There are many ways you can enhance your standard auto insurance policy to be more fully protected. If you are thinking about adding Collision or Upset coverage or maybe Comprehensive coverage sounds like a wise choice, then All Risk, also know as All Perils coverage might be your best option.
All Risk coverage provides a very thorough package of protection. It combines the protection offered by:
With such thorough coverage, you can rest easy knowing you are protected from just about any kind of damage to your vehicle. While it is hard to think of an exception, it’s always a good idea to ask about possible exceptions when discussing insurance of any kind.
Learn more about all mandatory and optional auto insurance coverage options in Ontario.
No matter which optional coverage you decide to have or not, you can lower your insurance rate by agreeing to accept a higher deductible. This means if you need to make a claim, you have agreed to pay for the first $1,000 for example, if you had a $1,000 deductible in your policy instead of a $500 deductible.