Auto Pak

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
  • $700 deductible.
  • $200,000 in third-party liability.
  • Up to 90% of net income to a maximum of $102,673.
  • Death benefit pays 45% of the deceased’s net income, plus 5% for every dependent under 21.
  • Education allowance pays up to $49,928 for training and education of the dependent spouse $10,887 paid for funeral expenses.
  • Coverage for family security, damage to your unlicensed vehicle while in storage, damage to cars you do not own, and loss of use are not covered.
  • Replacement costs for new vehicles are not covered.
  • As low as $50 deductible.
  • Up to $5 million in third-party liability
  • An additional 10% of net income is covered (for a total of 100%).
  • Death benefit pays 50% of the deceased’s net income plus any additional amounts needed to cover, up to 5% for each dependent.
  • Education allowance pays up to an additional 50% above basic auto insurance.
  • Death benefit pays up to an additional 50% above basic auto insurance.
  • Coverage available for family security, damage to an unlicensed vehicle while in storage, damage to cars you do not own, and loss of use.
  • Can include replacement cost for new vehicles.

 

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.

More questions?

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.

Auto Pak