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Liability and Other Mandatory Car Insurance

In various places in the world, car insurance is optional, but look at the problems that causes. In Canada, car insurance is mandatory, I mean even if it wasn’t, why wouldn’t you want it? Look at all that it covers!

  • Liability:
    • Say you’re driving your car and happen to cross someone’s property, and you accidentally hit them with your automobile. Or what if you hit their garage because you weren’t paying attention? What would you do? How could you possibly pay off something like that? Well that’s where your insurance comes in handy. If someone is injured or killed because of your automobile, or their property is damaged because of you, don’t worry you’re covered and protected. Liability coverage protects you financially if you are legally liable for injuring someone or causing damage to their property while operating your vehicle.
  • Protection Against Injury or Death:
    • Let’s say you’re driving your vehicle and you happen to get in an accident. Well, accident benefits coverage can help replace lost income, or even pay for your medical attention, rehabilitation, and other expenses that aren’t covered by government health insurance. Not only that, but if you’re travelling with your family and happen to get in an accident, and let’s say you are killed, accident benefits coverage will also provide benefits to your partner or spouse and any dependant children.
  • Direct Compensation for Property Damage:
    • With direct compensation for property damage, you have coverage that protects you if damage to your car or contents inside the car are damaged and another vehicle is responsible.
  • Protection Against Uninsured or Unidentified Drivers:
    • What were to happen if an unidentified or uninsured vehicle were to damage your vehicle or injure you family or you? Well, uninsured vehicle coverage provides benefits to both you and your family if an uninsured or unidentified vehicle injures or kills you. It even helps cover damages to your vehicle if it is damaged by an unidentified vehicle.

Collision and Comprehensive Car Insurance

As a driver, no matter how safe you try to be, you really don’t know what’s going to happen next. That’s why it’s so important to get collision and comprehensive car insurance. With this insurance the following will be covered:

  • Collision:
    • If your car ever obtains damage after a collision, this car insurance covers the expenses to fix your car if it’s damaged after the collision.
  • Comprehensive:
    • If damage to your car is obtained by any hazards other than collision, it will be covered under comprehensive car insurance, and the damage will be payed off. Hazards that result in loss and damage can include broken glass, theft, fire, as well as vandalism.
  • Family Protection:
    • Obviously, protecting your family is just as important as protecting yourself. That’s why it’s important to get family protection through collision and comprehensive car insurance. It provides coverage and protects your family up to the same limits as your own liability coverage. For example, if you are involved in an accident with someone who carries less or no insurance, or is unidentified, then you are not at fault

Additional Protection

In addition to mandatory car insurance and collision and comprehensive car insurance, there’s also the choice of additional protection. Additional protection includes the following:

  • Loss of Use: If your own vehicle is being repaired after claims, and you need a rental car, don’t worry, additional protection covers that, and will pay for your rental vehicle.
  • Accidental Claims Protector: This prevents your premium from increasing after first ‘at fault’ accident.
  • Waiver of Depreciation: Depreciation is not applied to the value of your car after a claim.

How is my automotive insurance premium determined?

Your automotive insurance premium is set by the following:

  • Driving records
  • Type of coverage and deductible
  • Type and model year of vehicles
  • If you can use your vehicle for personal use, business use or both
  • Distance driven each year
  • Number of drivers in your household and their ages

Can I get a discount?

Our employees at Xeed help you navigate and find just the right coverage for you, all within your financial budget. Not only that, but we can even help you save on your premiums with discounts for:

  • Clean driving records
  • Anti-theft devices
  • When you have multiple policies (i.e. both car and home insurance)
  • When you insure multiple vehicles
  • Increasing deductibles

Ride-Sharing Insurance

Okay, so you have your own vehicle, that covers you and your family, but what happens if you’re a part-time driver for companies such as Uber or Lyft, picking up and dropping off strangers from place to place? Well, there’s an insurance perfectly designed for just that too. Ride-sharing insurance is designed for part-time drivers who use their own vehicles to carry paying passengers.

Uber, Lyft, and various other companies with similar services are becoming widely popular, which is why it’s important to find the appropriate insurance. However, since this is a new concept in Ontario, many insurers feel unsure about fulfilling your insurance needs with ride-sharing. However, we know that the insurance and financial need of people are always changing, which is why we want to let you know that you can count on us.

At Xeed we assure you that we will find the right insurance for you, no matter what your circumstances are.

Why Do You Need Insurance in the Ride-Sharing Business?

When you get into the ride-sharing business, you’re carrying a lot of weight on your shoulders, as the safety of your passengers is all on you. That’s why it’s important to get ride-sharing insurance, to help protect and cover you in case of any incident.

  • Protect Passengers: If you ever happen to get into an accident while carrying passengers, these passengers can claim any medical expense in court, and you may be personally liable to pay such huge expenses. However, with ride-sharing insurance, you’ll be covered if any sort of incident were to arise.
  • Save Money: Although many ride-sharing companies have liability coverage, it does not necessarily cover your personal costs. However, with ride-sharing insurance, these personal costs will all be covered.

