Car Insurance in Halifax

Accident benefits coverage will compensate policyholders for the cost of medical attention if you or someone else involved is injured in a car accident. For example, if you break a bone or suffer from a concussion, accident benefits can cover any medical fees incurred that aren’t covered by health insurance. These may include prescription medication fees, physical therapy fees, and other fees related to your injury, such as lost income.

Direct compensation coverage can help you pay to repair your vehicle if it is damaged in an accident. This coverage allows you to go to your own insurance company to have your vehicle repaired, rather than having to deal with a third party insurance company. To claim this type of Nova Scotia car insurance coverage, you cannot have been at fault for the accident.

Lastly, uninsured automobile coverage will help pay for the cost of an accident if you get into a collision with a driver who is uninsured, underinsured, or anonymous. Whether the driver was driving illegally without car insurance or they fled the scene of the accident (i.e. a hit and run), uninsured automobile coverage can help pay for damages or repairs to your vehicle.

Collision car coverage is great to have if you get into a major accident. With this type of coverage, you can file a claim with your insurer to help pay for the cost of repairing or replacing your damaged car. Collision coverage can be claimed whether you are found to be liable for the accident or not. It also covers accidents with other cars and animals or grounded objects.

Please note that collision coverage may be required if you lease your car in Halifax.

Comprehensive car coverage is another popular type of optional car insurance coverage in Halifax. You may also hear it referred to as parked car insurance and this is because it safeguards cars against risks while parked.

Specifically, you can file a comprehensive coverage claim if your car is stolen or damaged while parked. The perils that this type of coverage protects against range usually include theft, vandalism, fire, explosions and riots, falling and flying objects, and weather-related incidents. Comprehensive car insurance may pay to repair or replace your vehicle if it is damaged under any of the aforementioned circumstances.

One more type of optional car insurance coverage popular among drivers in Halifax 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 help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage and eligibility vary by province.

A waiver of depreciation can be added as a rider or endorsement to your Halifax car insurance policy. When added, you will receive a payout from your insurance company that is equal to the value of your car in the event that your vehicle is totalled in an accident and needs to be replaced. Unlike actual cash value coverage, the biggest perk of a waiver of depreciation is that it does not account for depreciation when calculating your car’s worth. Thus, the former usually results in a much larger settlement than the latter, allowing you to return to your normal routine quickly and smoothly.

Loss of use coverage can pay for you to take taxis, rent a car, or take public transit while your vehicle is being repaired if it gets damaged in an accident. We all know how long a car can take to repair.

Thankfully, while your car is in the shop, you can be reimbursed for the cost of getting around with loss of use coverage. Please note that as with any coverage, loss of use coverage has a limit. It is important to choose a limit that meets your needs.