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Automobile Insurance
The Ontario Automobile Policy (O.A.P. 1)
Owner's Policy was approved by the Insurance Commissioner
on November 1, 1996. All insurance companies who sell auto
insurance in the province of Ontario use the same policy.
If you own an automobile (including snow
mobiles, all terrain vehicles, motor homes, and trailers)
that is operated on a highway in the Province of Ontario,
certain insurance coverages are required by law. You may also
choose to buy additional insurance to extend these coverages
to protect against other risks.
Remember, that you only have a specific coverage
if your Certificate of Automobile Insurance shows a premium
for it or it is provided at no cost. If you have insured more
than one automobile, a premium must be shown for each automobile.
Insurance that is required by law:
Liability protects you if someone else is
killed or injured or their property is damaged. It will pay
for legitimate claims against you up to the limit of your
coverage, and will pay the costs of settling claims. The minimum
liability limit required by law in the Province of Ontario
is $200,000.
Accident Benefits provides benefits if you
are injured in an automobile accident, regardless of who caused
the accident. These benefits include:
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supplementary medical care,
rehabilitation and other care, |
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a tax-free income benefit for wage earners
or self-employed, |
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an allowance to those who have no income
from employment, |
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an allowance when a caregiver is injured,
and |
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funeral expenses and death benefits
when a person dies in an accident. |
Uninsured automobile protects you if you
are injured or killed by an uninsured motorist or by a hit-and-run
driver. It also covers damage to your automobile caused by
an identified uninsured motorist.
Direct Compensation - Property Damage, under
certain conditions, covers you in Ontario for damage to your
automobile and to property it is carrying when another motorist
is responsible.
Optional Insurance:
Increased Liability - You may buy coverage
beyond the minimum limit required by law.
Loss or Damage to Your Automobile - You may
buy coverage to protect you against loss of, or damage to,
your automobile caused by collision, fire, theft, and a variety
of other unpredictable risks.
Other Optional Coverages - You may buy additional
coverages in a number of other areas including, but not limited
to, increased accident benefits limits, loss of use, waiver
of depreciation, etc.
Please contact us for details of the
coverages that are available to you.
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