Mandatory in Alberta, third-party liability offers protection in the event a third party is injured because of your actions behind the wheel. It also helps cover legal expenses if you’re sued after an accident.
Keep in mind that this coverage only applies to third parties – people other than you that are involved in an incident. You’ll need to purchase additional insurance to repair or replace your own vehicle if you’re involved in an at-fault accident.
Third-party liability also has a limit. Rogers Insurance strongly recommends opting for a $2 million policy limit to better ensure you’re not paying out of pocket for an expensive accident lawsuit.
The accident benefits portion of your auto insurance in Calgary can also help cover healthcare and other expenses during a post-accident recovery period.