In Canada, for Auto Insurance, what does "Accident Benefits" generally cover? And is it mandatory you have it?

Question

In Canada, for Auto Insurance, what does "Accident Benefits" generally cover? And is it mandatory you have it?

Answer 1

It depends where you are, and what you are insuring, but, basically it covers replacement wages (partially), ambulance and hospital/medical bills.  In  Manitoba, you would buy it for an off-road vehicle, but not a car because PIPP is automatic with your car insurance and is more comprehensive.  In other provinces, you have to check with your insurer, but why would you not want it?  People don't buy collision to save money, then ask for help when someone runs into their car.  People don't buy comprehensive to save money, then ask for help when someone vandalizes their car.  People without accident benefits could suffer great financial loss in the event of a hit and run, or a single vehicle accident, where there is not another driver to sue.

If you want some more information, I would check out...

http://www.knowledged.info/go.php?link=i...

Take care.

Answer 2

For automobile insurance the most efficient way to get a good rate is do a rate comparison on car policies. Make certain that you compare similar options with the same deductibles, car make, zip code, etc so that all things are a good comparison.



What I always recommend is an internet comparison quote at http://www.InsureAutoNow.info since they have big name insurers and will give several quotes on auto insurance polices.