InsuranceUSA.com offers Nova Scotia car insurance quotes and rates for residents of Nova Scotia. Auto insurance in Nova Scotia is provided by over 60 private companies. They are always in the market for new customers, and as such are in constant competition to offer better prices, more comprehensive coverage, and of course, the best service. All drivers in Nova Scotia must have, by law, at least the minimum insurance coverage. While all that is required is the minimum, there are certainly more coverage options for those who are willing to pay extra.
With so many choices, it is crucial for the people of Nova Scotia to have the right car insurance. The insurance companies help their clients recover after an accident, provide payment if they’re unable to work, and protect them from liability if they are sued by a third party.
Canadian law mandates that provincial governments decide what benefits are deemed mandatory. These mandatory benefits are included in the auto insurance products. The most difficult part for a prospective client is finding the right balance between price and benefits. Striking a balance between the two helps ensure adequate coverage for those people who need to file a claim for benefits. For example, if the government forces insurance companies to include overly generous benefits, the product may become prohibitively expensive.
The government made changes to the insurance system in October of 2003, helping to better balance affordability and benefits (see auto reforms). Of course, there is always room for improvement, and more and more is being done all the time to ensure that Nova Scotians are getting the best coverage they can afford.
Required Nova Scotia Auto & Car Insurance Coverage:
For registration of your car in Nova Scotia, you must purchase at least the minimum amount of coverage allowed under provincial law. This will entitle you to the following benefits:
If Your Driving Is Responsible For Someone Else’s Losses:
If you are found at fault for a car wreck and are sued for another party’s injuries or death, you are covered for a maximum of $500,000 in the event of a legal settlement or court award.
(If you had no insurance, you would be liable for all judgments out of pocket.)
If You Are Injured In A Car Crash:
You are entitled to the following benefits, regardless of fault:
If You Need Medical Care:
Your insurance company will pay medical expenses, up to $25,000 per person, including rehabilitation expenses. They pay after other existing coverage is exhausted, and for a maximum of 4 years.
If Your Injury Causes You To Miss Work:
Your insurer will pay a maximum of $140 weekly for up to two years if you are temporarily disabled. There is also a lifetime benefit if you are permanently disabled.
If you’re a legal adult, with no paying job, you are still eligible for benefits of $70.00 per week for up to 12 weeks if your injury prevents you from performing your normal tasks or duties. These benefits take effect, and begin paying, after a 7-day exclusionary period. No benefit is paid for the first 7 days.
If You Are Killed In A Car Crash:
Regardless of fault, your dependents are eligible to receive a benefit based upon your age, number of dependents, and your status in the household.
If you are the main source in income for the family, and die within 180 days of the accident (or within 2 years in the event you are continuously disabled as a result of the accident), your spouse and dependent children will receive $10,000 dollars. For each additional dependent child after the first, your family receives an additional $1,000 dollars. If your spouse dies in a car crash, the family is entitled to receive $10,000. In addition, the family receives $1,000 for funeral expenses.
If You Want More Than The Minimum Coverage:
If a Nova Scotia resident wants more than just the legal coverage minimums, they may purchase additional insurance policies or benefits, as well. These benefits cover things like damage from vandalism and theft. The insured person also has the option to increase many of the coverage amounts listed above. For price quotes, and a walk through of the insurance industry in Nova Scotia, residents should look at InsuranceUSA.com.