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.

Auto Dealership Insurance

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Newfoundland Auto Dealership Insurance

As an auto dealer, you have some obvious risks since the value of your business sits vulnerably on display in showrooms and on open lots each day and night. But does your Newfoundland auto dealers insurance policy also consider the liability inherent in business transactions? A buyer’s claim arising from accidental false information can be just as devastating to your business as a theft or damage to your inventory.

A comprehensive auto dealer insurance policy in Newfoundland can include coverage such as:

Theft and Damage

Consumer Complaint

Errors and Omissions: Odometer, Truth in Lending, and Title Prep

Personal Injury

Worried about costs? Don’t be. Newfoundland auto dealers insurance is some of the most affordable protection available. Newfoundland Auto dealer insurance is available to owners of new and used car sales dealerships. It is an affordable method of eliminating the risks associated with holding an expensive inventory of garaged and open lot of vehicles.

Here are two reasons to get started right now!

With today's lower inventory levels you can probably save money by adjusting the coverage you need.

You can get a no-risk quote simply by filling out this short Quote Form. We'll get back to you within a day with an affordable policy that can offer you complete coverage for all aspects of your auto dealership business.

Protection you deserve

Get A Quote

Newfoundland Auto Dealership Insurance

Theft and Damage

Consumer Complaint

Errors and Omissions: Odometer, Truth in Lending, and Title Prep

Personal Injury

With today's lower inventory levels you can probably save money by adjusting the coverage you need.

You can get a no-risk quote simply by filling out this short Quote Form. We'll get back to you within a day with an affordable policy that can offer you complete coverage for all aspects of your auto dealership business.

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Newfoundland Auto Dealership Insurance

Theft and Damage

Consumer Complaint

Errors and Omissions: Odometer, Truth in Lending, and Title Prep

Personal Injury

With today's lower inventory levels you can probably save money by adjusting the coverage you need.

You can get a no-risk quote simply by filling out this short Quote Form. We'll get back to you within a day with an affordable policy that can offer you complete coverage for all aspects of your auto dealership business.

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