Auto insurance is beneficial at the risk of being in an accident or causing an accident. Any financial loss arised from such causes will be covered by an auto insurance. Here is a presentation on more benefits of Auto Insurance and how it helps and protects you and your family.

1. BENEFITS OF
AUTO
INSURANCE

2. WHAT IS AUTO INSURANCE?

3. ● Auto insurance is a contract between you
and the insurance company.
● It protects you against financial loss in the
event of a theft or accident.
● In exchange for your paying a premium, the
insurance company agrees to pay your
losses as outlined in your policy.

4. WHY DO YOU NEED AUTO
INSURANCE?

5. ● You must have car insurance if you own a car or
other vehicle.
● Your auto insurance protects you from:
1. Having to pay to repair your car or other vehicle
if it’s damaged or in an accident.
2. Liability claims if you are held responsible for
an accident causing damage to another person’s
vehicle or injury to other people.

6. WHO IS COVERED UNDER AN
AUTO INSURANCE?

7. ● If you get into a car accident, your insurance covers:
1. The driver
2. All passengers
3. Other people who are involved
● The principal driver is the person who drives the car
most often.
● If any additional drivers listed have a
poor driving record, your premiums may
increase.

8. WHAT AUTO INSURANCE COVERS

9. 1. MANDATORY INSURANCE COVERAGE
● Canadian provinces and territories require drivers to have mandatory
coverage. Some provinces may require more coverage than others.
2. LIABILITY INSURANCE
● Liability insurance covers losses, such as injury or death, which your vehicle
causes to other people.
● If the cost of the losses/damage is more than your liability limit, you'll need to
pay the balance of the settlement yourself.

10. 3. ACCIDENTAL BENEFITS INSURANCE
● Accident benefits cover the cost of your own medical expenses and loss of
income when you're in a car accident.
4. COLLISION INSURANCE
● Collision insurance covers the cost of repairing or replacing your car if you
hit another car or object. This is sometimes included with your mandatory
insurance coverage.

11. BENEFITS OF AUTO INSURANCE

12. ● Covers damage or loss to insured vehicle.
● Personal accidental cover.
● No claim bonuses.
● Gives you a piece of mind.
● Ensures reliable transportation.
● Reduces the number of lawsuits.
● Quick and hassle-free process.

13. THANK YOU