Who is liable when you leave your car at a parking lot and the car is stolen? After you are giving the keys to the Park and fly agent, who will be responsible for your vehicles safety? Have you ever looked into this scenario? Did you checked your Park and Fly agreement before parking your car? If not, here is something can give you a peace of mind; As per the Supreme Court of Canada ruling all damages caused to a vehicle at a “park and fly” parking lot is the responsibility of the Park and Fly company /business. It includes any damage by collision or upset, including perils or dangers listed under specified perils, falling, or flying objects, projectiles and vandalism.

Are you leaving to car at a public parking place, on your drive way/garage or on street? Planning to come back after couple months? Here is something you need to know;

You can convert your current insurance to a “Comprehensive car insurance or parked car insurance” and save some money. You can also ask the insurance company to hold the insurance for a specific period of time, but it’s not advised, Why?

Cancelling your insurance means any damage to your vehicle, you will be sole responsible it includes, Fire, Theft or attempted theft, Vandalism, Lightning, windstorm or hail, water damage, Earthquake or explosion, Riot or civil disturbance, falling trees, damage from any projectiles etc. On the other hand, the “Parked Ca Insurance” Cover it all for a nominal fee.

Also once you are back, make sure the vehicle is intact and any issues, take pictures, call the insurance company immediately. Also make sure to convert the parked car insurance to normal by calling them, otherwise any damage/s while you are driving your vehicle will not be covered under your policy as it was supposed to be parked.

Note: – Most of the insurance companies doesn’t like to see a gap in insurance coverage, and the rates can go up once you re-activate it So it is advised to downgrade your insurance to a comprehensive/parking insurance so the insurance companies will be happy and you will be protected from unexpected expenses.