What Insurance Coverages are Mandatory for Automobile in NL?

Third-Party Public Liability at $200,000 and Uninsured Motor Coverage are the mandatory coverages. Although $200,000 is the required minimum, many insurers do not offer this limit as it viewed as too low in the context of our society. At Crosbie Job Insurance, we would recommend $1,000,000. We also highly recommend that all insured people carry accident benefits coverage. Physical damage to your automobile is optional, although if you lease or have a loan on the car, your lender/leaser will require physical damage coverage.

How Much Liability Coverage Do I Have To Carry?

In Newfoundland and Labrador, you are required to carry $200,000 in liability coverage. At Crosbie Job, we recommend that you carry $1,000,000 (if you have a lease on your carry, the leasing company will require $1,000,000).

What Are The Benefits of BCPD?

This system was set-up so people can quickly go through the claims process with their insurance provider. You don’t have to wait too long to get your compensation.

What Is Direct Compensation For Property Damage?

Direct Compensation For Property Damage (DCPD) allows people who have auto insurance to be compensated by their direct insurer for property damages resulting in a collision caused by another driver.

Is DCPD Available in Newfoundland and Labrador?

Yes, DCPD is now available in Newfoundland and Labrador! Before it was only a system that was used in Ontario, Nova Scotia, Quebec, and New Brunswick, but Newfoundland and Labrador have adopted the system used by Nova Scotia.

Do I Really Need Auto Insurance?

If you drive in Canada, you are required by law to have some sort of auto insurance coverage. A basic policy should include third party liability insurance (usually needs to be at least $200,000), uninsured automobile coverage, and accident benefits insurance. In Newfoundland and Labrador, it is not required to have accident benefits insurance, but we highly suggest you include it in your insurance policy.

What Affects My Insurance Premiums?

Whenever you make a claim on your home insurance or if you get a ticket while driving, it will affect your insurance premiums. Your rates will change depending on the type of claim and if you were at fault or not. For example, if you get into an accident, it may affect your premiums for a number of years; if you get a ticket for careless driving or a DUI, it will affect your premiums for typically three years. These are just some of the most common ways your premiums can get affected, contact Crosbie Job today to learn more about the inner workings of insurance and what may determine your rates.

I Run My Business Through My Home, Will This Affect My Insurance?

A lot of people have made the switch to work from home, so they are curious about how their insurance will be affected, if at all. It is best to speak with a broker about this aspect because running a business through your home will generally affect your insurance, but it may affect everybody differently. Some people may have limits on their business property, such as computers, equipment and software, while others may require additional liability insurance. Talk to your broker today to discuss if home business coverage will be the best option for your needs.

11 Tips To Prevent Thieves From Breaking Into Your Car

Its a common thing to hear in the insurance industry. My Car was broken into. As an insurance broker we hear that a lot. It struck me the other day, when I heard a client telling his representative about his most recent adventure, It really got in my craw. With all the modern technology there has to be a way to prevent these break-ins, but the more research I did pointed to using some good old fashion common sense.

My Research

All the checking around whether it was on the internet, or looking through claims reports all point to us as the best deterrent to car break-ins. Most automobile break-ins are smash and grab or snatch and go. They last less than 60 seconds. As well as the holiday season fast approaches these types of crimes seem to increase. So what can be done?

Speaking to police and claims adjusters, we have developed 11 Tips that should help deter would be thieves:

Ensure your doors are always locked and that you have your keys
Always park in well lit areas
Never leave any kind of money (even a bit change) in sight. Really you should not leave money in your car
Always roll up your windows. Make sure sunroofs are closed.
Put any shopping bags/parcels or other valuables in a locked trunk. If there is no trunk cover them up with your cargo cover.
If you have a portable GPS, make sure it is out of sight. Wipe any suction cup marks off (leaving suction cup marks tells the would be thief that there is could be a valuable GPS in the car.
Try not to leave any identification, including your insurance pink slips and vehicle registration in the car. Or at the very least lock it away, As digital pink slips have become legal this year, it would be smart to digitize your vehicle registration as well. (Hey this is a good opportunity to plug our 24-7-365 Digital Smart Phone App Search for Crosbie Job Insurance on your app store and get your digital pink cards)
Take all electronics with you.
Don’t leave your Car Running
If you park in the same parking lot often, try not to park in the same spot all the time
Use an alarm system in your car

So What is Most Commonly Stolen?

Research shows the following items are most commonly stolen, so taking it with you, leaving it home, or locking it in the trunk will deter would be thieves:

Laptops/Ipads
Money/Change
GPS
Shopping Packages
Purses
Compact Discs
Stereos,
Ipods/MP3 Players
Briefcases
Tools
Personal Documents

Won’t Insurance Cover it?

That the million dollar question. Most people think your auto insurance policy will cover theft from your car. Well the first thing is you have to have Comprehensive or Specified Perils coverage (Specified Perils won’t cover windows smashed or vandalism to the car). Assuming you have that coverage then things that are factory installed parts of the car that are stolen will be covered. But really when we look at the common items stolen, how many of them are permanent fixtures perhaps a stereo, a Cd Player, GPS etc.

What about the Other Stuff? Well that’s where your homeowners or tenants coverage comes into play. They are typically covered as items that are temporarily removed from your home/condo/apartment.

Its important to remember that you will also have to pay a deductible if filing a claim (possibly two deductibles if filing under both policies).

The Big Sell

So now that you have some tips in your arsenal to help prevent your car from being broken into, its time to review your insurance policies. At Crosbie Job Insurance we are your Newfoundland and Labrador Auto & Home Insurance Experts. It only takes a few minutes to give us a call and we will be more than happy to review your current coverage and then tailor insurance policies that suit your needs. .

At Crosbie Job Insurance Limited we have protected the citizens of Newfoundland and Labrador since 1984. When you insure with Crosbie Job it’s our job to get you the best coverage at the best rate. We work with many different insurers to place your business. Our insurance is based on Strength and Experience. You Can Sleep Easy, We’ve Got You Covered!

Don’t waste a moment. Please feel to contact us for a quote. We are here for you.
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Meet the team: For Brokers Across the Island
Ph: 709-726-5414 or 1-800-563-7788
Email: [email protected]