By law in Ontario, you are required to purchase the below automobile insurance coverage: Third-party liability coverage: Protects you when someone is injured or killed, or property is damaged. Pays defense costs to settle claims from any lawsuits against you, up to the set limit. We recommend $2 million. Statutory accident benefits coverage: If you’ve been injured in an accident, regardless of who caused it, accident benefits cover expenses not covered by OHIP (like rehabilitation, caregiving, and loss of income). Direct compensation (property damage coverage): If someone else is at fault for an accident, direct compensation covers damage to your vehicle, its contents, and equipment (stereo, speakers), including loss of use and contents. Uninsured automobile coverage: Protects you and your family if you’re injured or killed by a hit-and-run driver or an uninsured motorist; covers damage to your vehicle caused by identified, uninsured drivers.

You may also purchase: Increased Accident Benefit Coverage, higher liability limits, physical damage coverage (Collision and comprehensive)