To cancel your auto insurance policy, you can contact your AMR insurance broker, who will take care of the formalities with your current insurance company and, if necessary, find you a new insurer that better suits your needs or budget.

You should keep your car insurance documents for at least one year after your policy expires. They may be useful in the event of a dispute or litigation with your insurance company or another party involved in an accident.

Claim settlement documents should be kept for at least seven years, as some disputes can take several years to be settled.

Please note, however, that requirements may vary by jurisdiction and insurance company, so be sure to ask your broker for recommendations that apply to your unique situation.

To protect drivers financially in the event of car accidents, insurance companies assess the risks associated with each driver and their vehicle, then set rates based on those assessments.

If an accident occurs, policyholders can file a claim with their insurance company (through their broker if applicable) and receive an amount to cover—depending on the policy they have purchased—property damage and bodily injury to the other party involved in the accident in the case of liability insurance (which is mandatory) or damage to both parties in the case of comprehensive insurance (which is optional).

Car insurance protects drivers against the financial risks associated with car accidents.

In Quebec, car insurance has two components:

1. Chapter A (mandatory), or “one-way” insurance as people say, which covers third party liability, i.e. property damage caused to another person’s vehicle and bodily injury (which would not be covered by the SAAQ) caused to another person.
2. Chapter B (optional), also nicknamed “two-way insurance,” which covers damage to your own vehicle.