Accident benefits have you covered—but for what, exactly? + MORE Feb 16th

All about Canadian insurance. Learn the ins and outs and get the latest news.
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Accident benefits are likely the last thing on your mind when you’re buckling up in a new ride and tuning into your ultimate road-trip playlist. But it’s important to know that this kind of car insurance is mandatory across Canada, and it plays a very important role if an accident happens and someone gets hurt, including yourself.
What are accident benefits?
The words “accident” and “benefits” make an unlikely pair, but if you get into an accident resulting in unjury, accident benefits are the part of your auto insurance meant to provide you or another insured person on your policy (like your spouse or your children) with medical coverage, beyond what public healthcare offers. It’s required insurance that provides peace of mind. 
Who makes it mandatory? “Provincial governments set what is basic or mandatory automobile insurance coverage,” says Vanessa Barrasa of the Insurance Bureau of Canada (IBC). “Mandatory coverage typically only addresses bodily injury, accident benefits and third-party liability…

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No-fault insurance is more about the insurance claims process rather than dismissing any blame. To sum it up, this kind of policy was designed so you won’t have to drag your feet to a lawyer’s office or provincial court to deal with a suit or claim after a collision. Instead, your insurance company will automatically cover costs for damages or injury under certain conditions (read on to learn more) so you can get on with your life sooner.
What is no-fault insurance?
No-fault insurance is part of your policy so that insurance companies, instead of the court system, battle it out with each other to settle claims. For example, if your car was damaged as a result of a distracted driver, your insurance provider will directly give you coverage, and then it will request a claim in the same amount from the accident-causing driver and their insurance provider. 
But let’s also talk about an at-fault, or tort, policy. The dominant type of insurance in Canada before the no-fault system kicked in back in 1989, tort allowed you to sue a driver (or someone to sue you) when a smashed-up car, damaged property or even bodily harm resulted from a collision…

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