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What is the minimum type of vehicle insurance required by law in alberta?In: Auto Insurance |
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Answer
In Alberta the minimum type of vehicle insurance is liability insurance, and you must have a minimum of $200,000. This covers both bodily injury and property damage, but if the claim is hgiher then this amount the insurance company will pay no more the $10,000 property damage.
Remember that any damages over your liability amount will be your responsibility to pay, so it is best to ensure you have enough liability insurance for your needs. It is recommended to increase this liability amount to $500,000 or $1,000,000 for full protection.
First answer by Kidbillrock. Last edit by Kidbillrock. Contributor trust: 31 [recommend contributor]. Question popularity: 7 [recommend question]
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