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rates.ca
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Definitions (43)
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accident benefits coverage
Coverage protecting you financially in the case of injury resulting from a car accident, regardless of who's at fault. It covers medical expenses and loss of income and is mandatory everywhere in [..]
Meaning awaits approval from a moderator |
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accident forgiveness endorsement
An option offered by some insurance companies where they wouldn't count your first at-fault accident against you.
Meaning awaits approval from a moderator |
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all perils coverage
The broadest coverage available, includes both collision and comprehensive coverage.
Meaning awaits approval from a moderator |
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anti-theft discount
A discount on auto insurance offered by some insurance companies for having anti-theft devices (i.e. car immobilizer) in your vehicle.
Meaning awaits approval from a moderator |
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claim
Request by the policyholder to be reimbursed by the insurance company for loss covered under the insurance policy.
Meaning awaits approval from a moderator |
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collision coverage
Coverage protecting you financially in the case of damage to your car resulting from an accident where you're found at fault. It also covers damage to your vehicle caused by an unidentified perso [..]
Meaning awaits approval from a moderator |
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comprehensive coverage
Coverage protecting you financially from damage other than collision damage done to your vehicle. (i.e. theft, fire, vandalism, etc.)
Meaning awaits approval from a moderator |
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deductible
A pre-determined amount that a policyholder is required to pay as part of a claim before payment is made by the insurance company.
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