Travel With Confidence in a Developing Community
Chestermere, AB, is home to more than 24,000 people and sees a yearly population increase of just over 6%. Residents and tourists alike are attracted to the peaceful suburban lifestyle near Chestermere Lake but appreciate the proximity to Calgary. Those taking to the roads can travel confidently with auto insurance in Chestermere.
What Are the Dangers of Highway and Inner-City Travelling?
Despite the entertainment and recreation offered in the beautiful parks and open land surrounding Chestermere, dangers lurk when travelling along the roads. While other motorists and traffic congestion present a risk wherever you drive, travelling down Highway 1 or the TransCanada Highway is a concern. The summer season sees more than 10,000 passengers travelling on this stretch of highway, with speed and driver errors leading to an increase in accidents.
Wildlife can dart into the road at any moment, creating accidents. Severe winter weather, such as heavy winds, snow and ice, creates dangerous driving conditions. It’s not unusual for the area to see over 127 cm of snowfall each year. These unexpected situations are dangerous and highlight the need for auto insurance.
How Does Auto Insurance in Chestermere Work?
Auto insurance is a financial protection offered by an insurer. You sign a contract with an insurance company protecting you against financial losses if an accident or other loss occurs. You pay the insurer a premium and the insurer provides financial assistance according to the terms of your policy.
Who Is Required to Have Auto Insurance in Chestermere?
Alberta law requires all registered car owners to carry basic car insurance. Because getting into an accident has serious financial consequences when property damage and bodily injury occurs, the law requires you to carry a policy with accident benefits and liability coverage.
While these are standard coverage requirements, you can extend the peace of mind and financial protection insurance brings by adding additional coverage elements. You can also adjust the policy limits or the amount the insurer must pay for a covered event to ensure you aren’t left with out-of-pocket expenses.
What Are the Auto Insurance Options in Chestermere?
Your basic coverage includes accident benefits and liability coverage. However, you can add both collision or comprehensive to extend the protection of your insurance. Speciality coverage addresses more unique risks, and working with a broker will help you determine which policies are right for your situation.
Liability Coverage
Liability insurance helps cover the expenses of the injured driver or passengers when you cause the collision. It can pay for their medical bills, replace lost wages if they miss work and cover death or funeral expenses.
Personal Injury Protection
To pay for personal injuries from a car accident, you need personal injury protection (PIP). PIP coverage can help with medical expenses, rehabilitation and other care needed to recover from your injuries.
Collision Coverage
When you get into an accident, your car’s damages aren’t covered if you are at fault. You need collision coverage. This element pays for the damages to your car in an accident, regardless of who’s at fault.
Comprehensive Coverage
Not all damage happens from an accident. A severe windstorm could cause a tree branch to fall on the car or damaging hail could break your windshield and dent your hood. Comprehensive coverage will protect your wallet by paying for the repairs when these covered perils happen.
Uninsured or Underinsured Motorist Coverage
Even though drivers are required to have auto insurance in Chestermere, some don’t carry a policy or enough coverage. In this case, underinsured or uninsured coverage will step in.