Linked Header

Wednesday, August 11, 2010

Insurance Board Says Cap Designed To Lower Premiums

A spokesperson for The Insurance Board of Canada says in this province there is a balance of good benefits for those making claims and affordable premiums for everyone that drives.
Bill Adams tells CHSJ News that's because of the $2500 cap for those injured in minor auto accidents.

He says was designed to decrease premiums with a limit on pain and suffering payouts and it has by 35 per cent in this province.
Adams adds he is sure no one will believe him but, the auto insurance industry in this province is considered one of the best with some of the lower premiums in the country.