Red Deer Car Insurance
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Red Deer is the third largest city in the province of Alberta. Red Deer is nicknamed Park City due to the Waskasoo Park that runs through the heart of the city. Waskasoo Park contains 80 kilometres of multi use trails and a variety of attractions that include Fort Normandeau, Bower Ponds and Cronquist Heritage Centre, Rotary Skateboard Park, Lions Campground and Discovery Canyon. Red Deer is also known for being the home of the Alberta Sports Hall of Fame and Enmax Centrium. People in Red Deer get around by either taking local bus service provided by Red Deer Transit or driving their own cars.
Plenty of Insurance Options in Red Deer
In Alberta, drivers are required by the government to have auto insurance. When it comes to buying auto insurance, drivers have plenty of options; there are 70 private insurance companies that offer insurance in Alberta. However, drivers don’t have that any options when it comes to the bare minimum benefits they are required to purchase. The provincial government requires all drivers to have compulsory minimum third-party liability, medical payments, funeral expense benefits, disability income benefits and death benefits included in their coverage.
Compulsory minimum third-party liability provides up to $200,000 in the case of an accident. However, if you’re involved in an accident where there are claims related to both bodily injury and property damage, the insurance company will only pay out up to $10,000 for property damage, choosing to reserve the rest of the money for bodily injury claims. The medical payments portion of the coverage guarantees a maximum of $50,000 per person per accident. In the case of a death, $5,000 is allocated from the funeral expense benefits. If the head of the household dies due to a car accident, death benefits will provide $10,000 plus $2,000 to each dependant survivor after the first. Under the disability income benefits portion of the coverage, you can be compensated for up to 80% of your weekly gross income or $400 per week, whichever is lower.
Motor Vehicle Insurance Changes in 2004
Alberta differs from several other provinces in that it allows injured parties to sue for pain and suffering and economic loss in excess of no-fault benefits; injured parties in some provinces are typically barred from suing the at-fault party due to the no-fault insurance system under which their province operates. Although you are allowed to sue for pain and suffering, you can’t sue for ridiculously high amounts. In 2004, the government made some changes to the auto insurance system that resulted in a $4,504 cap on pain and suffering court awards. The reason for this change was because, in the past, there were lawsuits where minor injuries like sprains resulted in pain and suffering awards to the tune of $20,000 to $50,000. That may have been very nice for the injured parties, but everyone else was suffering due to the higher premiums insurance companies started charging.
Another change that occurred in 2004 had to do with the way minor injuries resulting from car accidents were diagnosed and treated. In the past, there were no standard methods of diagnosis or treatment; injured parties would be diagnosed and treated in a variety of ways. Since there were no standardized treatments, an injured party had to wait until their insurance company approved of the proposed treatment before they were able to start said treatment and receive compensation. The government realized that making people wait for treatment wasn’t a fantastic idea, as this often led to extra missed time at work and sometimes exacerbated the injuries that needed to be treated.
The government’s solution was to create a list of common minor injuries and treatments. With this list in hand, an injured person can seek out treatment without speaking to their insurance company first. Injuries and treatments on the list are guaranteed to be covered by insurance companies, so there’s no need to wait for approval anymore. Thanks to this list, accident victims can get treatment and go back to work as soon as possible.