Is Car Insurance Mandatory in Canada
Is Car Insurance Mandatory in Canada Every driver in Canada is required to carry a minimum of car insurance coverage, which includes civil liability coverage. The exact requirements for coverage may vary from province to province, but in general, mandatory insurance should cover damages to other people and their property in the event of an accident. Is Car Insurance Mandatory in Canada · Protecting the Victims: Mandatory insurance ensures that there is a source of compensation for those who are harmed in a car accident, whether they are other drivers, passengers or pedestrians. · Reducing Financial Risk: Insurance protects the driver from the high costs that may result from a car accident, such as medical repairs and physical damage. · Social Justice: Insurance ensures that everyone is held accountable for their actions on the road, and prevents accident victims from being burdened financially. Types of Car Insurance Coverage in Canada