What You Need To Know About Car Insurance in Tantallon
Tantallon, Nova Scotia, is considered a gateway to many scenic destinations along Nova Scotia's coast. These include Peggy's Cove Road and Peggy's Cove Fishing Village, White's Lake, St. Margarets Bay, Sheeps Head Island and Whynachts Point. Because most Tantallon residents commute to their jobs and the community sees large numbers of tourists, safe driving practices and car insurance in Tantallon are important.
Why Car Insurance Coverage Is Important in Tantallon
Tantallon is located in a coastal area with a relatively moderate climate but a high chance of severe weather. The average winter low temperature in Tantallon is about -6°C, and its average summer high temperature is about 23°C, compared to larger temperature variations in central and northern Canada.
Automobiles in Tantallon are at risk from precipitation, slick road conditions, severe storms, fog and wildfires. There have been two recent wildfires of note. One in 2008 that caused minor damage and one in 2023 that affected nearly 2,000 hectares of land and destroyed many people's property.
Why Car Insurance Coverage Is Important in Canada
Across Canada, car insurance is an important tool for protecting people and their cars in the event of accidents, theft and vehicular damage. It helps people protect, repair or replace their cars and receive monetary compensation after damage is done or an accident has occurred.
One of the major risks associated with driving is being involved in an accident or collision. In Nova Scotia, there were over 4,000 total collisions in 2023. Over 1,000 of them involved young people and a combined 2,179 were caused by aggressive, distracted or impaired drivers. Investing in high-quality insurance coverage can help protect people against the potential damages accidents and collisions can cause.
Auto Insurance Categories
In Canada, there are two main categories of insurance: mandatory coverage and additional coverage. Each category encompasses several types of insurance coverage. All types of insurance have minimum and maximum amounts of coverage, deductibles and exclusions.
Mandatory Coverage
Mandatory coverage is the minimum amount of coverage required by law in a given province or territory. In Nova Scotia, the minimum required insurance coverage is $500,000 in third-party liability. Typically, mandatory coverage provides the following:
- Protection against liability for property damage and bodily injury or death.
- Financial assistance for medical care.
- Coverage for repairs or replacement if your vehicle is damaged.
- Financial protection against lawsuits.
- Financial protection against lost wages.
Additional Coverage
There are several types of additional coverage options you may consider purchasing. Some of them may be useful for all drivers, while others may only be useful for people who meet specific conditions, such as living in a certain area or driving a certain type or style of vehicle. These coverage options help you customize your policy to meet your needs.
Common additional coverage options include:
- All perils and Comprehensive
- Specified perils
- Comprehensive
- Collision
Comprehensive coverage and all perils insurance are designed to cover all additional property, circumstances and hazards that your main policy doesn't address, such as adding another driver to your policy. Specified perils coverage refers to unexpected events, including earthquakes and floods, and unexpected accidents, such as explosions.
Collision coverage provides additional coverage specifically for car accidents, including monetary compensation if your vehicle can't be repaired or if property inside your car is lost or stolen as a result of a collision. Collision insurance is unique because it's typically required for financed or leased cars but not for owned cars.