You must advise your insurer if you wish to rent or
borrow a trailer, a tent trailer or a car. You could add the QEF 27
endorsement to your policy to cover your responsibility for damages caused to a vehicle
that you do not own.
If I use my car to travel to the United States during my vacation, do I have to inform my insurer?
If you plan to travel to the United States with your car, you must
advise your insurer and ensure that you are adequately protection by:
obtaining collision insurance (if
you don't have any). It is easier to file a claim request with your own insurer for
damages caused to your car than to sue the party responsible for the accident
in the United States;
increase your civil
liability
coverage. For
a small additional premium, the limit can be increased to up to $2 million. Remember that,
contrary to the province of Quebec, where a victim of bodily injuries files
a claim with the Société de
l'assurance automobile du Québec (SAAQ), in
the United States, an
auto accident victim can initiate legal proceedings against
you.
How do I add a driver (one of my children, for example) to my policy?
Yes, you are covered. However, in the event of a claim, the amount of your
indemnity could be reduced if you have not declared this use to your insurer.
Your premium is based, among other things, on the
use you make of your
vehicle. If the insurer does not receive the premium that it is entitled to according to the
type of coverage it provides, it can proportionally reduce the settlement you receive
in the event of a claim (section 2411 of the Quebec Civil Code).
Am I covered if I drive another person's vehicle?
Under the terms of the "civil
liability benefit" contained on your policy, your automobile
insurance contract protects you as the driver of any automobile. Certain exclusions apply
however, including:
if the vehicle is owned by someone who resides at the
same address;
if the vehicle is furnished by an employer.
In these cases, you must be listed as a driver on the
vehicle owner's policy.
However, civil liability does not cover
damages that may be caused to vehicles that you do not own, such as a rented
vehicle for example.
Such damages can be covered by an additional endorsement:
QEF 27 - Civil liability for damage to vehicles that are not owned by
the insured.
This coverage is available at a minimal cost and we recommend that all
our insureds have it.
Is it true that automobile premiums are higher for a rented vehicle than a purchased vehicle?
The auto insurance rates of several insurers take into account whether a
vehicle is rented or purchased. It has been shown that insureds who rent thir vehicle
submit more claims and that rented vehicles are stolen more often, particularly at
the end of the lease period.
Is my policy automatically renewed each year?
Your policy renews automatically on the expiry date, unless you or your insurer
provide notice to the contrary.
Is the property inside my trailer automatically covered by my insurance?
It is important to note that the property contained inside your trailer
or tent trailer is not covered by your automobile insurance, which only covers
the trailer as a vehicle. The amount of property coverage you have under your
home insurance plan should also include that contained in your trailer.
Should I report all my automobile accidents?
Quebec law obliges you to declare
all accidents. If you omit to report an accident, your insurer reserves the right to check
your file in the central file of insurers, which houses information on all claims
involving Quebec drivers.
I am the executor of my father's estate. Should I advise his automobile insurer in the event of his death?
Yes, as soon as a death is certified, you must advise the deceased's
insurer, who will place the existing policy or policies in the
estate's name. The deceased's property should be secured until it is
sold or transferred to a heir.
Home Insurance
What must I do in the event of damages caused to my personal property or home?
A police report is required in the
event of theft or vandalism. Protect your property from further damage and store it until
you receive instructions from your insurer. Locate invoices or other proof of possession of the damaged
property.
What is the definition of depreciated value and replacement value?
The depreciated value of an article is established by taking into account various factors such as the
item's age, use, normal lifetime and replacement value. The replacement value is
the replacement cost or, if it is lower, the repair cost using new components of
the same type and quality, with no deduction for depreciation. The replacement value
applies only if your policy provides for such coverage.
How do I calculate the amount of insurance necessary to cover my property?
It is often difficult to evaluate the
value of the property we accumulate over the years. We therefore recommend that you perform a property
inventory . To guide you in your evaluation, several insurers,
including Industrial Alliance Auto and Home Insurance, estimate that the contents of
a house represent half the reconstruction cost of the building. Hence,
the contents of a house that costs $150,000 to rebuild would be evaluated at
$75,000.
Should I advise my insurer if I make renovations to my home?
Yes. Regardless of the type of renovations made, you must advise your
insurer, who will issue an endorsement for the duration of the renovations.
Afterwards, the insurer will evaluate with you if the renovations
increase the reconstruction value of your residence and recommend, where
necessary, that you increase the amount of coverage.
Am I obligated to insure my home?
Although Quebec law obliges you to insure your car, even if it is not
ont the road, you are not legally obligated to insure your home. However, if
your mortgage is financed by the Industrial Alliance mortgage
loans department or by another financial
institution, the institution will require that you insure your home. Even
a mortgage-free home should be insured. It only costs a few hundred dollars
per year to protect your most precious asset, which is often worth many
thousands of dollars.
I am the executor of my father's estate. Should I advise his home insurer in the event of his death?
Yes, as soon as a death is certified, you must
advise the deceased's insurer, who will place the existing policy or policies in the estate's
name. The deceased's property should be secured until it is sold or transferred to an
heir.
Vous pouvez visualiser et imprimer les documents
en format PDF avec le plugiciel Acrobat
Reader.
