This is how much you’re responsible to pay if a claim happens. For example, if your home insurance policy has a $1,000 deductible for hail and there are $5,000 in damages, you pay the first $1,000 and the insurance company pays the remaining $4,000.
These are permanent structures on your property that aren’t attached to your home. Common examples include fences, detached garages, and sheds.
Direct Compensation for Property Damage (DCPD)
Introduced January 1, 2022, this coverage is mandatory for any vehicles operating on public roads (this includes commercial vehicles, motorhomes, motorcycles, ATVs and personal vehicles). This coverage covers repair costs when you are not at fault in a collision. If you are partially at fault, you have partial coverage. If you are at fault, you do not have coverage under DCPD (you’ll need collision or all-perils coverage or to pay out of pocket).
Disappearing Deductible (CAE 3)
This reduces the deductible every year that you don’t make a claim.
Drive Other Autos (SEF 2)
Provides liability and accident benefits while you are driving any private passenger automobile. This means you can safely drive a friend’s car or a rental without purchasing additional insurance.