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26 Aug 2013

Changes Coming to Motor Vehicle Insurance on PEI

by Admin
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The Canadian Broadcasting Corporation is reporting that changes are coming to the Prince Edward Island automobile insurance benefits, so that these benefits will fall in line with what is offered in the other two Maritime provinces.

The proposed changes would lift the $2,500 minor injury cap to $7,500, along with changes to the definition of what constitutes a minor injury. Changes are also anticipated to a number of no-fault insurance payouts, including for medical and rehabilitation expenses, and for loss of income. In particular, medical and rehabilitation payouts would increase from $25,000 to $50,000, and loss of income payments from $140 a week to $250 a week.

The text of the full story can be found here:

http://www.cbc.ca/news/canada/prince-edward-island/p-e-i-to-raise-cap-onauto-i nsurance-pay outs-1.2436228