What Is A Car Insurance?
Auto insurance is required by law in Canada to operate a motor vehicle. The extent of the type of mandatory auto insurance coverage varies in each province. In the event of an accident or theft, auto insurance protects the driver and owner of the vehicle from incurring a financial loss. The contract of auto insurance is between the owner of the vehicle and the insurance company. The extent of damages or losses covered under auto insurance depends on the insurance policy. In exchange for having loss/ damages covered under the insurance, the owner of the vehicle pays a premium for the insurance. The auto insurance must include coverage for the primary driver as well as any additional drivers of the household who drive the vehicle on a routine basis.