Is There More Choice with Public or Private Delivery?
Because they compete for your business, private insurers offer a variety of coverage options. Public insurers provide mandatory insurance coverage set out by provincial regulations and other coverage. In provinces and territories where insurance is government-run, choices are limited and consumers are more susceptible to claim delays resulting from potential labour disputes and limited resources.
Insurance coverage is subject to change. Whenever you buy or renew any type of insurance, evaluate as many options as possible. A private insurance company can provide expert guidance on the best value and coverage for your needs. Learn more about how to buy insurance.
| By law, if you own and drive a car in the province, you must buy auto insurance from a private insurer.
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| While the law does not mandate it, banks or mortgage holders may insist that you purchase home insurance – and prove that you have it – before they’ll lend you money to buy a home.
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| Also called “commercial insurance,” business insurance is not mandatory in the province.
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