Buying a vehicle is one of the most significant investments. Considering the personal needs of your family and yourself, you must make the choice that serves your best interest. Performance is nice, but the safety of your close ones and yourself should always come first. Of course, standards and preferences vary from person to person, but one thing remains true for us all and it is the need for the best insurance coverage on the market to protect your investment. We are well aware of this at Magnat Ravary Assurances; that is why our experts work with the leading insurance companies to make sure that you are entitled to the best coverage at the most competitive rates, whatever your needs may be.
As you may know, car insurance is mandatory in Quebec. However, you are free to choose your coverage according to your needs and budget. In an insurance policy, Chapter A – Civil Liability covers damage to the property owned by third parties. The minimum coverage required by law is $50,000. Usually, $1,000,000 or $2,000,000 in coverage is very strongly recommended, depending on your needs.
Chapter B is optional unless you have a car loan (23A) or are leasing your vehicle (5A). This section covers damage to your vehicle (collision, upset, fire, theft, vandalism, glass breakage, etc.). Finally, endorsements can extend or restrict certain warranties. More than 30 endorsements exist, but not all are frequently used.
In the event of damage, you will have to pay a deductible. A deductible is the amount you agree to pay in the event of a claim. It is a form of self-insurance that encourages caution on the part of the insured and reduces the number of small claims made. (E.g. A $250 deductible means that you will have to pay the first $250 of your claim). Note that the tax on insurance premiums in Quebec is 9%.
By entrusting your vehicle to Magnat Ravary Assurances, you could benefit from:
Make sure that your vehicle always has an amicable accident report. In the event of theft, vandalism, hit-and-run or a fire, obtain an incident report by contacting the authorities. This will be a very useful document to have, in order to allow a claims adjuster to follow up on your claim quickly and efficiently.
Entrust us with your insurance and you will get:
Peace of mind
Obtain an estimate for your home and recreational vehicle insurance in order to consolidate all your assets with Magnat Ravary Assurances.
Your property is perhaps your best asset and the biggest investment you could make. Turn your house into a home - make sure it is well protected.
Whether it's for a motorcycle, RV, ATV, boat, snowmobile or an antique, Magnat Ravary Assurances will help ensure your peace of mind, thanks to the best coverage on your recreational vehicle.