Types of Auto Insurance Coverage in Victoria BC
Introduction • Auto Insurance is also known as vehicle insurance, car insurance and motor insurance. It is a type of insurance for all type of vehicles running on the road. • Its main motto is to provide financial protection against any damage like physical damage, bodily injury caused during traffic collision. • It also provides other financially protections like theft, keying and damage sustained by colliding with stationary objects. • There are different types of auto insurance in Victoria BC explained in the next slides:
1. Liability Coverage • Helps to recover the expense of third party when you are in fault in a car accident. • It consist of two types of coverage : 1. Bodily Injury 2. Property Damage. • The first one pays all expenses occurred during accident while second one reimburse for damaged property.
2. Physical Damage Coverage • Is a generic term for group of insurance that protect your vehicle. • It is a combination of two types of coverage: 1. Collision 2. Comprehensive and is differ by the circumstances in which your car damaged. • Collision coverage is optional, but recommend to include in your policy. • Comprehensive is known as OTC or Comp insurance, which covers vandalism, theft and damage from natural disaster.
3. Rental Insurance • Some insurance organizations increase their insurance of ones liability to hire cars. • You would like to double check with them in advance of renting a car and spending extra revenue for rental insurance coverage
Contact Us • Discovery Insurance Service has been serving for 20 years in Hillside Center, Victoria. • We provide all types of insurance from life insurance to auto insurance.
#26-1644 Hillside Ave. Victoria, B.C. V8T 2C5 Tel: (250) 592-4887 Toll Free: 1-888-567-9555 Fax: (250) 592-4099 Email: edney@discoveryinsurance.net