What Are Compulsory Insurance Statutes

With a growing number of cars in the worldaccident the fault can be distributed among two
countries like Canada or the United States andor move drivers involved. Medical coverage pays
European countries, also experience a growingfor the cost of treating injuries after the accident,
number of car accidents. Auto insurance becamethe process of rehabilitation and in some cases
one of the main things that protects the driveralso lost wages and even funeral expenses, for
from financial losses. Auto insurance is a legalthis type of coverage it is important to provide all
contract between driver and insurance company,the checks and bill for medical expenses. As for
that not only provides ongoing protection to theauto insurance in Canada several Canadian
driver, but also can be a constant reminder of theprovinces (British Columbia, Saskatchewan,
possible dangers on the road. While the driverManitoba and Quebec) provide a public auto
pays the premium to the company, the companyinsurance system, while the rest of the provinces
provides coverage in case of an accident. Thereprovide private insurance. The basic auto
are three types of coverage available in anyinsurance is mandatory throughout Canada, still
insurance: property, liability and medical coverage.the government of each province defines which
Property coverage pays for damage done tobenefits are included as minimum required auto
your car and in some cases repays the costs ininsurance coverage and which benefits are options
case of theft. Liability coverage pays for youravailable for those seeking additional coverage.
legal responsibility to others for causing bodilyThe coverage itself is also different from province
injury or property damage during an accident. It isto province, for example accident benefits
calculated according to the fault of the driver andcoverage is not mandatory in Newfoundland and
it is important to remember that in case of anLabrador.