How does Direct Compensation for Property Damage (DCPD) work?

Learn about Direct Compensation for Property Damage (DCPD) coverage, an important facet of car insurance. LEARN MORE ► View the complete article: https://www.squareone.ca/resource-cen... RELATED VIDEOS ► What is all perils coverage?    • All Perils Car Insurance: How Does It Work...   ► Family Protection Coverage guide:    • Why Is Family Protection Coverage So Impor...   ► Busting 12 common car insurance myths:    • Busting 12 Common Car Insurance Myths   SUBSCRIBE FOR MORE INSURANCE VIDEOS ► Subscribe to Square One's channel and receive notifications for the latest videos about vehicles, interior design, homes, and insurance: http://bit.ly/SubscribeSQ1 ---------------------------------------------------- ABOUT SQUARE ONE Square One is an insurance agency that offers online home and car insurance. By eliminating all unnecessary complexities built into traditional policies, and offering customers a way to get a quote and buy online, Square One makes it easy and convenient for people to personalize their insurance to meet their exact needs. Square One offers home insurance in BC, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec. Car insurance is offered in Ontario and Quebec. GET AN ONLINE INSURANCE QUOTE Get a free home insurance quote from $15/month or a car insurance quote from $120/month (Ontario) or $67/month (Quebec) and buy online in less than 5 minutes ► https://www.squareone.ca CONNECT WITH US ON SOCIAL Facebook ► http://bit.ly/FacebookSQ1 Twitter ► http://bit.ly/TwitterSQ1 Instagram ► https://bit.ly/InstagramSQ1 ---------------------------------------------------- Direct Compensation for Property Damage (or DCPD) is an important element of car insurance policies in many Canadian provinces, including Ontario. It covers repairs to the insured vehicles under certain circumstances, most notably when the driver is not at fault for an accident. DCPD contrasts with collision coverage, which covers damage to the car when the driver is at fault. Under DCPD, you’ll deal with your own insurance provider throughout the claim, even though another driver is at fault. DCPD also includes loss of use coverage, meaning it will help you pay for alternative transportation (like a rental car) while your car undergoes covered repairs. If fault is shared between multiple drivers, DCPD will only cover the portion for which the insured was at fault. For example, if you were 50% at fault for an accident, DCPD would only cover 50% of the repairs; you would need collision coverage for the remaining half. DCPD is mandatory in some provinces, but optional in Ontario and Alberta. If a vehicle owner opts out of DCPD, they will be entirely responsible for covering repair costs resulting from accidents, even if someone else is at fault. 00:00 Intro 00:25 What is DCPD? 01:01 How DCPD works 02:51 Claims and fault 03:59 Claim example #InsuranceTips #CarInsurance #DCPD