First, you should at least comply with provincial requirements. This is very easy because the needs are minimal. Getting financial support for an institution comes with requirements and again, these minimal.
Why do you have to be covered for legal requirements are not good enough? If you are looking to meet some of your losses of your own pocket, the insurance you purchased may not, for all your needs after all, been sufficient in the event of an accident. Do you remember why you are insured for the first? It’s in your financial interest and not only with the law.
On the other hand, if you are covered for any type of reporting, it is the sun, you can break your bank account, and also against the very purpose of insurance.
The key is for the coverage you need to be covered. You should understand the words you see in a policy and communicate this to discuss with an agent to become familiar. To those that are the norm and those that are recommended for your particular situation. To those who are optional for you and eliminate those that do not apply to you at all.
Again to further discuss with the agent. Let him tell you the impact of all this. Feel free not ask for clarification if needed. Ask the slightest doubt. You’re the one who pay for your coverage on a periodic basis, so you know, you have to do.