Did you know in Canada, you’re required to have liability coverage before you begin driving?
Liability coverage is what protects you and other drivers financially in case of an accident where you’re at fault. By having liability coverage, any damages, injuries or losses experienced by another driver or individual, will be covered. If you are a driver and sustain any injuries or damages from an accident, accident benefits will cover your expenses. You can learn more about
The minimum required liability coverage in Canada varies by province, but certain claims can cost well above the minimums. Although it’s your choice, having at least $ 1 million of coverage is highly recommended. This amount represents how much your insurance company will cover in the case of an accident. That said, the average auto claim can cost over $1 million, so you may have to pay any remaining costs out of your own pocket. For a small increase in your premium, getting additional coverage is well worth it.