Not exact matches
If you own a vehicle in Ontario you are required by law to purchase a
standard auto insurance
policy and coming into effect
on June 1, 2016 there will be changes to the types of
standard Accident Benefits available to you if you are injured in a car
accident.
If you owe more
on your vehicle than what it is worth, and it is stolen or totally damaged in an
accident, a
standard auto insurance
policy will pay you the amount your vehicle is worth but not make up the difference in what you owe.
If you do this, you can pay
standard premiums
on your life insurance and then purchase a special
accident policy that covers skydiving but does not cover other things like disease or illness.
The staggering statistics of
accidents tell us that anyone and everyone can benefit from having an accidental death benefit insurance
policy on top of a
standard life insurance
policy.
On the other hand, because it doesn't offer as much coverage and you won't be driving a vehicle very often (and therefore are less likely to get into an
accident) non-owner vehicle
policies can often be a bit cheaper than
standard auto insurance
policies.
At Allstate, for example, you get
accident forgiveness by upgrading to either a Gold Protection or Platinum Protection package under its Your Choice Auto plan, which can add about 8 to 15 percent to the cost of a
standard policy, depending
on the vehicle owner.
Pt: Avoid tickets and maintain clear driving record: The more tickets or documented
accidents you have
on your record, the more expensive your
policy will be, reaching sometimes several hundred percent when compared to a
standard policy.
Standard policies rarely extend coverage for
accidents, theft or other hazards that can happen
on property used for business.