If you own a vehicle in Ontario, you are required to purchase the following automobile insurance coverage:
Third-party liability coverage:
This section of your automobile insurance policy protects you if someone else is killed or injured or their property is damaged. It will pay for claims resulting from lawsuits against you up to the coverage limit and pay the costs of settling the claims. By law, you must carry a minimum of $200,000 in third-party liability coverage, but you can choose to increase the minimum amount.