Automobile Insurance

Q: Do You Have Enough Third Party Liability Coverage?

If you are driving a car that gets into an accident and are found legally liable for negligence that causes property damage, injury, or death, do you have a enough liability coverage to protect you and your family from financial ruin? For many drivers on the road today the answer to that question is a definite “NO”.

If you have the misfortune to be in a serious automobile accident where you are at fault, you could be liable for covering a lot of expenses for the victims of the accident. Those expenses could include the vehicle damage, medical bills, lost income, and even death benefits, and can easily add up to a significant amount of money.

The Saskatchewan Auto Fund automatically gives the minimum amount of protection by law, to every vehicle & driver licensed in Saskatchewan: $200,000 third party liability, and personal injury coverage. However, Canadian and U.S. courts often award damages that are much higher than $200,000. In fact, injury awards can often exceed $1 million.
Without Extended Third Party Liability coverage, you are responsible for paying any amounts above the $200,000 covered by Basic Auto Fund coverage.

Many drivers consider the key benefit of extra automobile insurance coverage—like the SGI AutoPac—as a way to lower your deductible (the amount you have to pay in a claim) in the event of a collision. However, smart motorists understand the most important reason for extra coverage is to increase their Third Party Liability protection coverage to protect themselves and their family.

There are several options available to you to get this additional coverage, with increased liability coverage from $1,000,000 to $5,000,000. To better understand your options for automobile, home, or business insurance, come and see us at any of the 5 Regina area locations of Harvard Western Insurance.

Rhonda Beblow
Manager, Normanview Crossing Branch
Harvard Western Insurance