation you will receive. In some provinces, you can no longer sue another person for damage to your car. To qualify, the other driver has to be identified, insured and found to be at least partially at fault. and Newfoundland, this covers the cost of loss or damage to your car in an accident for which you were not entirely responsible. Vehicle damage is not covered in Alberta, Yukon and NWT.ĭirect Compensation Property Damage (DCPD):Īvailable only in New Brunswick, Nova Scotia, Ontario, P.E.I. It also covers damage to your vehicle caused by an identified uninsured driver. This coverage protects you and your family if you are injured or killed by a hit-and-run driver or an uninsured motorist. Accident Benefits are paid regardless of who was at fault in an accident. In some provinces, you may be entitled to additional benefits if you are someone's caregiver. This covers medical expenses not covered by a provincial health plan, plus loss of income as the result of an auto accident. You are responsible for amounts above that limit. If you are in a car accident and are held legally liable for other people’s injuries, or for damage to another person’s vehicle or property, your insurance company will pay up to the total amount listed on your policy. Make sure you check the following when you compare auto insurance quotes: While insurance plans vary by province, these are the most common types of insurance you must have before you can use your vehicle.
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