Help & Support - Glossary

Accident Benefits Coverage describes benefits that are available if you are injured in an accident, no matter who caused the accident. It includes income replacement; medical and rehabilitation expenses; attendant care costs; death and funeral expenses; benefits for non-earners, including students; and caregiver expenses. It is a standard inclusion in your policy when you purchase Third Party Liability Coverage.*

*Coverage may vary in Quebec. Please contact us at 1.833.223.8740 if you have questions about services offered in Quebec. 

The term coverage refers to the amount and/or type of protection provided by an insurance policy.

Optional Increased Accident Benefits offer increased limits and extra benefits that are additional to the basic limits and options offered in mandatory insurance coverage.*

*Coverage not available in Quebec.

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.

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.

For insurance purposes this is a chance event that is unexpected and accidental. Damage to your home by a fire due to an electrical fault is an insurable risk because it is unexpected and accidental. Wear and tear is an expected risk and uninsurable.

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.