Your auto insurance
Your insurance company must give you a certificate of automobile insurance that summarizes the coverage based on the premium that you paid.
The certificate of auto insurance says:
- Vehicles insured and guarantees subscribed
- The criteria used to determine your premium
- The period of coverage
It is very important to read the certificate. Your vehicle is insured only if the certificate of auto insurance premium indicates the vehicle or indicates that protection is offered without charge.
Basic Auto Insurance
If you own a vehicle, you are required under provincial law to take at least the following guarantees:
This section of your auto insurance policy protects you if someone is injured or killed or their property is damaged. It covers claims arising from lawsuits against you for the amount of your coverage and the cost of settling the claim. The law prescribes an amount of insurance for this guarantee.
This section of your auto insurance policy offers, if you are injured in a car accident and irrespective of the person responsible for the accident, additional compensation for medical expenses, rehabilitation, attendant care, caregiver and compensation non-earner employment or income replacement.
Direct Compensation Property Damage
This section of your auto insurance policy covers damage to your vehicle or its contents and loss of use of the car or its contents, to the extent that another person is responsible for the accident. This guarantee is called “direct compensation” because, although another person has caused the damage, the compensation is paid directly by your insurer and not that of the person at fault.
Originally posted 2016-01-30 03:24:01.