You must have auto insurance in Ontario that meets minimum provincial regulations – full stop.
However, there are additional coverage options you can add to your existing auto insurance policy to ensure your coverage is customized to fit your individual needs. Here are a few you may want to consider in the future:
Emergency road services
If you spend a lot of time on the road for business, commuting to and from work or making trips to the cottage, you may want to include emergency road services. This optional coverage ensures that, in certain circumstances, you receive compensation for towing and emergency service expenses if your vehicle becomes disabled.
Damage to non-owned vehicles
If you’re a frequent traveller and often have to rent a vehicle, you may want to consider extra liability coverage for damage to non-owned vehicles. This covers any damage that occurs to rented or borrowed vehicles in both Canada and the United States, and also means you won’t need additional insurance from the rental company.
Transportation replacement coverage
There is a lot that goes on following a motor vehicle accident. One of the last things you want to worry about is how you’re going to manage the day-to-day while your vehicle is being fixed or replaced. Transportation replacement coverage covers costs if your vehicle isn’t drivable due to an accident or a theft, and ensures you’ll be reimbursed up to a certain amount for a rental vehicle or public transit during the time your vehicle is being repaired or replaced.
Specified perils coverage
If you want to ensure you’re covered in the event of more unique scenarios, specified perils coverage may be ideal. Specific perils coverage protects against losses caused by perils listed in your policy. Some examples are damage caused by certain weather-related incidents, fire, theft or attempted theft.
Comprehensive coverage
Comprehensive coverage offers protection against damage to your vehicle caused by unexpected situations such as flying debris, falling objects, vandalism, theft or natural disasters.
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