Navigation Links
icandrive.ca Provides Tips to Understand Auto Insurance in Canada
Date:7/16/2013

(PRWEB) July 16, 2013

On a simplified level, insurance is primarily a means of sharing risk across more individuals. Insurance providers require each individual to pay an insurance premium while in return agreeing to pay for the individual's financial loss resulting from a vehicle accident. On average not all individuals purchasing car insurance policies are involved in accidents and as a result the insurance providers use the insurance premiums paid by all policyholders to pay for the smaller percentage of policyholders that are involved in an accident. Beyond a basic understanding of how insurance coverage works it is also necessary to understand the different types of insurance coverage options available in order to choose the right fit of insurance for your vehicle

Liability Insurance

Liability insurance is the only form of mandatory insurance that has to be purchased on all vehicles in Canada regardless of province. This type of insurance provides a two-fold coverage. Part one of this type of insurance coverage provides financial support to the operator of a vehicle in covering for losses sustained by other individuals in the form of injury, death or damage to property. The second part of liability insurance which is also referred to as accident benefits provides financial assistance to the operator of the vehicle against financial losses they may personally suffer as a result of an accident in the form of medical expenses and loss of income. Apart from the province of Newfoundland and Labrador, accident benefits coverage is mandatory across Canada.

Collision Coverage

Collision coverage is designed to pay for the repair or replacement of a policy owner's car in the event of an accident regardless of whether the collision was with another car or stationary object. Comprehensive Coverage: Comprehensive coverage is designed to pay for the repair or replacement of a policy owner's car in the event of damage not resulting from an accident. This can include damage to the policy owner's vehicle due to the actions of others such as vandalism and theft, environmental occurrences such as floors, windstorms etc and damage from flying objects while parked such as construction pylons. When obtaining a policy, look for all available car insurance discounts before buying a policy.

Minimum Insurance Required

By law in Canada the Liability Insurance is the minimum level of insurance required however individuals with newer vehicles may prefer to purchase additional collision coverage to protect their vehicles. In additional when leasing or financing a vehicle many dealerships require Collision and/or Comprehensive coverage to be purchased to protect the vehicle until either the end of the lease term or the vehicle is paid off is full.

How to Purchase Car Insurance

The fastest and easiest way to obtain Ontario car insurance quotes is online. Drivers could save hundreds and thousands of dollars, simply by having their car insurance rates compared against numerous companies. Sites like icandrive.ca the perfect choice to compare quotes.

About icandrive.ca

icandrive.ca has compiled a list of driving schools in addition to other useful driving resources including G1 practice test, Class 7 Alberta test,Class 7 Practice Test for Saskatchewan and much more, which can help first time and experienced drivers learn how to drive in Canada in an efficient manner with a focus on exactly what you need to know to be a successful, licensed Canadian driver and stay safe on Canadian roads

Read the full story at http://www.prweb.com/releases/2013/7/prweb10929523.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Driving Safety Tips for the Long Weekend from icandrive.ca
2. icandrive.ca Provides Tips on Handling a Vehicle Write-Off
3. icandrive.ca Provides the Top 10 Things Drivers Need to Consider Before Reporting a Car Accident
4. icandrive.ca Provides Tips to Understand the Top Factors That Affect Car Insurance Premiums
5. Adding drug to standard chemotherapy provides no survival benefit for older lung cancer patients
6. Study of half siblings provides genetic clues to autism
7. Partnership provides inclusive workout
8. 16th-century Korean mummy provides clue to hepatitis B virus genetic code
9. InsuranceCalculator.net Now Provides Competitive Car Insurance Quotes To Missouri Drivers
10. SEOMiracle.com Provides SEO Services with PayPal Verified Option
11. InsuranceCalculator.net Now Provides Competitive Car Insurance Quotes To Maryland Drivers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/20/2017)... ... , ... Leading dental clinicians, Drs. Ashlyn Price, Autumn Mayers and Ron Adelman, ... systems. With advanced digital images and modeling capabilities, the dentists identify all of the ... oral health for those who are missing teeth in Midlothian, VA. , ...
(Date:6/20/2017)... ... June 20, 2017 , ... This year, participants in the ... finding product improvements that could reduce the occurrence of unplanned extubations (UEs). ... breathing or to provide medication. Sometimes, patient movement can cause unplanned extubations which ...
(Date:6/20/2017)... ... June 20, 2017 , ... BrightStar Care Centerville/South Dayton, a ... the Joint Commission, which accredits and certifies nearly 21,000 healthcare organizations and programs ... a symbol of quality that reflects an organization’s commitment to meeting certain performance ...
(Date:6/20/2017)... ... June 20, 2017 , ... The law firm of ... installation as the president of the DuPage County Bar Association’s Board of Directors. Cassioppi ... June 9 at the Drake in Oak Brook. Momkus McCluskey Roberts LLC attorney Stacey ...
(Date:6/19/2017)... ... 19, 2017 , ... Intrinsic Clinical Systems announced it will ... actionable insights to improve health globally through the advancement of lifesaving medicines and ... faster, easier, and less painful. Attendees can visit Intrinsic’s booth showcasing its four ...
Breaking Medicine News(10 mins):
(Date:6/14/2017)... , June 14, 2017  In 2016, ... Creative Startups pitch competition and came away with ... platform is described by Forbes as "entering the life ... Medical Association as teaching "empathy to medical professionals in ... startup was recently named a finalist for the Department ...
(Date:6/9/2017)... 9, 2017 AirXpanders, Inc. (ASX: AXP) (AirXpanders ... design, manufacture, sale and distribution of the AeroForm® Tissue ... of its commercial roll-out in the United ... than one hundred (100) medical institutions and health systems, ... a needle-free alternative for women who choose reconstructive surgery ...
(Date:6/7/2017)... June 7, 2017 Endo International plc (NASDAQ: ... 2017, the Hon. Joseph R. Goodwin , U.S. ... West Virginia , entered a case management ... Repair System Products Liability Litigation (the "MDL") that includes ... to provide expert disclosures on specific causation within one ...
Breaking Medicine Technology: