What is the minimum third-party liability coverage required in Ontario?

In Ontario, the minimum third-party liability coverage required for automobile insurance is $200,000. This coverage is designed to protect policyholders from financial loss in the event that they are responsible for causing injury to another person or damage to another person’s property through the operation of their vehicle. This amount is established by the Insurance Act and reflects the minimum level of protection that insurers must offer to drivers.

Having at least $200,000 in third-party liability coverage means that if you cause an accident and are found liable, this coverage will help pay for the resulting claims, including medical expenses or property damage claims, up to that limit. It is important for drivers to consider that while this is the minimum requirement, many choose to purchase higher limits for additional protection against potential claims that could exceed this amount.