How to Avoid Having Your Car Stolen

Stolen vehicles are a big problem across the country. According to the Insurance Bureau of Canada (IBC), each year auto thefts cause about $1 billion in losses, which includes about $542 million for insurers to repair or replace the vehicles. Statistically, only 50 per cent of stolen vehicles are found, and they are usually damaged.…

Do I Need Collision or Comprehensive Auto Insurance in Alberta? Or Both?

There are three major components to auto insurance in Alberta: liability coverage, comprehensive coverage and collision coverage. In Alberta, it is mandatory that each vehicle owner be covered for at least $200,000 in Third Party Liability and Accident Benefits (the vast majority carry $1,000,000 or more), medical payments ($50,000 per person), disability income (80 percent…