Free car insurance quotes of 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 cars 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
In Canada, it is law that you have C.I.
This C.I. is valid anywhere in Canada and the United States and you should have
evidence of your C.I. with you whenever you drive your car because you must
show it upon the request of a police officer. If you are found driving without
original C.I., your driver's license could be ceased and your car confiscated.
In Canada, each state and region sets their own demanded minimum insurance 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 insurance
you may not required.
The law does not need that you get
insurance 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 cover?
Your C.I. usually provides property,
liability and medical coverage:
- Property coverage pays for the losses or theft of your car.
- 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.
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