What are the Car Insurance Policy Limits in Nova Scotia?

The law of Nova Scotia requires that all motorists have minimum liability insurance of $500,000. Most insurers will only sell up to a maximum of $1,000,000 of liability coverage for consumers. There coverage can be higher for automobile insurance sold to businesses.

Therefore, if you have be injured in a car accident because of another person’s negligence, then they will likely have between $500,000 to $1 million of insurance coverage to pay your injury claim. The negligent person has to pay out of their own pocket for any compensation over the maximum insurance limits. For example, lets say the court determines your compensation is $5 million. If there negligent person’s insurance policy has a limit of $1 million, then you would be paid $1 million by the insurer, but would then have to try and recover the remaining $4 million directly from the negligent person or company.

If you have been injured in a Nova Scotia motor vehicle accident, please feel free to contact me.  My firm is a member of Cantini Law Group and our Halifax Car Accident Lawyers handle cases all over Nova Scotia.

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