Types of Auto Insurance Coverage

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Types of Auto Insurance Coverage Established by provincial and territorial governments, mandatory auto insurance​ is the minimum amount of coverage every vehicle owner must have. Additional auto insurance coverages you may consider include: ​ Collision Specified perils Comprehensive All perils Collision Your vehicle flips over on the road and is damaged. You lose control of your vehicle on icy asphalt and hit a guardrail. This coverage pays for damage to your vehicle caused by upset or a collision with another object. Specified Perils Your vehicle is stolen and never recovered or recovered with substantial damage. Fire engulfs your next-door neighbour’s house, spreads to your garage and destroys your insured car or truck. Specified perils pays only for losses caused by perils specifically listed in your policy. These perils are: Fire Theft or attempted theft Lightning Hail Rising water Earthquake Windstorm An explosion, riot or civil disturbance The falling or forced landing of aircraft or parts of aircraft The stranding, sinking, burning, derailment or collision of any kind of transport in, or upon which, a described automobile is being carried on land or water ​Comprehensive High winds cause flying debris that damages your car. Vandals break into your garage and damage your truck. Comprehensive coverage includes all perils, except for collision, or upset of the automobile, or damage caused by theft by a person residing with your or who repair your car.​ All Perils If damage is caused while your vehicle was stolen by someone in your household or someone you’ve hired to drive your vehicle (e.g., an employee), with all perils, this would be covered. Your Policy Confirms Your Insurance Coverage Loss or damage coverages are subject to limits, deductibles and exclusions that apply in all circumstances. The examples above are provided as general information only. Please review your auto insurance policy and talk to your insurance representative for information about your auto coverage. ​ .


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