Collision coverage is optional, but highly recommended as if you are ever in an accident and deemed to be at fault, collision coverage will cover you for damages done to your own vehicle. This includes instances such as hit & runs, or parking lot accidents. You’ll have to pay a deductible for your collision coverage, so if you submit a claim under this coverage then you’ll have to pay that amount before your insurance company steps in to pay the rest. A standard deductible is $500, but you can increase or decrease this amount with any standard insurance company.
Comprehensive coverage, like collision coverage, is optional, but a good option to add for an additional premium to have coverage against fire, theft, vandalism, falling objects, and collisions with animals. It is subject to a deductible, meaning you’ll have to pay this amount before your coverage kicks in to cover the remainder. It may also include glass repairs.
As a rule, the government offers basic medical benefits for every driver in order to protect them in the event that an injury should occur. You may, however, purchase additional coverage as well, which is highly recommended for certain workers and those who have additional needs for their family. Sometimes, the standard offerings will not be enough to cover rehabilitation, medical expenses, and more, leaving you high and dry.
No-Fault Car Insurance in Ottawa
Ontario uses a system called no-fault car insurance, which means that your own insurance company will pay out for damages to your car – no matter who was at fault in the incident. A portion of your premium goes towards this protection. No-fault insurance significantly aids in the claims process so that each insurance company only handles their own insured’s claim.
Everyone needs insurance, but the standard car insurance policy in Ottawa may not benefit every single driver. In fact, the way that some people use their cars, how often they drive, and the value of their vehicles may merit the purchasing of additional, supplementary endorsements for an additional premium. See our list of available endorsements. If you see one that may of benefit to your circumstances, give us a call at McDougall to discuss.
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