Next May, ICBC’s enhanced care coverage will take effect.
Photo by Jaana Björk
ICBC to introduce enhanced care coverage
Published 11:26 PDT, Fri August 14, 2020
Last Updated: 2:13 PDT, Wed May 12, 2021
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.