Insurance

What kind of auto insurance policy provide in Ontario?

Auto insurance policies in Ontario can be broken down into three categories: third-party liability, accident benefits, and property damage.

Third-party liability auto insurance is mandatory in Ontario and covers you if you are found to be at fault in an accident. It will provide financial compensation for any damages or injuries that you cause to others.

Accident benefits auto insurance is also mandatory in Ontario and covers you and your passengers for any medical expenses incurred as a result of a car accident, regardless of who is at fault.
Property damage auto insurance is not mandatory in Ontario, but it is still a good idea to have it. This type of policy provides coverage for any damage that you cause to someone else’s car or property in an accident.

The three types of car insurance St Catharines policies and what they cover

The three types of auto insurance policies available in Ontario are: third-party liability, accident benefits, and property damage.

Third-party liability auto insurance is mandatory in Ontario. It covers you if you are found to be at fault in an accident and it provides financial compensation for any damages or injuries that you cause to others.

Accident benefits auto insurance is not mandatory, but it is highly recommended. This policy will provide coverage for medical expenses, income replacement, and death benefits if you are injured in an accident.

Property damage auto insurance is also not mandatory, but it is recommended. This policy will provide coverage for damages to another person’s property caused by you in an accident.

If you are looking for auto insurance in Ontario, it is important to understand the different types of policies that are available. Talk to an insurance broker to learn more about which policy would be best for you.

It is important to note that auto insurance policies in Ontario can vary from company to company, so it is important to shop around and compare rates before you decide on a policy.