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Auto Insurance Glossary
A B C D E F G H I J K L M N O P Q R S T U V W Y Z
U
Uninsured automobile and unidentified driver (Atlantic Provinces)
Uninsured motorist coverage (Ontario and Alberta)
Use
Business use
Loss of use(No. 20)
Uninsured automobile and unidentified driver (Atlantic Provinces)
This option provides coverage if you are in an accident with an at-fault, uninsured driver. It even covers you if the driver is not identified at the scene of the accident. (e.g. hit-and-run accidents)
Uninsured motorist coverage (Ontario and Alberta)
Provides coverage for you if you are in an accident with an at-fault, uninsured driver who is identified at the scene of the accident.
Business use
The more you use your vehicle, the higher the risk that you'll be involved in an automobile accident. People who use their vehicle for business will have a higher premium than those who do not. Business use includes driving to appointments or presentations or if you are a salesperson on the road.
Loss of use (No. 20)
Say you're involved in an accident and your car is damaged. Loss of use coverage pays for a rental car or alternate transportation while your automobile is being repaired.
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