Other Than Life (OTL) Practice Exam

Which coverage is NOT typically found in auto policies across Canada?

1. Uninsured Motorist Coverage

2. Accident Benefits

3. Loss of or Damage to Insured Auto

4. Coverage for temporary substitute vehicles

The correct answer is: Coverage for temporary substitute vehicles

In auto insurance policies across Canada, coverage for temporary substitute vehicles is indeed not typically included. This type of coverage allows for the insured to drive a temporary replacement car when their own vehicle is unavailable due to repairs or other reasons. While it may be available as an add-on or endorsement, it is not a standard component of most auto insurance policies. In contrast, uninsured motorist coverage provides protection if an insured driver is involved in an accident with a driver who has no insurance. Accident benefits cover medical expenses and income replacement as a result of injuries from an accident, regardless of fault. Loss of or damage to the insured auto refers to comprehensive and collision coverage that protects the policyholder against damages to their own vehicle. These components are generally considered essential aspects of standard auto insurance policies across the country, highlighting why they are included while coverage for temporary substitute vehicles is not.