rates.ca

Website:https://rates.ca/
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Definitions (43)

1

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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 [..]
Source: rates.ca

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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.
Source: rates.ca

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all perils coverage


The broadest coverage available, includes both collision and comprehensive coverage.
Source: rates.ca

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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.
Source: rates.ca

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certificate of insurance


A document confirming the purchase of insurance.
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claim


Request by the policyholder to be reimbursed by the insurance company for loss covered under the insurance policy.
Source: rates.ca

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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 [..]
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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.)
Source: rates.ca

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damage to non-owned vehicle endorsement


Covers you in case you cause damage to another vehicle not owned by you.
Source: rates.ca

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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.
Source: rates.ca


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