This coverage tailored to protecting you and your passengers from medical bills will likely be included in your policy for trailer insurance in Vaughan and can offer reimbursement for whatever expenses that are incurred following an insured loss.
Property Damage Liability
Property damage liability can protect you from having to manage your liability expenses alone. If you should be held accountable for damages done to a third party’s vehicle or property, this coverage may help. Both property damage liability and bodily injury liability are required by provincial law in Ontario and it is illegal to drive without either.
Accidents can happen anywhere, not just on the road. Comprehensive coverage can help pay back for the cost of repairs or replacements necessary following an incident such as falling objects, theft, fires, storms, vandalism, or other disasters. If you don’t own your trailer, you may be required to acquire this protection to ensure your renter or the company you are renting through that you have protection against these exposures.
Bodily Injury Liability
There is a reason that accidents are called “accidents.” No matter what we do, we cannot prevent accidents from happening. Should you be held accountable for bodily injury done to a third party while you are driving your trailer this coverage can be critical. Bodily injury liability may help to pay back the costs of someone’s medical bills or, if necessary, their loss of income.
Ontario has something called “no fault” insurance that means it doesn’t matter who caused an accident. With collision coverage, you may be able to be reimbursed for replacements or repairs for any damages to your trailer due to a crash with an object or another vehicle. If you rent your vehicle it might be required by the company or individual you are renting through that you purchase this protection.