Cost And Coverage – Forbes Advisor Canada

Each province and territory has the following mandatory minimum third-party liability coverage:

  • British Columbia: $200,000
  • Alberta: $200,000
  • Saskatchewan: $200,000
  • Manitoba: $500,000
  • Ontario: $200,000
  • Quebec: $50,000
  • New Brunswick: $200,000
  • Nova Scotia: $500,000
  • Newfoundland and Labrador: $200,000
  • PEI: $200,000
  • Yukon: $200,000
  • Northwest Territories: $200,000
  • Nunavut: $200,000

Each province and territory may also have its own cap that dictates how claims payments will be…

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