Car insurance in Georgetown

Accident benefits coverage can be claimed if someone is injured in an accident that you were involved with. No matter the injury, if medical expenses are not covered by health insurance, you can file an accident benefits claim to cover the rest. Examples of fees that accident benefits may cover include physical therapy, prescription medication, lost income, and funeral fees.

Uninsured automobile coverage comes into play if you are involved in an accident with a certain type of motorist - namely uninsured, underinsured, and unidentified motorists. Thus, this type of mandatory coverage protects drivers against hit-and-runs and accidents, as well as at-fault drivers who are illegally driving without insurance or those who do not have enough coverage to pay for the accident.

With direct compensation coverage, you can file a claim after getting into an accident that damages your car. In turn, you will receive a payout to help pay for the cost of repairing your vehicle. The only catch is that policyholders are only eligible for direct compensation coverage if they are not at fault for the accident.

Collision car coverage will help you if you get into an accident that results in significant damage to your car. A form of property damage coverage, collision coverage can be claimed whether you are found to be liable for the accident or not. It can also be claimed whether the damage to your car was caused by colliding with another vehicle, an animal, or an object on the road, such as a median or lamppost.

Keep in mind that for some Georgetown drivers, collision coverage might actually be obligatory. It ultimately depends on whether you lease, finance or vehicle, and if so, whether the terms of your contract stipulate that you must purchase this type of coverage.

Comprehensive car coverage will pay for the cost of repairing or replacing your car if it is damaged while parked. Unlike most other car insurance coverages that provide protection related to collisions, comprehensive coverage is for different types of risks.

Specifically, this type of coverage may protect your vehicle against damage caused by theft, vandalism, fire, explosions and riots, falling and flying objects, and weather-related events.

Carefully review the terms of your policy for a complete list of covered perils. Lastly, as with collision coverage, comprehensive coverage may be required if you lease or finance your car.

One more type of optional car insurance coverage popular among drivers in Georgetown is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage and eligibility vary by province.

The reality is that cars depreciate every year. This makes your car less valuable after a few years than it was when you originally bought it. The problem is that if your vehicle is totalled and your insurer has to issue you a payout, it will be far less because it accounts for this depreciation.

Thankfully, if you add a waiver of depreciation or replacement car insurance to your policy, this will not be the case. Instead, your payout will be closer to the equal value of your car.

Loss of use coverage is another type of extra protection that might be worthwhile for your needs. When you add this type of coverage to your Georgetown car insurance plan, your insurer will reimburse you for the cost of taking alternate modes of transit while your car is being repaired.

For example, if your car is damaged in a collision and will be in the shop for a week, you may need to rent a car or take taxis during this time. Loss of use coverage will compensate you, up to your coverage limit, for the cost of transportation you incur during this period.