Coverages To Ask About

Accident Benefits: Your policy automatically covers you for a percentage of your income. In some provinces or states the limit is set at $400 a week to replace your loss of income. This may be too low if your weekly income is greater and you don't have coverage elsewhere. You can purchase increased limits.

Loss Of Use: This usually pays for a rental car if your car is laid up because of a “covered” loss. It costs around $20 a year, and is well worth it.

Waiver Of Depreciation: If you buy or lease a new car, you can choose this coverage to be sure that depreciation is not taken into account if your vehicle has been stolen or is in an accident. There’s a time limit on this, usually 24 months from the date you take possession of the car.

Rental Car Endorsement: This is a great deal. For around $30 you can get insurance coverage whenever you rent a car. And it's better coverage, too. Most rental car companies, or credit cards, offer very limited coverage. For example, they may cover you if someone hits you, but NOT if you hit someone. Your car insurance policy, hands down, provides the best protection.