What you need to know about third-party liability insurance in Canada Oct 10th

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Third-party liability insurance is mandatory coverage for all drivers in Canada. It offers protection for drivers if they’re at fault in an accident and the other party is hurt or even killed. This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party insurance coverage, except for Quebec, where the minimum is $50,000. Many Canadians set their policy default between $1 million and $5 million. 
There are a variety of reasons people increase their minimum third-party car insurance coverage, including if you frequently carpool, use your vehicle for commercial purposes, live in a metropolitan centre, or regularly cross the Canada-U.S. border in your vehicle. Experts recommend considering a default of $1 million or $2 million in the situation where your damage is likely to exceed the provincially mandated minimums. 
What is third-party liability insurance?
In Canada, third-party insurance coverage ultimately aims to protect you if you’re involved in an accident where you may be at fault or liable to pay for property damages, third-party injury, or even death…

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