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.

Tenant Insurance

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Newfoundland Tenant & Renters Insurance

Do you Need Tenant Insurance?

Thought you were covered by your landlord’s insurance? Think again. You’ll need tenant insurance to protect your belongings. You need tenant insurance if you rent a property from someone else. It does not matter if you rent a house, an apartment, a condo etc. A landlord’s property insurance will not cover you.

What most people don’t realize is that tenant insurance covers more than just your belongings! Most landlords (and their insurance company) require you to have tenant insurance. Why? Because they want you to be protected, and if something happens that causes a loss to the building which you are responsible for, your insurance will respond.

Newfoundland tenant insurance (renters insurance) assures you that you’re protected against the damage or loss of your personal property when you rent an apartment or house. Your landlord may have insurance that protects the physical building in which you reside, but this insurance will not cover your personal property.

Sometimes renters feel they have little in terms of contents, but once you start adding up the value of your clothes, furniture, kitchen equipment etc. It becomes clear that even a nominal amount of tenants insurance is a must have.

On-Line Tenants Quote

Not only will Newfoundland tenant insurance protect your personal items, it will also help you with temporary housing and liability protection for people on your property. Newfoundland tenant insurance can help protect you in case of a liability lawsuit against you. This could occur in a situation where you are held responsible for:

Injury to another person

Damage to another person's property(whether the incident occurred within your rented residence or elsewhere)

Once you determine your need for tenant insurance, knowing your options will help you choose the best policy.

What’s Covered by Newfoundland Tenant Insurance?

Think of the costs associated with having to replace everything you own. What if you came home tomorrow and your apartment had burned down? Where would you go? How would you pay to replace your clothing, furniture, and appliances? When you ask yourself what tenant insurance covers, you can say yes to all of the above. Tenant insurance can cover virtually all of your personal possessions. Most policies provide coverage for electronic goods and equipment, small appliances, sports equipment, cameras and photography equipment, furniture, clothing, glassware and china, and books. Items such as computers, jewelry, furs, watercraft, and firearms can also be covered with extended protection. Your tenant insurance policy will include:

Personal property protection

Family liability protection

Guest medical protection

Additional living expenses

Additional protection

Get a Newfoundland Tenant Insurance Quote Today!

Over 35% of Canadian renters under the age of 35 don’t have tenant insurance. Make sure you’re not just a statistic. All you need to do is Click Request Quote on the side and one of our professional brokers at Crosbie Job will get you the best possible tenant insurance. Alternatively you can get an immediate quote and take out the policy now by clicking ONLINE QUOTE! Let’s make sure we’ve got you covered!

Protection you deserve

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Newfoundland Tenant & Renters Insurance

On-Line Tenants Quote

Injury to another person

Damage to another person's property(whether the incident occurred within your rented residence or elsewhere)

What’s Covered by Newfoundland Tenant Insurance?

Personal property protection

Family liability protection

Guest medical protection

Additional living expenses

Additional protection

Get a Newfoundland Tenant Insurance Quote Today!

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Newfoundland Tenant & Renters Insurance

On-Line Tenants Quote

Injury to another person

Damage to another person's property(whether the incident occurred within your rented residence or elsewhere)

What’s Covered by Newfoundland Tenant Insurance?

Personal property protection

Family liability protection

Guest medical protection

Additional living expenses

Additional protection

Get a Newfoundland Tenant Insurance Quote Today!

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