No matter what kind of vehicle you have, if it has a motor and is driven on roads, it is required by law to have vehicle insurance. In Edmonton, a range of vehicles traverse our roads each day, including cars, trucks, buses, motorcycles, and others. They’re all eligible to be insured as vehicles. Not only are there different types of vehicles that can be insured, but there are different levels of insurance coverage that you can get for your vehicle. These different levels of coverage guarantee protection for different kinds of damage that can be sustained in an accident. Here are some of those types of coverage:
Liability Vehicle Insurance in Edmonton
Liability insurance is a mandatory form of coverage that all drivers must have. If your vehicle has liability insurance, certain damages like property damage and medical bills related to an accident are covered if the accident “is a result of your actions.” Each province has a minimum requirement for the amount of coverage required. In Alberta, that minimum is $200,000 for liability vehicle insurance. In Edmonton, it’s a wise idea to get coverage that is above the minimum, since any damages beyond your policy’s coverage are your responsibility if the accident is found to be your fault.
The name is self-explanatory: if you get into an accident that is covered, collision coverage will pay to fix your car. If the cost of repairing your car is greater than the car itself, it will be written off as a loss, and collision coverage will pay the value of the car. If you have an older car, collision coverage might be more trouble than it’s worth. Likewise, a new car or one with a high price tag would benefit more with the added safety of collision coverage.
While liability insurance and collision coverage insure against typical accidents, comprehensive coverage deals with problems that arise from other sources. If you hit a deer, a tree branch falls on your car while parked, or your car is simply stolen in the middle of the night, comprehensive coverage will cover your loss in these and similar situations.
Personal Injury Protection
Because the costs associated with an accident can very quickly add up, personal injury protection is available to help with medical expenditures. With personal injury protection, the medical bills of you and any passengers in your car will be paid regardless of who is at fault.
Uninsured Motorist Protection
In the provinces of Canada, it is a legal requirement for drivers to have some form of vehicle insurance. In Edmonton, as with the rest of the country, there are unfortunately people who do not follow the law and drive uninsured. With this type of coverage, your damages would be covered when an accident is caused by a driver without insurance.
These are just general overviews of the different forms of protection that are most commonly used by motorists in Edmonton. For more information, or to begin shopping for vehicle insurance now, give us a call, and we will get you on your way!