Auto insurance in Canada
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Written by joe
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Wednesday, 12 November 2008 |
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Whenever you drive a car, there is some possibility that you might get into a car accident and cause harm to other people’s property. Majority of the population cannot afford to pay for unexpected damages. This is why the government mandates a compulsory auto insurance coverage that covers liability that you cause in property damages, injury, or death.
Different countries and governments have diverse policies on auto insurance. Canadian auto insurance also requires its citizens to have insurance coverage for their own medical expenditures and in cases of injury, losing income.
In Canadian auto insurance you can also have optional insurance coverage such as collision and comprehensive insurance. Collision insurance covers and pays for the damages that you caused to your vehicle in cases of collision and crashes. Comprehensive insurance covers damages caused by factors other than collision such as sudden fire or roberry.
Private companies sell Canadian auto insurance in the ten provinces of Canada. There are some locations, however, such as Saskatchewan, Manitoba, and British Columbia where insurance companies run by the government sell basic auto insurance while the additional or optional insurance are sold by private and government companies.
Canadian auto insurance in Quebec has also a different policy. Claims of injury and death are under the government while damages in property and vehicles as well as bodily injuries occurring in other provinces are handled by private companies.
Canadian auto insurance is governed by provincial laws that apply to private and government-run companies. Government and private sector works together to help bring down the number of automobile related accidents.
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Last Updated ( Wednesday, 12 November 2008 )
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