Third-party liability insurance in Canada provides essential financial protection if you unintentionally cause bodily injury, death, or property damage to someone else while operating a motor vehicle, occupying a home, or running a business. It covers legally mandated compensation payouts awarded to claimants, pays for your formal legal defense counsel and court costs, and ensures compliance with statutory financial responsibility laws. However, it explicitly excludes intentional harm or physical damage to your own personal assets.
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