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What does car insurance cover?

Every policy is different, so it’s best to know specifically the type of coverage you have. There is mandatory coverage, that is regulated based on the province or territory you live in. And then there's also different types of optional insurance that you can add on to your policy. Here are some examples:

Liability insurance is mandatory, it protects you from being held personally responsible for damages and injuries to a third party or a third party's property.

Another coverage that is mandatory (in most provinces) is Accident Benefits. It covers medical expenses, income replacement, and other benefits to help you recover from a car accident regardless of who's at fault.

Damage to your car after a collision with another car or object, like a tree or pothole, is covered by Collision. It's not mandatory but probably required if you're financing or leasing your vehicle.

Comprehensive covers damage or loss to your vehicle from causes other than Collision, like fire, theft, or hail. Like Collision coverage, it's not mandatory but probably required if you're financing or leasing your vehicle.

You can further customize your coverage through the use of endorsements, which can add, remove or limit coverage in certain situations.

Also remember that car insurance usually covers you, plus any licensed members of your household listed on the policy, and in most cases anyone that has permission to drive your car.

Worried about choosing the right coverage? With an online quote, we’ll ask questions to understand your unique needs and recommend the right type of car insurance for you.

Learn more about car insurance.

 

 

 

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