It’s the law

Every jurisdiction in North America requires you – as the owner of your vehicle – to insure it for your liability against personal injury to a third party or damage to their vehicle or other property. In Alberta, the minimum liability limit is $200,000.

It’s for peace of mind

A serious collision, however, could result in an injury lawsuit that can easily exceed that amount, which is why most people carry at least a $1 million limit. At Milestone, we actually recommend a limit of $2 million to all of our clients. In addition; you may also want to consider purchasing an umbrella liability policy for added protection.

It’s your choice

Besides Third Party Liability, you’ll likely also want to insure your vehicle for its own damages in the event of a collision, vandalism, heavy wind or hail – or if somebody steals it.

Policy Highlights

Full Coverage *

We will always seek to insure you based upon your individual needs, however when you request to be "fully covered", here’s what your policy (or quote) will typically include:

Section A – Third Party Liability § - $ 2,000,000 limit
Section B – Accident Benefits §
Section C – Loss of or Damage to Insured Automobile (your vehicle)
 Subsection 2 – Collision or Upset - $ 500 deductible
 Subsection 3 – Comprehensive - $ 250 deductible

§ Mandatory Operating Coverages

Standard Endorsements (SEF No.):

13D – Comprehensive – Limited Glass Endorsement
20 – Loss of Use Endorsement - $1,500 limit
27 – Legal Liability for Damage to Non-Owned Automobiles Endorsement
    $50,000 limit / $500 deductible
44 – Family Protection Endorsement

Optional Coverages *

Besides the typical coverages, there are a number of other coverages which you may want to consider:

Section C – Loss of or Damage to Insured Automobile (your vehicle)
 Subsection 1 – All Perils - includes theft by employee or a member
     of your household
 Subsection 4 – Specified Perils - loss or damage by fire, theft and
     other specific perils only
Nine Star or Six Star Protector
Waiver of Deductibles

Other Endorsements (SEF No.):

2B - Drive Other Automobiles Endorsement
5 - Permission to Rent or Lease (Specified Lessee) Endorsement
6A – Permission to Carry Passengers for Compensation Endorsement
19A – Valued Automobile Endorsement
23A – Mortgage Endorsement
32 – Recreational Vehicle Endorsement
38 – Increased Limit, Automobile Sound and Electronic Communication
    Equipment Endorsement
43R or 43L – Limited Waiver of Depreciation Endorsement

* Certain conditions, exclusions and special limitations apply – always consult your policy wording