Extended Third Party Liability coverage
If you're at fault in a crash, it could cost more than you think. Third Party Liability insurance protects you from the financial risk of an at-fault crash.
If you're found responsible for a crash, you could be liable for damages, lost income, care expenses and more – for both the other driver and their passengers.
Your Basic Autoplan includes up to $200,000 in Third Party Liability coverage. But the costs of a crash could be much higher – and you could be responsible for the difference.
It's simple: the lower your coverage, the higher your risk.
How does Extended Third Party Liability coverage help you?
Extending your Third Party Liability protects you from having to pay costs that go above your Basic Autoplan limit.
Extended Third Party Liability means:
- you'll be protected against paying for injury and damage costs up to the limit of your coverage
- the equity in your home or other assets won't be at risk
- for a relatively small percentage of your overall premium, you get peace of mind
You can increase your coverage to a limit of $5 million.
Talk to your Autoplan broker today about increasing your Third Party Liability insurance.
Why get it? Here's an example
Helen only had Basic Autoplan coverage on her vehicle. She thought it was a good way to save some money. But when she caused a crash that hurt Amy, the driver of the other car, she learned the costs of a claim can add up. Amy was a young person with a well-paying job, and her injuries prevented her from continuing with her career. The costs for her lost income and future care came to well over a million dollars.
The $200,000 liability limit on Helen's Basic Autoplan didn't meet those costs, and she was responsible for Amy's future expenses.
Stories like this are why most people choose to buy Extended Third Party Liability coverage: the peace of mind of knowing their personal assets won't be at risk due to one unfortunate event.