Lyla Lindsey
PLPD, or Personal Liability & Property Damage, is the only coverage that is legally required in every province in Canada. In New Brunswick, PLPD covers damage to other people or their property when driving your vehicle. This includes damage to other people's cars, homes, yards, and belongings, as well as any medical bills resulting from an accident for which you are at fault. The minimum PLPD coverage required in New Brunswick is $200,000, but most residents choose to purchase additional coverage of $1 million or more.
| Characteristics | Values |
|---|---|
| Type of insurance | Personal liability and property damage insurance |
| What does PLPD cover? | Costs in the event you cause damage to someone else's vehicle or personal property in an accident. It also covers injuries you caused to another person. |
| What does PLPD not cover? | Damage to your vehicle if you are at fault. |
| Minimum liability coverage in New Brunswick | $200,000 |
What You'll Learn
Third-party liability insurance
In New Brunswick, the minimum third-party liability coverage required is $200,000, but most people are insured for $1,000,000 or more. This insurance covers you as a vehicle owner and 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. If you cause injuries or damage property to a value higher than your coverage, you are liable for the excess damages.
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Direct compensation
In addition to direct compensation, comprehensive insurance covers damage to your own vehicle caused by events other than a collision, such as theft, vandalism, or fire. Collision insurance, on the other hand, covers repairs to your vehicle in the event of an at-fault accident, but it has a deductible.
It is important to note that while direct compensation is referred to as "no-fault" insurance, this does not mean that no one is at fault in an accident. Rather, it means that your insurance company will handle your claim, regardless of who is at fault.
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Uninsured automobile insurance
In addition to uninsured automobile insurance, there are several other types of mandatory and optional car insurance coverages available in New Brunswick. These include third-party liability coverage, direct compensation coverage, accident benefits coverage, collision coverage, and comprehensive coverage. Each of these coverages provides protection in different situations, such as damage to your vehicle, medical expenses, and legal fees.
It is important for New Brunswick drivers to understand the different types of insurance coverages available and to choose a policy that meets their needs and complies with provincial law. By doing so, they can ensure they are protected financially and legally in the event of an accident.
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Collision or upset insurance
Collision coverage can be expensive, so it may not be worth adding to your policy if your vehicle is old or inexpensive to replace. However, if you are in an accident that is your fault, you will have to pay for repairs to your vehicle yourself without this coverage.
In New Brunswick, if you are in an accident that is not your fault, damage to your car will be covered under Direct Compensation Property Damage (DCPD). However, if you are at fault, you will need collision coverage to pay for repairs to your vehicle.
It is important to note that collision coverage does not cover damage to your vehicle caused by something other than a collision, such as vandalism, theft, or fire. This type of damage is covered by comprehensive insurance.
When deciding whether to add collision coverage to your policy, consider the value of your vehicle and the cost of the coverage. If the cost of the coverage is more than the value of your vehicle, it may not be worth adding. However, if you cannot afford to pay for repairs or a replacement vehicle out of pocket, collision coverage can provide valuable protection.
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Comprehensive insurance
In New Brunswick, comprehensive insurance is part of the mandatory minimum coverage required by the province. This minimum coverage also includes third-party liability, direct compensation, accident benefits, and uninsured automobile coverage.
When purchasing comprehensive insurance in New Brunswick, it is important to understand the specific terms and conditions of the policy, including any exclusions or limitations. Additionally, consider comparing quotes from multiple insurance providers to ensure you get the best coverage at the most competitive rate.
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Frequently asked questions
PLPD stands for Personal Liability & Property Damage. It covers any damage you may cause to other people or their property when driving your vehicle. This includes damage to other people's cars, homes, yards, and belongings, as well as any medical bills resulting from an accident you are deemed "at fault" for.
In New Brunswick, PLPD covers you as a vehicle owner and driver if you injure someone or damage someone else's property with your car. The minimum liability coverage required in the province is $200,000, but most people choose to be insured for $1,000,000 or more.
PLPD does not cover the cost of repairs to your own vehicle. If you are at fault in an accident, damage to your vehicle will not be covered.
Yes, PLPD is the only coverage that is legally required in every province in Canada. In New Brunswick, car insurance is mandatory, and PLPD is included in the minimum coverage required for all insured vehicles.
