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Things to Know Before Getting Vehicle Insurance in Edmonton

Buying a car or any vehicle for that matter is a dream of many people; however, a vehicle comes with a lot of responsibilities. Owning a motor vehicle is more of a liability than a luxury if you do not have a good insurance plan. 


In a city like Edmonton, you must take private vehicle insurance to take your car on the road without any risk. So, if you recently bought a vehicle or are planning to buy one, here are the things that you need to know before buying an insurance.




Types of Vehicle Insurances


When it comes to automobile insurance, there is no single plan that covers all the necessities. Here are the different types of insurance policies for motor vehicles:


  • Third-Party Liability Insurance:


If you are a driver in Alberta Province, it is mandatory for you to take a Third Party Liability insurance, also known as the Personal Liability and Property Damage Insurance. This insurance saves you from the liability of damages that your vehicle causes to a person or a property. The minimum mandatory amount for this compulsory insurance is $200000.


  • Accident Benefits coverage:


Accident Benefits Insurance is also a legally mandatory insurance in Alberta Province. It is the insurance that covers you in case of causality or injury of passengers during an accident. The victims of the accident will get the coverage no matter whose fault the accident was. The expenses covered under this plan include:


  • Medical bills

  • Rehabilitation charges

  • Expenses for Funeral

  • Death Benefits

  • Income replacement.


The uninsured motorist coverage of this policy ensures that the sufferer or their relatives (in case of death) gets benefits even if the driver is uninsured.


  • Collision coverage:


It is the insurance that covers the damage caused on your vehicle due to a collision with another vehicle or object. As it is not compulsory insurance, it is the owner's discretion whether or not to take it. This insurance covers the repair or replacement of all the damaged parts no matter whose fault the accident was.


  • Specified Perils:


In this type of insurance, you can pick specific risks that you want to get coverage for according to your requirement. It is the most useful insurance in case of incidents like fire damage or theft. You will get full coverage for all the perils that you choose, and the payment also varies on that. If you are taking this additional coverage, keep in mind that the only risks you mentioned in the policy will get coverage.


  • Comprehensive Insurance Cover:

It is the highest degree non-compulsory extensive insurance coverage plan offered by any Auto insurance broker In Edmonton. Any damage, including fire and theft( other than collision), will get coverage under this plan; even damages caused by environmental disasters and vandalism are covered under this policy.


  • All Risk Insurance:

It is the complete combination of all the non-compulsory insurances; it covers all types of damages, including collision and non-collision. In short, it is a combination of comprehensive insurance and collision insurance.


Get your vehicle Insured, Edmonton!


Even if you are a risk-taker, it is not wise to take your vehicle on the road without an extensive insurance plan. So, don't think twice about it; connect with the most trusted Auto Insurance Broker in Edmonton, Alliance Insurance, and get your car insured now!


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