Car Insurance in North York

Accident benefits coverage is another type of mandatory coverage for North York drivers. It is designed to cover medical care if you or someone else involved in the accident are harmed. This type of coverage can pay for medical expenses that aren’t covered by health insurance, like prescription medication, lost income due to a person’s temporary inability to work or funeral fees if someone dies due to an accident.

Uninsured automobile coverage, also referred to as uninsured motorist coverage, can be claimed if you are involved in an accident with a motorist who does not have any car insurance, i.e. they are driving illegally. It also comes into play if the accident you are involved in is with a driver who doesn’t have enough coverage to pay for the cost of the damage or if the driver is anonymous because they illegally fled the scene of the accident.

With direct compensation coverage, you can file a claim that helps cover the cost of vehicle repairs if your car is damaged in an accident. The only catch is that you cannot have been at fault for the accident in question.

Collision car coverage protects policyholders against the cost of serious repairs. Thus, this type of coverage is a form of property damage coverage as it will help pay to repair or replace your car if it is damaged or totalled in an accident. You can file a collision coverage claim with your insurer whether the accident was with another driver, an animal, or an object. For more information on what to do if you’re in a car accident, contact BrokerLink.

Comprehensive car coverage can provide North York drivers with peace of mind as it will protect them against non-collision-related risks. The reality is that you face many risks as a vehicle owner, even when you’re not on the road. Your car could be stolen or damaged while parked, and that’s exactly what comprehensive insurance protects against. Specific types of risks that comprehensive insurance can cover you for include theft, vandalism, falling and flying objects, explosions and riots, fire, and weather-related events.

It is important to note that both collision and comprehensive coverage are usually optional in North York - except if you lease or finance your vehicle. If you lease or finance your car, check the terms of your leasing contract as you may be obligated to purchase these types of coverage until your finance contract is complete.

One more type of optional car insurance coverage popular among drivers in North York 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.

North York drivers can add a waiver of depreciation to their car insurance policies if they want extra financial security in the event that their car is totalled. If your car is deemed a write-off by the insurance company, you can receive a significant payout if you have a waiver of depreciation. Thus, many drivers with new cars choose to add this type of endorsement or rider to their policy. This coverage is only offered to brand-new vehicles within one model year of age, as these vehicles depreciate quickly and, therefore, require extended coverage for replacement.

Loss of use coverage is another type of extra protection that may interest North York drivers. If you get into a car accident and your car is damaged, it will likely need to go into the shop to be repaired. But when your car is in the shop, you won’t be able to use it to get around. Thankfully, loss-of-use coverage will pay for you to get around while your car is getting fixed. Specifically, it can cover the cost of renting a car, taking public transit, or hiring taxis or ride shares. Just remember not to exceed your coverage limit.