Third Party Liability 101: 3 Vital Facts Every Driver Needs
Do you have enough cover when driving in Edmonton or Sherwood Park? Most drivers don’t know that third-party liability is your shield when crashes happen. At Reliant Insurance, we meet many drivers who don’t get this vital cover until it’s too late.
Guess what? The Insurance Bureau found that 4 in 10 Canadian drivers don’t grasp their third party liability cover. This puts their money at risk!
Source: Insurance Bureau of Canada, 2024 Survey
Let’s look at three must-know facts about third party liability for all Edmonton and Sherwood Park drivers.
Fact #1: Third-Party Liability Is Your Shield
When you drive in Edmonton, third party liability backs you if you hurt others or wreck their stuff. It pays for:
- Doctor bills for hurt folks
- Rehab costs
- Lost pay for those hurt
- Fixes for things you break
- Lawyers if you get sued
Many think a basic cover is enough. Wrong! Without good Car Insurance Edmonton, you could lose your home or cash if you cause a bad crash.
Fact #2: Alberta’s Min Cover Is Too Small
In Alberta, law says you need $200,000 in third party liability. Sounds big? Not so fast. The mean claim in Canada now tops $350,000, per the Claims Group’s 2023 data.
At Reliant, we have seen Edmonton folks face big bills when their third party liability was too low. Here’s why min cover falls short:
- One crash can hurt many folks
- Care may go on for years
- Legal fees eat up your funds fast
- Posh cars cost tons to fix
Most pros in Edmonton say get $1-2 million in third party liability to keep safe on our roads.
Car Insurance in Sherwood Park
Fact #3: Rates Vary By Shop
Third party liability costs swing wide in Edmonton. Most don’t know they can save big by just asking around.
A study shows rates for the same third-party liability can change by 37% from one shop to the next in Edmonton.
At Reliant, we help you get top cover for less by:
- Checking rates from many top firms
- Finding all your deals
- Bundling plans to save
- Fitting cover to what you need
Don’t pay too much! Our Edmonton and Sherwood Park team can help you get fair third-party liability rates.
Stay Safe on Our Roads
Third party liability isn’t just law—it’s your cash guard. When you drive in Sherwood Park or Edmonton, good cover means peace of mind.
Think of these when you pick your plan:
- More cover means less risk
- The jump from min to good cover costs less than you think
- Your past, your car, and your spot in Edmonton set your rate
- Mix with home plan to pay less
Top 5 FAQs About Third Party Liability
- What does third party liability cover?
Third party liability pays for the harm you cause to folks and their stuff in a crash that is your fault. It pays for doctor bills, rehab, lost pay, fixes, and law fees if they sue you. - How much third party liability do I need in Edmonton?
Law says $200,000, but most pros in Edmonton say get $1-2 million in third-party liability. This high mark keeps your stuff safe from big claims that beat the min by a lot. - Will third party liability fix my car?
No, third party liability just helps those you hurt. To fix your car, you need more plans. At Reliant, we help Edmonton and Sherwood Park folks get full plans. - Does third party liability stick to me or my car?
In our area, third party liability goes with the car first, then you. So if your friend drives your car, your plan helps, but there are some rules. Call Reliant to learn how your plan works. - How can I cut my third party liability costs?
You can trim your third party liability bill by: safe drives, mix plans, adding theft guards, picking high self-pay, or taking safe drive class. Our team can find the best way to save.
Conclusion
Don’t risk your cash on Edmonton roads. At Reliant, we find you the best third-party liability at top rates.
Our team knows what you need to get the right mix of care and cost.
Call Reliant now or drop by our Edmonton or Sherwood Park shop for a free quote. Get the right third-party liability plan today.
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