Car insurance: Know the rules Automobile insurance coverage is a requirement for every driver and can be especially helpful in protecting the assets of small-business owners. Car insurance guarantees payment of expenses incurred when your vehicle is involved in accidents or is subjected to vandalism or theft. -------------------------------------------------------------------------------- All Canadian drivers are required by law to have third-party liability insurance. This covers damages and liability in case you nationwide insurance nationwide insurance injure or kill someone or damage someone's property in a car accident. Each province defines the amount of liability insurance you are required to carry. For every province except Quebec the mandatory minimum liability insurance is $200,000. In Quebec, the minimum liability requirement is $50,000. However, you should carry more than the mandatory liability insurance as court awards can many times be higher than the minimum coverage. If a insurance home nationwide insurance person files a claim for bodily injury and property damage and that claim reaches or exceeds the limit of your policy's liability, payment for property damage would be limited. That limit is $20,000 in Newfoundland, New Brunswick and the Yukon. Elsewhere, except Quebec, the property damage would be limited to $10,000. Personal injury claims by Quebecers are prohibited in Quebec. A provincial fund pays for hospital and medical insurance quotes other topics nationwide insurance costs for injuries sustained in car accidents. The fund pays fixed amounts for pain, suffering and loss of income. In Quebec, all of the $50,000 provided by liability insurance is used to resolve property damage claims for accidents within the province. It covers personal injury and property damage in accidents that occur outside Quebec. Here are other options that are available in an auto insurance policy: Collision coverage will oregon health insurance nationwide insurance cover damage to your