Deductible for Direct Compensation Property Damage?

[Motorcycle Mike]

Just getting a quote through Belair Direct for auto insurance, and selecting a deductible for direct compensation property damage is an option that I have never been presented with before.

Basically, to select a $500 deductible would save about $50 a year, but in what circumstances would one receive a payout from DCPD -- is that if someone hits you? Or what?

 

[Platinum Cycle]

Yes, a DCPD claim would be occur in Ontario where you are in a not at fault accident with another Ontario motorist (or a motorist from outside Ontario who is signatory to our rules).

Example, you get R/E on the 401 by another Ontario motorist. The damages to your back bumper are $5000. You would get $4500.

 

[VifferFun]

Most companies select the $0 DCPD deductible option by default, since most people would be REALLY peeved if they had to pay a deductible when an accident wasn't their fault. Some brokers might even make you sign a form before they will allow you to put a deductible on DCPD.

Since Belair is trying to compete on price, they're giving you the option to buy the bare minimum. If you think there is less than a 10% chance that you will be involved in a not-at-fault accident this year, then you might want to go with the $500 deductible and save the $50.