Each such policy provides the insured car owner with a 3rd party liability and accident benefit. That benefit would protect the same car owner, in the event that he or she got sued for damages caused by the insured vehicle, even if the vehicle’s driver was not the car’s owner.
Could a car owner that enjoyed access to such a benefit feel certain that the insurance company would cover the expenses linked to a claim, even if the driver that caused the claimed accident had borrowed the insured vehicle?
Yes, the owner should feel assured of such a benefit, as long as the details, regarding the accident, did not allow that unfortunate event to qualify as one of the 3 specific exceptions.
What are the 3 exceptions?
• The driver that borrowed the insured car, and then caused an accident, was driving while intoxicated.
• The person that borrowed the automobile had not been listed on the owner’s insurance policy.
• The person that borrowed the insured set-of-wheels did not have a license, or had a suspended license.
Is there a limit on the amount of coverage provided by this included benefit?
Those residents of Alberta that purchase a policy with the minimum level of coverage should not expect their insurance company to pay more than $200,000, following a request for the 3rd party liability and accident benefit. Yet that would not be the case, if the vehicle’s owner had purchased a more expensive option.
In that latter case, the available coverage could come to as much as $2,000,000. Hence, the vehicle’s owner would have less reason to worry about the consequences of an accident that might take place, while someone other than that same owner was sitting behind the steering wheel.
Other accident benefits that get included in each of Alberta’s auto insurance policies
• Reimbursement for lost income
• Funds to pay for medical and rehabilitation services
• Payment of funeral expenses: Delivery of death benefits, if a reported accident had resulted in death of the driver or any occupants in the driver’s car.
What all car owners should plan to check, before lending their insured automobile?
Does that same automobile contain proof of insurance and registration papers?
Where does the borrower intend to take that car, and in what activity does the borrower plan to participate, while at that specified location?
Be certain that the borrower has not promised to share the car’s keys with anyone else; make it clear that the granting of the car’s keys has been allowed under the assumption that only the borrower’s hands will steer the car’s wheels. Personal injury lawyer in Edmonton will ask you to check on the automobile’s condition. No smart owner should be lending an automobile that is not in good working condition.