Once you've chosen your basic coverage, you can add other coverages to your car insurance policy. Do you sometimes rent a car?
Will you need a replacement vehicle in case of a loss? Do you store your vehicle during the winter? You will need to evaluate
your needs to see whether you require additional coverage.
An "endorsement" enhances your coverage. When you choose to add an endorsement to your policy, the coverage provides protection.
You pay a supplement for this type of coverage. A number of endorsements are available on the auto insurance market to meet your needs.
Replacement cost coverage pays out an indemnity that does not factor in depreciation.
Both products are sold mostly for new cars. They pay out an indemnity without depreciation in case of a total or partial loss.
Change to loss payment (Endorsement 43 A and E) or replacement cost.
In case of a total or partial loss of your new vehicle, your insurer does not take into account its depreciation if you added this coverage to your policy.
Short-term rental of a vehicle (Endorsement 20).
This coverage allows you to rent a vehicle for a specified period of time, should you lose the use of your vehicle
following an accident.
Damage to vehicles not owned by the insured (Endorsement 27).
This endorsement provides coverage should you damage a vehicle that you've borrowed or rented in Canada or the United States.
The coverage offered is often the same as that for your own vehicle. Most of the time, it's more advantageous than the insurance
offered by the car rental company.
Accident Benefits (Endorsement 34).
If you die as a result of a car accident, this coverage pays out compensation to your family.