Different Types of Optional Auto Insurance Coverage in Victoria BC
Basically, a vehicle you are going to buy or own should already have insurance coverage as per the laws in Canada and almost every other country in the world. If you have made plans of buying a vehicle, then you also need to think about protecting it.
Auto Insurance coverage is a package of several different types of insurance. What you need to determine is - What are your requirements? There are also many optional auto insurance coverages available in the market, so choosing one can be a daunting task.
Here we discuss different types of optional auto insurance coverage:
1. Collision:
Collision Insurance is optional insurance coverage that helps pay to repair or replace your car if it’s damaged due to a collision with another vehicle, or an object such as a tree, post or a single car accident. While there are many benefits of collision insurance, the main one is that you can file a claim and receive reimbursement irrespective of who was at fault.
2. Comprehensive:
This type of insurance is alike to Collision insurance. The main difference of comprehensive car insurance is that it pays for damage to your vehicle caused by an "unknown entity" or "an act of God “such as theft, vandalism or hail, earthquake, which are not collision-related. It is usually purchased in addition to liability insurance, which is needed by most states to drive legally.
3. Rental Vehicle Coverage:
Your personal auto insurance company may not provide you with this type of vehicle coverage. So, before renting a car, make sure that you have purchased a rental vehicle coverage. This type of insurance provides third-party liability coverage, accident benefits and many more. An insurance company can give you better rates than from a rental car company.
4. Coverage for New Vehicle:
Can you afford to replace your new car because of a crash? After a home, your new car is typically the second-largest purchase you'll make. You can protect your new vehicle with coverage that will repair or replace it in the event of a crash or accident. Coverage for a new vehicle can provide replacement even if you were at fault for the crash.
If you love your vehicle (auto) & not having auto insurance, then it is a good time to buy it. Get the auto insurance at an affordable cost from Discovery Insurance, Victoria, BC.
For more information visit us www.discoveryinsurance.net or call us at (250) 592-4887.
Our experienced insurance brokers in Victoria will assist you & explain every detail about the plan & its benefit.