Because auto insurance is mandatory in Canada, and if the police deal with it, it will usually result in fines, suspension and sometimes confiscation of the car, so it is important to take out car insurance.
In general, we have several models of car insurance, the most basic of which is mandatory, is Third Party Liability Coverage, and because the driver is considered in this type of first person insurance and the insurance company that pays the damage, the person Second or second, eventually any person or persons who have suffered financial or personal loss in the accident other than the driver is considered a third party and the costs of treatment, death and damage to them will be covered by this type of insurance. Took. This insurance does not cover the costs incurred by the driver, and if the damage is more than the coverage of the person, the person is obliged to pay the difference, so it is necessary to have adequate and sufficient coverage.
For example, let’s look at how car insurance is calculated in Ontario, and a few tips on what factors can determine the amount paid for this type of insurance:
But what factors affect the price of car insurance:
Due to the great variety of conditions and facilities in preparing and using any kinds of insurance, it is recommended that you consult with one of our insurance advisors before making any decision. Our expert team at Forever Insure is always ready to provide the right consultation to you and thus help you make the right choice.
For more information, please contact one of our advisors at Forever Insure for a free consultation.