- Third Party Liability Insurance
This covers you as a vehicle owner and as a driver if you injure someone or damage someone else’s property with your car. It does not cover the cost of repairs to your own vehicle. The minimum liability coverage required in New Brunswick is $200,000. However, most New Brunswick consumers choose to carry additional coverage.
- Direct Compensation - Property Damage (DC-PD)
This covers you for damage to your vehicle or its contents, and for loss of use of your vehicle or its contents, to the extent that another person was at fault for the accident. Direct compensation means that even though someone else causes the damage, you collect directly from your own insurer, instead of the person who caused the damage. Certain conditions such as where the accident took place and what vehicles were involved must be met before DC-PD applies.
For more information about these conditions, talk to your insurance company or see section 254.1 of the Insurance Act.
- Accident Benefits
This coverage provides medical and rehabilitation expenses, funeral benefits, death benefits, and loss of income benefits if you or your passengers are injured in a car accident. It is a “no-fault” coverage and your own insurer pays it, even if you are at fault for the accident.
- Uninsured and Unidentified Insurance
This covers you in the event that you are injured in an accident by an uninsured driver or in a hit-and-run accident where the automobile or driver cannot be identified. It also covers damage to your vehicle caused by an identified but uninsured driver.
Recovery for damage to your vehicle is subject to a $250 deductible.