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.

Bonavista Home Insurance

We’re Dedicated To Your Home Insurance Needs

At Crosbie Job Insurance Brokers, your home is just as important to us as it is to you, and we don’t want to put it at risk. When you come home from a long day, we want you to be able to relax and not worry about your coverage. Our local and expert insurance representative, Kim Boyce-Durdle, has many years of experience and will do the research to decide which of our policies best suits you. No two Bonavista homes are the same, so why would their insurance be?

Local Knowledge Provides a Better Level of Cover

At Crosbie Job, we care about the community, and want to make sure the whole of Bonavista Peninsula has the level of coverage they need without having to panic if things go wrong. It doesn’t matter if you have a current insurance policy with Crosbie or not, we’ll talk you through all your insurance options, the difference between Basic, Broad Form and Comprehensive, and just how well your insurance policy fits with your current lifestyle. After all, your home is one of the largest investments you’ll make in a lifetime, and we don’t want anything to get in the way of you enjoying it.

Flexible Home Insurance That Works For You

As time goes on, people’s lives change, so should their insurance policies. Keeping us informed on certain life changes means your level of cover can adapt alongside you, so you’re sure to be ready for anything. Give Kim Boyce-Durdle at our Bonavista office a call to update your home insurance policy today.

It’s Not Just The Outside Of Your home That Counts

Because we care about what’s inside, we’ve made sure our Comprehensive and Broad Form policies automatically include coverage for your contents. This ensures you have the peace of mind that your personal belongings are protected, as well as your home. If you want to find the right Crosbie Job Insurance policy to suit you, let Kim at our Bonavista office do the hard work for you. At Crosbie Job, our insurance is flexible, with options to suit everyone and every home. Simply fill out a quote form or give us a call for a FREE, no obligation quote. You’re guaranteed the best coverage when it comes to home insurance.

Be Ready When Nature Comes Knocking

Not all accidents can be avoided, but having the right home insurance in place if they happen to strike can mean you don’t need to fret. Crosbie Job Insurance are on call in you need us, but don’t wait until it’s too late. Having your insurance policy set up and ready to go as soon as you purchase a property is a wise precaution; you don’t want to be caught out after all, a house is usually the biggest investment you’ll make. So whether it’s a rental property or your family home, make sure your Bonavista property has the house insurance you need for you to rest easy.

Apply For Home Insurance Today

Not sure what level of coverage you need? Get in touch with the experts at Crosbie Job. We’ve been insuring the residents of Bonavista, Newfoundland since 1984, giving us plenty of experience when it comes to covering your property.