Motorhome Insurance

When something like a family camping trip comes up, you want to be able to protect yourself and your family and make the most of your trip. With motorhome insurance you’ll be able to travel in comfort, knowing you and your family are al protected, whether you have a class A motorhome, RV, or even just a camper.

Your plan will provide affordable protection for all motorhomes from the following:

  • If your motorhome ever breaks down, needs to be towed, needs a battery boost, or even needs gas, optional emergency road service coverage protects you from all that and much more
  • Protects you, your passengers, your motorhome, as well as any of your belongings financially against various different risks
  • Protects and covers your motorhome if any loss occurs
  • With this coverage, you are able to receive discounts for anti-theft devices, discount on multiple policies, and much more
  • If your motorhome happens to become inoperable due to covered loss, emergency vacation expense coverage will make sure you get to either safely reach home, or continue your vacation
  • Disappearing Deductible:
    • If you stay claim-free, your deductible will be reduced by 20% every year

Trailer Insurance

No matter what the circumstances, getting the right insurance for any home, permanent or temporary, is a must. Whether you’re on vacation or using your trailer full-time, it’s important to find just the right insurance for it.

With trailer insurance for anything from a tent trailer, to even horse/stock trailer, your trailer insurance plan will provide the proper protection and coverage within your budget. The following is covered in trailer insurance:

  • Protects your trailer and personal items against a variety of different risks
  • If you ever break down, needs to be towed, needs a battery boost, or even needs gas, optional emergency road service coverage protects you from all that and much more
  • If your trailer unit is lost or damaged for any reason that is covered in the insurance policy, emergency vacation expense coverage will cover emergency expenses
  • Additional protection is available and can be included if your travel with your trailer full-time
  • With this coverage, you are able to receive discounts for anti-theft devices, discount on multiple policies, and much more
  • Disappearing Deductible:
    • If you stay claim-free, your deductible will be reduced by 20% every year

Boat Insurance

When on a vacation in the summer, let’s face it, a boat and all the activities that come with it is a go-to recreational activity. Whether you like fishing, sailing, or even water-skiing, it’s important to be sure that you are protected and covered, and that’s exactly what boat insurance will do.

It is important that your boat insurance plan provides the best protection all within your budget, which is what we will help you do at Xeed. With a boat insurance plan, the following will all be covered:

  • Your boat, belongings, and yourself will all be protected from a number of possible risks
  • With boat insurance, finding emergency towing and marine assistance, such as trip planning, are all just a tap away
  • If your boat needs repairs, you will still be able to keep boating with the use of a boat on loan, which is covered under temporary replacement coverage
  • Based on how old your boat is, optional agreed value coverage, if it’s a total loss, can allow you to protect your boat’s full insured value
  • With optional navigational extension coverage, you can operate your boat outside of company navigational limits
  • You are eligible to receive discounts if you’re claims-free, you’ve passed an approved boating safety course, and much more

ATV & Snowmobile Insurance

If you have an all-terrain vehicle (ATV) or a snowmobile, it is important that you get specialized insurance to protect yourself as well as your vehicle.

It is important to us at Xeed that you receive an affordable plan that provides upmost protection. In your plan, the following will be covered:

  • You, you and your vehicle (ONLY if you add coverage for possible damage or loss) will both be protected from wide variety of possible risks.
  • Furthermore, you can customize your plan by adding protection for any accessories, equipment, trailers for your ATV or snowmobile, and riding gear
  • You can also further customize your plan with various other optional coverages (You can contact us for any inquiry about these additional options)

Motorcycle Insurance

At Xeed we want to provide you with the best protection possible, no matter what your vehicle is.

If you have a motorcycle, it’s important to get motorcycle insurance. Since motorcycles aren’t covered under your auto policy, it’s extremely important to protect yourself by investing in this specialized insurance.

Motorcycle insurance covers the following:

  • Possible body injuries or property damage liability coverage
  • Medical payments if body injury occurs
  • Coverage for custom parts and other equipment for motorcycles
  • Coverage for roadside assistance
  • Collision and Comprehensive Coverage:
  • Collision:
    • If your motorcycle ever obtains damage after a collision, motorcycle insurance covers the expenses to fix your motorcycle if it’s damaged after the collision.
  • Comprehensive:
    • If damage to your motorcycle is obtained by any hazards other than collision, it will be covered under comprehensive motorcycle insurance, and the damage will be payed off. Hazards that result in loss and damage can include broken rear view mirrors, theft, fire, as well as vandalism.

At Xeed, we’re more than happy to help you with your auto insurance needs. Contact us, today to get a free quote for your auto insurance, so you can stay safe, and protect both your passengers and your vehicles.