Victoria – ICBC will embark on a new way of doing auto insurance in British Columbia, the largest transformation in its 40-year history.
The Enhanced Care coverage bill, expected to receive royal assent on Friday, Aug. 14, 2020, will save British Columbians on average 20% or about $400 on their auto insurance. It will also provide increased care and recovery benefits for people. It will increase from the current limit of $300,000 to a maximum of at least $7.5 million, providing the care people need for as long as they need it, should they be injured in a crash.
ICBC’s Enhanced Care coverage: http://icbc.com/2021
Government’s intended changes at ICBC: https://www2.gov.bc.ca/assets/download/000BAC79D98D4E14AAFCBBD582883BAD
