Help & Support - Glossary

A driving record abstract may refer to one of several documents requested by your insurance company:*

• Motor Vehicle Report or Abstract: This lists your class of driver's licence, convictions or suspensions, and sometimes the date of when you first obtained your licence. The information provided in this report varies by province
• Auto Plus Report: This report is a complete picture of an automobile insurance policy and claims history
• Driver's licence history: In Ontario, this report provides a detailed driver's history including proof of successful completion of a Ministry-approved driver's training course
• Statements from government insurers

*Requirements and documents may vary in Quebec.

Loss of Use Coverage provides you with a replacement vehicle or reimburses you for your transportation costs, while your vehicle is being repaired or replaced after being damaged by an insured peril.

Also known as rental vehicle coverage. This option extends your policy coverage when you rent a vehicle in Canada or the US. Avoid the need to purchase insurance from the car rental agency. Some limits apply.

For customers renting a vehicle once a year or more frequently, this can equal significant savings.

Your premium is the amount of money an insurance company charges for insurance coverage. Your premium can be paid as a lump sum or, more commonly, in installments during the duration of the policy.

Accident Forgiveness protects your driving record with Scotia Home & Auto Insurance after your first at-fault accident. Your driving record is one of the factors that helps determine your premium.

We have a few different products including Enhanced Accident Forgiveness, Preferred Accident Forgiveness, and Accident Rating Waiver. Please connect with us to discuss your protection options.*

*Not applicable in Quebec. Please contact us at 1.833.223.8740 if you have questions about services offered in Quebec.

Your insurance liability card (in Canada, also called "a pink slip") serves as your proof of Third Party Liability Coverage.

This optional coverage protects you from underinsured motorists. If you or a member of your family is injured or killed by a motorist and there is a shortfall in their coverage, this extra coverage pays an additional amount sufficient to cover the injury sustained.*

*Not applicable in Quebec.

Guaranteed Replacement Cost is available as a part of Homeowners policies

This coverage permits you to rebuild, repair or replace your dwelling even if the loss or damage exceeds your policy limits. There are conditions which apply to this coverage.

Please connect with us to ensure that you have adequate coverage to protect you and your family.

Third Party Liability Coverage provides protection to you if you are involved in an accident where you are deemed legally liable. It can cover damages to another person for injury or death as well as for damage to another person's vehicle or property.*

*Coverage names and benefits vary in Quebec.

These are options available to purchase additional or increased benefits and coverage.