How Insurance Works In Canada. Most basic healthcare and medical services are covered under the public healthcare system known as medicare in canada. Liability insurance covers losses, such as injury or death, which your vehicle causes to other people.
If they are studying in canada, they may register for insurance through their school. In canada, the largest insurance company in terms of total assets in 2018 was manulife financial with approximately 750 million canadian dollars. Canadian provinces and territories require drivers to have mandatory coverage.