Provincial and territorial minimums don’t provide adequate coverage. Consider the potential costs of a serious accident. You could easily surpass these limits and bear the responsibility for a considerable amount. Insurance professionals recommend extending your third-party liability coverage to between $1 and $2 million. Talk to your insurance agent or broker if you travel to the U.S. often, carpool, live in a busy metropolitan area, or drive for commercial purposes. They may recommend even higher coverage. Fortunately, additional coverage is reasonable and well worth the investment.