No Fault Auto Insurance Alberta
Since 1985 tsg has served customers in the alberta area to protect their.
No fault auto insurance alberta - Moving to a no fault system would help alleviate the pressures being put auto insurance costs in alberta and would be a unique model in the canadian market according to the head of the province. The insurance brokers association of alberta ibaa is recommending alberta s government expand its no fault insurance system to find more affordable and sustainable auto insurance for albertans. If you own or drive a car in alberta by law you must buy insurance coverage from a private insurer.
Alberta will move to a no fault system for auto physical damage if the province s brokers have their way. The ibaa published a white paper in early march entitled the framework. That s just one of 20 legislative and regulatory changes the insurance brokers.
Alberta survey biased toward no fault auto insurance outcome calgary lawyer warns the province has started a survey in an effort to address alberta s high car insurance rates. A no fault system takes away an individual s right to sue. In alberta we already have a form of no fault insurance coupled with the provision that individuals have the right to sue if they do not receive adequate.
Fixing the alberta auto insurance system. Insurance industry lobbyists having found that no fault auto insurance is unpopular with albertans now want to change the legal definition of minor injuries to include significant chronic conditions like concussions traumatic brain injuries chronic pain tmj injuries and psychological injuries as a way to shortchange albertans and. Alberta functions with a no fault car insurance system.
The scary proposition is that the insurance companies in an attempt to reduce personal injury claims are seeking to move alberta toward a full no fault system for car insurance. Having no fault insurance doesn t mean you won t be found at fault if you are in an accident. If the alberta government implements changes to auto insurance in the form of a no fault insurance system it will likely benefit auto insurance companies at the expense of the rights of albertans.
Find the best insurance for your needs. No fault insurance is one of the most misunderstood and confusing insurance terms even though it isn t a difficult concept. A no fault and tort based system is used to set out accident benefits and the right to sue in specified situations.
Speak with a tsg insurance broker to get the answers to your questions on insurance services. Auto insurance q a.
