COVERAGE OPTIONS
COMPREHENSIVE COVERAGE
Comprehensive coverage protects your new vehicle against non-collision related incidents. This includes theft, vandalism, fire, natural disasters, and falling objects. For new car owners, this coverage is essential to safeguard your investment against unforeseen circumstances.
COLLISION COVERAGE
Collision coverage pays for damage to your new car resulting from a collision with another vehicle or object. This is particularly important for new vehicles, as repair costs can be significant. It ensures that you're protected financially in the event of an accident, regardless of fault.
LIABILITY COVERAGE
Liability coverage is mandatory in Canada and covers damages or injuries you may cause to others while operating your vehicle. For new car owners, we recommend higher liability limits to protect your assets in case of a serious accident.
NEW CAR REPLACEMENT COVERAGE
This specialized coverage is designed specifically for new cars. If your vehicle is totaled within the first few years of ownership, this coverage ensures you receive the full value of a brand new car of the same make and model, rather than the depreciated value.
GAP INSURANCE
Gap insurance covers the difference between what you owe on your car loan and the car's actual cash value in case of a total loss. This is particularly valuable for new car owners, as vehicles depreciate quickly in the first few years.
PERSONAL INJURY PROTECTION
Personal Injury Protection (PIP) covers medical expenses, lost wages, and other costs associated with injuries sustained in an auto accident, regardless of who is at fault. This coverage ensures you're protected financially while recovering from an accident.
CUSTOMIZED COVERAGE
At Mobilguard, we understand that every new car owner has unique needs. Our insurance experts can help you create a customized coverage plan that provides optimal protection for your new vehicle while fitting within your budget. We take into account factors such as your driving habits, the specific features of your new car, and your personal risk tolerance to tailor a policy that's perfect for you.
CANADIAN INSURANCE STANDARDS
As a Canadian insurance provider, Mobilguard ensures all our coverage options meet or exceed the standards set by Canadian insurance regulations. We stay up-to-date with the latest requirements and industry best practices to provide you with reliable, compliant coverage for your new car.