Car Insurance: Wheatley, ON

Your car insurance in Wheatley must cover these four areas: third-party liability, statutory accident benefits, uninsured automobile and direct compensation - property damage (DC-PD). Each area has required minimum coverages. For third-party liability, you must carry at least $200,000 but have the option to receive coverage into the millions of dollars. Look at the value of your assets when determining coverage amounts. Don't let a lawsuit risk everything you've worked hard for. Mandatory insurance protects you in situations such as the following up to your coverage amount:

• Lawsuits where you are ordered to pay
• Hit-and-run drivers
• Uninsured drivers
• Income loss
• Non-earner injuries or death
• Damage to your vehicle in an Ontario accident

They do not apply in all situations, though. Many people get optional insurance, especially if they drive often (including out of Ontario) or don't want to risk being underwater on a car loan.

You can get car insurance in Wheatley to protect against damage caused by earthquakes, lightning, windstorms and even an aircraft's forced landing. This coverage is called specified perils, and you choose the incidents you want protection against. If you'd like the widest-ranging protection, choose all perils. It combines all optional coverage, plus it gives you even more protection against theft.

Comprehensive coverage is a popular option. It pays for losses caused by multiple specified perils along with losses caused by vandalism, flying or falling objects, and missiles. Meanwhile, collision or upset coverage applies in situations involving car tip-overs and various types of collisions (including incidents outside of Ontario where DC-PD might be unexpectedly ineffective).

Regardless of your coverage type, your car insurance in Wheatley might not cover you in situations such as the dangerous operation of your vehicle or the failure to stop at the scene of an accident. If you have questions about the fine print, let us know.