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5 Things Your Auto Insurance Needs To Have In Ontario

When you’re looking for the right car insurance coverage, there are lots of things that insurance companies will probably offer you. While you need to think about what your needs are, there are 5 things that your insurance policy needs to have, and exactly what they entail. Before you sign on the dotted line, make sure that your policy has all of these areas covered, and you make the necessary adjustments to make your car insurance work for your lifestyle and budget.

  1. Third-party liability coverage

In the event of an accident, this coverage protects you if someone else is injured in an accident when you are at fault. It helps to pay for the claims as a result of lawsuits against you, and will pay the costs associated with settling claims.

  1. Statutory accident benefits schedule (SABS)

This part of your car insurance coverage has to do with the benefits you are eligible for if you are injured in a car accident injury, regardless of who is at fault in the accident. This kind of coverage can include medicine, caregivers, rehabilitation, and income replacement if your injury prevents you from working.

  1. Direct compensation-property damage

This kind of compensation is for when you are not at fault in an accident but your car is damaged. For example, if your car is parked and another car backs into you, you’ll be covered under this portion of your car insurance. For more complex accidents, it can be difficult to figure out who is at fault, so you may want to take some precautions and install a dashboard camera to help you with this part of your car insurance claim.

  1. Uninsured automobile coverage

In the event that you’re in an accident with someone who does not have car insurance, this part of your policy covers you.

  1. OPCF 44R family protection coverage

This coverage deals with claims that occur after an accident when the other driver has insufficient insurance. For example, if driver A is injured in an accident with driver B and injuries sustained exceed driver B’s car insurance coverage, this policy makes sure that the driver can file a claim with their own insurance company to cover expenses.

There are lots of other optional coverages, and each protects you in different ways. Make sure that the car insurance coverage you receive gives you enough coverage to get on the road comfortably, but doesn’t break the bank. No matter what you decide, make sure you go over your insurance policy in detail, so you know exactly what you’re getting when you pay your car insurance premiums.