Auto Insurance Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

C

Collision coverage
Comprehensive coverage
Comprehensive coverage - Limited glass (No. 13d) (Alberta only)
Direct compensation- Property damage
Major or criminal convictions
Minor convictions
Policy cancellation
Uninsured motorist coverage (Ontario and Alberta)

Collision coverage
Collision coverage protects your vehicle if it is damaged in an accident. This coverage is optional because the cost of insuring some older vehicles for collision could be higher than the value of the vehicle itself.

Comprehensive coverage
Comprehensive coverage protects your car against loss or damage other than the collision coverage. This would include falling or flying objects, missiles, vandalism and theft.

Comprehensive coverage - Limited glass (No. 13d) (Alberta only)
This option works a little differently from other options. By choosing 13d Comprehensive coverage - Limited glass, you are not adding coverage to your policy, but taking some away! It limits the coverage on your car's windshield and glass from things like stone chips and cracks, but still provides coverage if your window is broken during a theft. Choosing this option can help reduce how much you pay for your insurance.

Direct compensation- Property damage
This option is mandatory in Ontario. It provides coverage for damage to your car and any of your property inside the car, because of an automobile accident where you are not-at-fault.

Major or criminal convictions
Criminal traffic charges or major convictions include things like hit-and-run, and alcohol-impaired driving.

Minor convictions
Minor tickets or minor convictions include things like speeding, disobeying a traffic signal, failing to yield to a vehicle or pedestrian, or improper lane changes. Include any tickets that you've received whether you've lost "points" or not. The better your driving record, the lower your premium.

Policy cancellation
If you cancel your policy for whatever reason (e.g. non-disclosure of tickets, non-payment), it may affect your rates in the future. It doesn't count if you cancelled the policy yourself.

Uninsured motorist coverage (Ontario and Alberta)
Provides coverage for you if you are in an accident with an at-fault, uninsured driver who is identified at the scene of the accident.


Back to top