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Reliable Car Insurance Brokers.

Looking for car insurance in Nova Scotia? Basin Insurance Halifax has been providing reliable auto insurance brokerage services in Nova Scotia since 1960.

The complexities of car insurance can be overwhelming. What is the right amount of liability insurance to purchase? Should I carry Collision and if so at what deductible? What are all these endorsements that I see on my policy? Why are they there and do I need them?

The services of an Independent Insurance Broker are valuable when it comes to getting a better understanding of your auto insurance.

The Client Service Reps at Basin Insurance are ready to help you. Why not complete the questions below and email them to us today. We will contact you by the method of your choice and get the info we need to provide you with a quotation. We do not advocate cancelling your present coverage in mid-term, but we will follow up with you when your policy comes up for renewal.

If you will be moving into Nova Scotia from another part of the world, coverage and Insurance Laws will differ, and we suggest you contact us now, before you get here.

You may be in an accident or have your car vandalized or stolen. Insurance is available to protect you from the potentially huge costs associated with these risks.

Replacing just the bumper on a typical North American-made car can cost over $300. Medical bills resulting from an accident could add hundreds, or even thousands of dollars more to the bill.

COMMON QUESTIONS ABOUT CAR INSURANCE

Q. What is insurance?
A. Insurance is a way of spreading financial risk among large numbers of people. You pay a fee to an insurance company for the right to share in funds set aside to pay your costs in certain predefined circumstances.

Q. Do I have to buy auto insurance?
A. The province of Nova Scotia requires you to carry a minimum amount of liability coverage. Coverage for damage to your car is optional.

Q. How much will my insurance cost? A. Prices vary widely. The type of car you drive, your driving record, your age, your sex, where you live and how much you drive usually affect cost. You may qualify for various discounts.

Q. How often do I have to renew my insurance?
A. Auto insurance policies usually last six months or one year. You will receive a notice when it is time to renew your insurance.

Q. Will my rates go up or will I lose my car insurance if I get into an accident or get a ticket?
A. If you are at fault, get a ticket for a serious violation (such as driving while impaired), or are involved in any claim large or small, the company will consider that when setting the price for your next policy renewal.

GLOSSARY OF INSURANCE TERMS

Claim: A person's request for payment by an insurer for a loss covered under a policy. Your claims to your company are "first-party claims." Claims made by one person against another person's company are know as "third- party claims."

Collision Coverage: Optional insurance which pays for damage to your car caused by collision with another car or object, or by rolling the car over. Frequently required if you have a car loan.

Comprehensive Physical Damage Coverage: Optional insurance which pays for damage to your car caused by things other than collision or rolling the car over, such as fire, theft, vandalism, flood or hail. Frequently required if you have a car loan.

Conditions: Part of a car insurance policy which states your obligations and those of your insurance company in order for the policy to be in effect.

Deductible: The amount which you agree to pay, per claim or per accident. This is subtracted from the total amount paid by your insurer. If the claim is $500 and your deductible is $100, you pay $100 and your insurance company will pay $400. The higher the deductible, the lower your payment will be for the policy.

Insurance Company: A company which, in exchange for a fee (known as a premium), agrees to pay all legitimate claims that may arise under your policy.

Liability: A legally enforceable financial obligation.

Liability Coverage: Insurance which pays the losses of other people which you cause unintentionally or through negligence.

a)Bodily injury liability coverage pays medical costs of others and your legal defense costs if your car injures or kills someone.
b)Property damage liability coverage pays claims against you if you damage someone else's car or property.

Medical Payments Coverage: It pays for medical and funeral expenses for you and your passengers from an accident, up to policy limits, regardless of who is at fault.

Negligence: Failure to exercise a generally acceptable level of care and caution.

Policy period: The amount of time an insurance contract (policy) lasts.

Policyholder: The person who buys insurance.

Premium: The amount you pay for insurance coverage.

Proof of loss: Documents that you give to the insurer to support your request for payment of losses. The company uses these documents to determine whether and how much it will pay. (Examples:written repair estimates from auto body shops, police reports.)

Uninsured motorist coverage: Insurance which pays for your costs resulting from an accident involving a hit-and-run driver or a driver who does not have car insurance.

Please take the time to explore the rest of our website to find out more about our Halifax insurance brokerage. We provide a wide range of services including car insurance, homeowners insurance, small business insurance and many other services to insure you and your property. We also are glad to provide you with information on our industry and insurance companies in Canada. Please don't hesitate to contact us for an insurance quote.

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