Benefit of Auto Insurance vs Auto Pak
Harvard Western Insurance is your official MySGI broker. It’s easy to create your online account and get started! The benefits are extensive as MySGI provides various online services like renewing vehicle registration, paying your annual driver’s license fee, or buying 24-hour and 8-day permits. You can also change your personal information, review your Auto Pak, or file a claim using MySGI. It’s all super easy with mySGI to help make your insurance effortless!
Basic Auto Insurance:
Under the basic Saskatchewan license plate auto insurance, a vehicle is subject to a $700 deductible. The vehicle settlement is actual cash value, referring to the lessening value since purchase. You also have $200,000 third-party liability to pay for injuries or damage caused by your driving.
Under the basic license plate insurance, you have the option between no-fault or tort coverage. No-fault and tort describe the methods an injured party may pursue damages. All registrants in Saskatchewan are automatically set to no-fault coverage unless you were to opt-out. In a nutshell, no-fault coverage allows you to file a claim and seek compensation, regardless of who is at fault.
Basic Saskatchewan license plate insurance provides the minimum amount of coverage for you and your vehicle, but is it enough?
Basic auto insurance coverage may not be sufficient when faced with the costs of an accident. Some exclusions with basic auto insurance are family security, unlicensed vehicle storage coverage, damage to non-owned vehicles, loss of use, replacement value, etc. For example, can you afford to suffer that financial loss if someone steals your car while unlicensed? However, with an Auto Pak policy, you can purchase these coverages.
Auto Pak Policy:
Auto Pak policies allow you to increase the third-party liability with options between $1-$5 million. Included automatically is coverage for family security at no additional cost. Family security helps safeguard you if an uninsured/underinsured motorist causes an accident. For example, an impaired driver will not have coverage to pay for the cost of your vehicle damages, injuries, or other expenses.
Damage to vehicles you do not own or damage to your unlicensed vehicle/trailer while in storage can be covered under an Auto Pak policy. Lowering your $700 standard deductible is available; On an Auto Pak can purchase various increments for as low as $50. For those pesky stones hitting your windshield, you can buy a lower Road Hazard Glass deductible. Pay $700 when an accident happens, or pay $100? Seems pretty clear to us!
You can purchase Replacement or Repair Cost coverage for brand new owned or leased vehicles on an Auto Pak. For 60 months from the delivery date, this coverage acts as a shield to protect your vehicle from lessening in value. Loss of Use coverage is also a convenient add-on to help pay for a rental car if yours is in an accident. This coverage can help if there is no responsible third-party insurance to recover this cost.
Basic Auto vs Auto Pak Accident Benefits
No-fault coverage under an Auto Pak policy is also enhanced; that’s right, it gives you even more!
Basic Auto Insurance
Auto Pak Coverage
When laid out like this, it’s easy to see why an Auto Pak policy is a good idea. The best part?
You can pay a monthly amount to keep costs low and reap all the extra coverage benefits.
Want to evaluate your current coverage and get expert advice? Call us or stop by one of our offices anytime. Our local non-commissioned advisors are ready to provide you with the customer service you deserve. No time for that? No problem! We also have online services available. For example, you can sign up for mySGI online to set up your online account or get an instant real-time Auto Pak quote.