in the province of Ontario auto insurance is termed
NO FAULT the understanding of this term is widely misunderstood.
You claim and are protected by your own policy for injuries
or damage. You do have the right to claim from the responsible
party only when injuries are permanent or totally disabling.
coverage provides against lawsuits that can be brought
against you for Injury to a Third Party or property
damage and for your own injuries or loss of income or
costs and to others in your vehicle. If a lawsuit occurs
under auto insurance, the coverage will also provide
legal counsel on your behalf.
coverage for auto is mandatory in Ontario with a minimum
limit of $200,000 - however we highly recommend you
carry a minimum $1,000,000 or higher limit. We are in
a litigious society and many suits are seen far in excess
of these minimum limits - higher limits are available
at an additional cost.
Benefits - provides coverage to the driver and any
occupant that is injured in your vehicle. If others
carry their own auto insurance or have parents that
have their own insurance, their own insurance company
will provide coverage. However if no other coverage
is in place, the vehicle owners insurance will respond.
Also included is coverage to aid rehabilitation. INCOME
REPLACEMENT is provided under the policy with for a
basic limit of $400.00 net weekly income. Limits of
income are available up to $1000 per week at additional
cost. Please ask your broker for a quote.
Coverage applies only after any other personal or group
income replacement insurance.
- coverage for physical damage to your vehicle your
fault. I.e.: hitting a curb, another vehicle, sliding
on ice or snow, etc. A premium change may result from
any claim under this section - weather conditions are
not mitigating circumstances - it is up to you to drive
according to the weather and road conditions. Deductibles
- where damages occur to your vehicle by collision with
another vehicle and it is clearly proven that there
is no fault on your part. This section will pay for
your damages or loss of use without cost to you on a
no deductible basis or an alternate deductible you have
chosen for a lower premium consideration.
Claims under this section do not affect your premium
Comprehensive - covers, fire, theft, vandalism,
windshield breakage, glass breakage, and falling objects
and any other damage other than by collision or upset.
(This does not provide against theft of contents stolen
from inside your vehicle) Unless it is a part of your
vehicle it is considered your own personal contents
and should be covered under your home insurance or personal
Deductibles may apply.
(Ontario Policy Change Forms)
- provides Accident Benefits coverage to each occupant
of the vehicle and will be paid through your policy
if they do not have their own auto insurance and/or
cannot be attached to a parents or guardians policy.
- Loss of Use (rental car) applicable only following
damage to your vehicle by an insured peril. It is available
BUT only when you carrying both Collision and Comprehensive
coverage. A maximum amount per accident is offered,
which can vary from company to company. Coverage ceases
when limit is exhausted or claim is settled.
- Liability for Non-Owned Autos - extends your auto
insurance coverage to an optional rental car without
having to purchase any additional insurance from the
rental car company. Limit varies with companies but
is usually set at between $25,000./ $50,000 Cdn. Coverage
is only valid in North America, Hawaii and Alaska only.
Nothing overseas. You must carry collision and comprehensive
coverage on at least one of your vehicles. Deductibles
apply as they would to your own vehicle.
- Waiver of Depreciation - If a total loss occurs within
the 2 year period settlement is based on the full purchase
or lease price. Coverage applies to new vehicles only.
Demos are not considered to be new. Coverage will be
provided for up to 24 months after purchase date. Proof
of purchase must be provided to obtain coverage within
6 months after purchase.