Home & Auto
If you're trying to make sense of your car insurance coverage and the limits that you need, as a professional Ontario car insurance broker, Scrivens is here help.
Below, we cover the car insurance basics to help you read and understand your coverage options.
An Ontario Car Insurance policy is designed to provide you with a level of protection against property, liability and medical costs if you are involved in an accident.
Covers damage to your car when your car hits, or is hit by, another vehicle or other object. Collision pays to repair your vehicle, less the deductible you choose. For older cars, you may want to consider dropping this coverage, since it is typically limited to the cash value of your car. This coverage is not required, but if you have a loan or a lease, the lien holder may require it.
Covers your vehicle, and sometimes other vehicles you may be driving, for losses resulting from incidents other than collision. This includes damage to your car if it is stolen or damaged.
This covers injuries that you, the designated driver or policyholder cause to someone else. Claims for bodily injury include medical bills, loss of income, or pain and suffering. It does NOT cover the cost of damage to your vehicle, or to you or other people on your policy. It is mandatory in all provinces; however, minimums will differ among provinces.
Covers you or someone driving the car with your permission if the car damages someone else's property. Typically, the property is another vehicle, but it could be a fence, telephone pole, house, etc. It also provides you with legal defence if another party files a lawsuit against you.
This coverage can provide medical expenses, income replacement and other possible benefits to you and passengers if you are injured in an accident. This coverage is mandatory in some provinces.
Car insurance is mandated by the Ontario government but there are some ways you can lower the price you pay:
Everyone in Ontario must purchase basic car insurance; however, specifics will vary by driver and vehicle.
Be sure that, in the event of a serious accident, you have a professional Ontario car insurance broker on your side.