What you need to know about third-party liability insurance in Canada
Third-party liability insurance is mandatory coverage for all drivers in Canada. It offers protection for drivers if they’re at fault in an accident and the other party is hurt or even killed. This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party insurance coverage, except for Quebec, where the minimum is $50,000. Many Canadians set their policy default between $1 million and $5 million.
Original Article Source Credits: MoneySense , https://www.moneysense.ca/
Article Written By: WINSTON SIH
Original Article Posted on: OCTOBER 7, 2020
Link to Original Article: https://www.moneysense.ca/spend/insurance/third-party-liability-insurance-in-canada/