Car Insurance Ontario

Car Insurance Ontario has several parts – do you ever wonder what each

part is? Read on for a short summary of the main parts of an Ontario auto insurance policy

Not what you were looking for? Return to Car Insurance Canada or ask a question at Ontario Auto Insurance Questions

Liability Liability is a mandatory part of Car Insurance Ontario. And it is a good thing it is! Liability provides coverage if someone is killed or injured, or if property is damaged in an automobile incident. The minimum liability limit in Ontario is $200,000 but $2,000,000 is recommended. A high limit is so important that many professionals will refuse to offer anything less than $1,000,000

Without a high limit of coverage you are risking financial devastation if you hurt someone or damage property in an auto accident. Liability coverage protects you financially and you should not drive without it (even if it was not against the law to drive without it!)

Accident Benefits Accident Benefits are included in all Ontario Car Insurance policies at a basic level. Accident benefits give you a base level of financial protection if you are injured or killed in an automobile accident.

Accident Benefits Include:

• Income replacement
• Payments to non-earners who suffer complete inability to carry on a normal life
• Payment of care expenses to persons who cannot continue to act as primary caregivers for a member of their household
• Payment of medical, rehabilitation and attendant care expenses
• Payment of funeral expenses
• Payments to survivors of a person who is killed.

Optional, increased benefits are also available for purchase. This is important to consider – be sure to review this section of your policy and give the minimum coverage some thought

Uninsured Automobile Provides coverage if you or another insured person is injured or killed by an uninsured motorist or by a hit-and-run driver. It also covers damage to your automobile, and its contents, caused by an identified, uninsured motorist.

Direct Compensation - Property Damage (DCPD) DCPD provides coverage for damage to your automobile (and to property inside it) when another motorist is responsible. It is called Direct Compensation because you collect from your own insurer. Even though you are not at fault.

Collision or UpsetCollision covers damage to your insured automobile is involved in a collision with another object or tips over. It is subject to a deductible and covers you when you are at fault for the accident.

ComprehensiveComprehensive coverage insures the car against loss or damage other than those covered by Collision or Upset, including perils listed in specified perils, falling or flying objects, missiles and vandalism. Comprehensive insurance is subject to a deductible.

All PerilsCombines Collision and Comprehensive coverage.

Specified PerilsSpecified Perils is very specific in its coverage. It covers the insured automobile from: fire; theft and attempted theft; lightning; windstorm; hail or rising water; earthquake; explosion; riot or civil disturbance; falling or forced landing of an aircraft or parts of an aircraft; or the stranding, sinking, burning, derailment or collision of any kind of transport in, or upon which, the described automobile is being transported.

Car Insurance Ontario is just a brief summary of the main coverage in your policy. Hopefully this helped a bit!

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