Move from BC

by Sharon
(St Catharines, Ontario)

My son has recently moved to Ontario from BC. His vehicle was licensed and insured in B. C. Now he is living in Ontario with me. Due to finances at this time he would like to not License or register his vehicle (as we could share mine) Problem is that there is a loan on his vehicle and the financial institution requires that he keep insurance on his vehicle. I have been in touch with a few insurance companies and have been advised that they will not insure a vehicle for fire and theft only, is this correct information?? Any suggestions as to how to deal with this problem would be helpful


Thanks
Sharon

Move from BC to Ontario


Hi Sharon
Good question!

Because the vehicle is financed, the financial institution will insist on full coverage. Otherwise it would be possible to have Fire and Theft only.

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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