Automobile Insurance – More than just a pink card!
There are many features to the Alberta Standard Automobile Insurance Policy, also titled the “S.P.F. No. 1” in insurance jargon! Working in the insurance industry for over 25 years, we often come across individuals who are unclear about what coverage they have or what coverage options are available to them. Therefore, we thought it would be helpful to breakdown a standard automobile policy into the different areas of coverage available.
Please note that Section A and Section B are combined coverage and cannot be deleted or added independently of each other.
There are many additional Endorsements that can be added to your policy, which we will discuss in our next Blog post.
When purchasing an additional vehicle or substituting a vehicle, please ensure that you contact us PRIOR to operating the vehicle to ensure that adequate coverage is in place. There is limited coverage for newly acquired automobiles under the Alberta Standard Automobile Insurance Policy.
Hopefully you have found this summary of coverage helpful, and as always, please do not hesitate to contact our Office as we would be more than happy to answer any questions you have!
The Costen & Associates Team