Car insurance quotes of Ontario Canada
Your car insurance (C.I.) is there to
protect you against losses in the event of an accident, theft, vandalism, or
some other incident that engage your car and causes losses, liability or
injury. Your policy is, basically, a contract between you and your insurance
company. You pay a premium, and in return, the insurer admits to pay for any damages
as they are defined in the policy.
Law of (C.I.)
In Canada, it is law that you have car
insurance. This C.I. is valid anywhere in Canada and the United States
and you should have evidence of it with you whenever you drive
your cars because you must show it upon the request of a police officer. If you
are found driving without original of this, your driver's license could
be ceased and your cars confiscated.
In Canada, each state and region sets their own demanded minimum coverage.
However, you can often gain options that go beyond the fundamentals; you can personalize your policy to produce certain that
you have got the same protection you need, without paying for extra money
you may not required.
The law does not need that you get it (insu..) to cover physical losses to your cars. However, if you have a newer
car you will seek to protect your investment and consider buying Collision and
Comprehensive coverage. In some cases, if you are financing or leasing you may
be needed to have both.
What
does car insurance (C.I.) cover?
Your car insurance usually provides
property, liability and medical coverage:
- Property coverage pays for the losses or theft of your cars.
- Liability coverage pays for your legal liability to others for bodily injury or property loss.
- Medical coverage pays for the charge of curing injuries, rehabilitation and sometimes lost wages and funeral costs.
No comments:
Post a Comment