Look no further if you’re needing car and truck insurance today.
Bolton is an urban centre in Caledon, Ontario which is found in the Greater Toronto Area (Peel region).
Your Bolton branch (Axion Insurance and DMW Insurance) offers car and truck insurance, home insurance, business insurance and life insurance. We access many other superior products as well.
About Us
Bolton is the most populous community with a population of about 27,000 in the town of Caledon, about 50 kilometres northwest of Toronto in Peel Region.
Bolton’s downtown area that historically defined the village is in a valley, through which flows the Humber River. Farm land and the protected Oak Ridges Moraine dominate the landscape surrounding the village.
The community, formerly known as Bolton Mills, was founded around 1822 when James Bolton helped build a flour mill for his relative George Bolton. By 1857, Bolton was a village with a population of 700 in the Township of Albion in Peel County.
Bolton was a boomtown in the 19th-century. In its heyday in 1929, Bolton had 216 cotton mills and 26 bleaching and dyeing works, which made it one of the largest and most productive centres of cotton spinning in the world.
The community provides family friendly living with easy access to urban centres such as the Greater Toronto Area. There are two 400-series highways nearby, including Highway 427, about 15 km southeast (by Highway 7), and Highway 400, about 14 km east (exit at King Road).
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Western Financial Group is a proud member of the Insurance Brokers Association of Ontario.
What do I need to know about car insurance in Bolton, Ontario?
As a resident of Ontario, you need mandatory car insurance coverage that protects you, your passengers, and other drivers.
Under the Compulsory Automobile Insurance Act of Ontario, it is illegal to drive a motor vehicle that is not insured.
There are four types of car insurance that are legally required in Ontario:
- Third-party Liability Coverage: You must have a minimum of $200,000 in third-party liability coverage as part of your mandatory car insurance. It’s highly recommended that you purchase a higher limit. It protects you if someone is killed or injured, or their property is damaged, and you are found to be legally liable.
- Statutory Accidents Benefits Coverage: It provides you with benefits if you are injured in an accident, no matter who is found to be responsible. It includes supplementary medical, rehabilitation and attendant care, caregiver, non-earner and income replacement benefits, and there are options to increase most of these coverages.
- Direct Compensation- Property Damage (DCPD) Coverage: It covers damage to your car or its contents, and for the loss of use of your car or its contents, if another person was at fault for the accident. It is called direct compensation because even though someone else causes the damage, you collect directly from your own insurer.
Insurance coverage under the DCPD section only applies if the following conditions are met: The accident took place in Ontario and there was at least one other vehicle involved in the accident. At least one of the other vehicles is insured by an insurance company licensed in Ontario.
- Uninsured Automobile Coverage: It protects you and your family if you are injured or killed by a hit-and-run driver or by an uninsured motorist. It covers damage to your car caused by an identified uninsured driver.
What do I need to know about home insurance in Bolton, Ontario?
Home insurance is not mandatory in Ontario, but if you have a mortgage your lender will likely require you to have an insurance policy.
Home insurance helps you protect against:
- Theft
- Fire
- Third- party “slip and fall” accidents
- Vandalism
Without home insurance, you’ll be responsible for paying out of pocket for damages to your home and detached structures like your shed or garage.
Home insurance also covers your personal belongings and helps protect you should someone get injured at your Bolton home.
You’ll be protected and have peace of mind with home insurance in Bolton.
