Simplifying your physical damage options.
Confused when it comes to choosing
Physical damage is just one key part of your policy – but with so many jargon-filled options, it quickly gets confusing.
Here’s a simple breakdown of your physical damage options with a few handy tips along the way.
Collision – Your Fault
Accidents happen. The good news is, even if you’re at fault, this will cover the damage to your vehicle.
Collision – Not Your Fault
Accident not your fault? This covers damage to your vehicle and its contents. Your insurer will even set you up with a rental vehicle. Also known as Direct Compensation Property Damage.
Heads Up: If you live in Alberta, Collision coverage also includes no fault collisions. In Quebec, this is covered under Liability coverage.
Rock hit your windshield? Someone keyed your car? Don’t worry this has your vehicle covered for damage from things like falling objects, vandalism, fire, theft, lightning, windstorm and earthquake.
You’re covered for everything under Collision and Comprehensive. Plus, if your vehicle is stolen by an employee, someone making repairs or by someone who lives in your home, your insurer will cover the loss or damage caused.
This covers damage to your vehicle caused by fire, lightning, windstorm or earthquake. What makes this different from Comprehensive coverage? It won’t cover damage from vandalism or falling objects here.
No Physical Damage Coverage
Removing Collision and Comprehensive coverage from your vehicle means you won’t be covered for damage to your vehicle caused by an at-fault accident. You’ll also not be covered for damage caused by falling objects, vandalism, fire, theft, lightning, windstorms or earthquakes.
We hope that helped take some of the confusion out of perils coverage. Now you should be ready to make a smart choice for your vehicle’s physical damage coverage.