Insurance Delivery Many private insurance companies offer auto, home and business insurance to the province’s consumers and businesses. They compete on the basis of price, coverage and service. 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.Auto InsuranceBy law, if you own and drive a car in the province, you must buy auto insurance from a private insurer.Home InsuranceWhile 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.Business InsuranceAlso called “commercial insurance,” business insurance is not mandatory in the province. Related ServicesHow Insurance WorksInsurers use a pool of many premiums to pay for the home, auto and business losses of Canadians unfortunate enough to experience a loss. You are covered for losses outlined in your contract only, not for predictable events. Useful LinksInsurance VendorsInsurance is a significant financial investment so it’s worthwhile to learn about your buying options. You can buy insurance from a broker, agent or direct writer.Private Vs. Government-Run InsurancePublic and private insurers provide auto insurance. Both compete for your business, and private insurance companies provide more options and better value. The government runs the auto insurance system in British Columbia, Saskatchewan, Manitoba and Quebec.