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How much coverage I need for my car?

How much coverage I need for my car?

If you own a vehicle in Ontario, you are required by law to, at the very least, purchase the following automobile insurance coverage:

  • Third-party liability coverage: Protects you when someone is injured or killed, or property is damaged. Pays defense costs to settle claims from any lawsuits against you, up to the set limit. We recommend $2 million
  • Statutory accident benefits coverage: If you’ve been injured in an accident, regardless of who caused it, accident benefits cover expenses not covered by OHIP like rehabilitation, caregiving and loss of income
  • Direct compensation (property damage coverage): If someone else is at fault for an accident, direct compensation covers damage to your vehicle, its contents and equipment (stereo, speakers) including loss of use and contents
  • Uninsured automobile coverage: Protects you and your family if you’re injured or killed by a hit-and-run driver or an uninsured motorist; covers damage to your vehicle caused by identified, uninsured drivers

In addition to the mandatory minimum coverages that are required by law, you may purchase higher liability limits under your third-party liability coverage, as well as increased accident benefits coverage. You also have the option to purchase physical damage coverage such as collision and comprehensive as well as other endorsements that may benefit you. aha insurance gives you choice and flexibility over your increased coverage options, so you can customize your policy to better suit your needs.

Still have questions? Take a look at these.

What does the liability section of my auto policy cover?

Liability insurance is another way of saying financial protection for you and your family. If you cause an accident that results in an injury to another person or damage to property, your liability insurance covers the financial cost (up to your limit) of making...

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Am I covered if someone else is driving my car?

You are, as long as the person driving has a valid driver’s license. Remember, though, that when you lend your vehicle, you’re lending your insurance. If they get in an accident while driving your vehicle, then that accident would be rated for on your policy.

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Q. Am I covered if I’m driving a rental car?

It isn’t a guarantee that rental car coverage is included in your policy, but there are two types of coverages you can add to your policy: If your vehicle is in the garage for repairs because of a claim made under the physical damage portion of your policy, something...

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Q. Not sure what you’re covered for?

Login to myaccount.ahainsurance.ca and review the details listed under My Policies and Important Docs. And if you still have questions, give us a call at 1 (855) 242‑2440 to speak to an aha insurance broker.

read more

Am I covered if someone else is driving my car?

You are, as long as the person driving has a valid driver’s license. Remember, though, that when you lend your vehicle, you’re lending your insurance. If they get in an accident while driving your vehicle, then that accident would be rated for on your policy.

read more

Q. Am I covered if I’m driving a rental car?

It isn’t a guarantee that rental car coverage is included in your policy, but there are two types of coverages you can add to your policy: If your vehicle is in the garage for repairs because of a claim made under the physical damage portion of your policy, something...

read more

Q. Not sure what you’re covered for?

Login to myaccount.ahainsurance.ca and review the details listed under My Policies and Important Docs. And if you still have questions, give us a call at 1 (855) 242‑2440 to speak to an aha insurance broker.

read more

What should I do if I’m in a car accident?

The first thing you should do is pull off the road as soon as possible, if you can do so safely. Once you’re safely off the road: Notify the police if anyone has been injured or damage to both vehicles is more than $2,000. That’s the combined damage, so it doesn’t...

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Q. How are my auto premiums calculated?

In a nutshell, our insurance carrier’s determine the likelihood of you making a claim in the future. And they determine this likelihood by looking at a bunch of specific data and information about you and your risk. This information includes: Where you live and where...

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