Liability Coverage and Auto Insurance in Canada
Auto insurance is mandatory in Canada, and it provides financial protection for drivers in the event of an accident. The coverage that is included in a policy car insurance St Catharines can vary depending on the insurer and the specific policy, but most policies include liability coverage, which is legally required in most provinces and territories.
Liability coverage is the portion of an auto insurance policy that pays for damages or injuries that you may cause to another person or property while operating a vehicle. It is the most basic coverage that an auto policy must have. It includes two types of coverage: third-party liability and first-party liability (accident benefits).
Third-party liability coverage pays for any damages or injuries that you may cause to another person or property, such as another vehicle or a person’s property. It covers the cost of repairs or replacement of the damaged property and also any medical expenses for the person who got injured as a result of the accident.
First-party liability (accident benefits) coverage pays for your medical expenses, lost income, and other expenses in case you or your passengers are injured or killed in an accident. It also covers rehabilitation, funeral expenses, and death benefits.
In Canada, the minimum amount of liability coverage required can vary by province, which means the coverage amount may be different depending on where you live. It’s important to make sure that you have enough liability coverage to protect your assets in case you cause an accident that results in damages or injuries.
In addition to liability coverage, auto insurance St Catharines policies may also include other types of coverage such as collision, comprehensive, and all-perils coverage. Collision coverage pays for damages to your vehicle if you are at fault in an accident. Comprehensive coverage pays for damages to your vehicle from events such as theft, vandalism, or natural disasters. All-perils coverage includes both collision and comprehensive coverage and also includes damage caused by other unexpected events.