Standard Auto Policy

Question 1

Types of coverages in Standard Automobile Policy

Answer 1

1) 3rd party liability
2) Accident Benefits
3) Physical Damage coverage
4) Uninsured Motorist

Question 2

3rd party liability

Answer 2

provide financial protection against the liability imposed upon the insured by law for bodily injury or death or damage to their property
all automobile policies have this coverage

Question 3

Accident benefits coverage

Answer 3

Provides a measure of compensation as defined amounts to persons injured or dependents of persons killed in a collision- regardless of fault

Question 4

Physical damage coverage

Answer 4

insurance against the possibility of damage to one’s own vehicle. may be the result of ones own negligence , vandalism, theft, or from natural causes

Question 5

uninsured motorist coverage

Answer 5

victims who suffer bodily injury or property damage caused by uninsured motorists are protected by uninsured motorist benefits
only applies to accidents within Saskatchewan or for sask residents involved in an accident in another province