Mandatory Yukon Auto Insurance Coverage

Yukon auto insurance customers are required have certain types of coverage in place in order to drive legally in the territory. Third party liability and uninsured motorist coverage is required. Drivers in the Yukon must also purchase accident benefits coverage.

Third party liability insurance coverage pays for the damages that you cause in an accident. The insurance company will provide legal representation if a policyholder is sued for damages under the policy and will also pay for damages, up to the policy limit. The minimum level of third party liability coverage required in the Yukon is $200,000. Many customers in the territory choose to buy $1 million in coverage.

Uninsured motorist coverage pays out when the at-fault driver in an accident either doesn’t have coverage or can’t be identified. This part of the policy does not cover damage caused to your vehicle in a hit and run incident. If the at-fault driver can be identified, you would be able to make a claim to your own insurance company for the damage caused to your car. This part of the policy also pays out if you are seriously injured in an accident where the at-fault driver leaves the scene.

Accident benefits are used to pay for medical and rehabilitation expenses following an accident, regardless of which driver was at fault. It also provides compensation towards lost wages and funeral expenses if the accident results in one or more fatalities.