Business

ICBC to introduce enhanced care coverage

By Richmond Sentinel

Published 11:26 PDT, Fri August 14, 2020

Last Updated: 2:19 PDT, Tue September 15, 2020

ICBC will embark on a new way of doing auto insurance in BC, the largest transformation in its 40-year history.

The government projects that the enhanced care coverage bill, expected to receive royal assent today, will save British Columbians on average 20 per cent or about $400 on their auto insurance. It will also provide increased care and recovery benefits, increasing from the current limit of $300,000 to a maximum of at least $7.5 million for people injured in a crash.

Enhanced care coverage starts in May 2021. To read more, click here.

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