Car Insurance in Fort McMurray

Direct compensation is the next type of mandatory coverage in Alberta and it is intended to protect policyholders from property damage that results from accidents. This type of coverage can only be claimed if the policyholder was not liable for the accident (if they were liable, the claim would likely fall under the third party liability portion of their policy).

Uninsured automobile coverage is of the utmost importance for Fort McMurray drivers. It will protect you if you end up in a collision with a driver who does not have insurance or is underinsured. Without this coverage, if such an incident occurred, you might be on the hook for paying the cost of repairs, medical fees, etc. on your own. But when you purchase uninsured automobile coverage, your insurer will provide compensation for lost wages, repair bills, medical expenses, and more (they can also compensate you in a similar way for hit-and-run incidents).

If someone is injured in a car accident, no matter who was responsible for the accident, accident benefits insurance can help you cover any related medical costs. This coverage not only covers the policyholder’s injuries, but also the injuries of someone else involved in the accident, such as a passenger, a pedestrian, or another driver. Accident benefits coverage can fill the gap that health insurance leaves, paying for expenses that peoples’ healthcare policies do not cover, such as rehabilitation.

Don’t let one accident break the bank. Instead, purchase collision coverage alongside your Fort McMurray auto insurance policy. Doing so can help reduce the financial repercussions of a serious car crash. More specifically, it can compensate the policyholder for property damage that results from an accident (e.g. dents, scratches, or worse).

Get wide-ranging protection for you and your vehicle with comprehensive coverage. Comprehensive coverage is also optional but is commonly added to Fort McMurray auto insurance policies. It can protect cars from damage caused by insured perils like fire, theft, vandalism, falling objects, windstorms, and more. If you are unsure whether comprehensive coverage is right for you and your vehicle, give BrokerLink Fort McMurray a call, and an advisor will be pleased to offer their opinion.

One final type of optional car insurance coverage popular among Fort McMurray drivers is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement, to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage varies by province.

If you're buying a new car, adding this coverage to your policy is worth considering. It ensures you're covered for the full value of your vehicle without factoring in depreciation. That means if your car is stolen or totalled, you'll be reimbursed for the cost of a brand-new vehicle—not just what it's worth after wear and tear.

If you ever get into an accident and your car needs repairs, loss of use coverage has your back. While your car is in the shop, this coverage helps pay for other ways to get around—whether that's hopping on public transit, using ride shares, or renting a car. It can be a real lifesaver, especially if your car ends up being out of commission for days or even weeks.