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Laurie Bauer , CAIB | Business Development Manager , TW Insurance Brokers
Alberta Auto Insurance Changes
As of January 1 , 2022 , all automobile policies in Alberta include mandatory coverage for Direct Compensation Property Damage ( DCPD ) according to the recently actioned Bill 41 : The Insurance ( Enhancing Driver Affordability and Care ) Amendment Act . This coverage makes claiming damages to your vehicle faster and easier , as you will now deal with your insurance company directly , regardless of fault .
What Does This Mean ?
There is no action required by auto insurance policyholders as DCPD coverage is a change to the way that vehicle damage claims are handled in Alberta .
If you are involved in an accident where you are not at fault , your insurance company will pay for the repairs to your vehicle . This will result in a fairer and more customer service-oriented approach to claims . Damages will be repaired faster and without delays or complications that can arise when dealing with another driver ’ s insurance company .
Damages to Me and My Vehicle
Regardless of fault , there is no change to the process of claiming for injuries sustained in a motor vehicle accident .
DCPD streamlines the claims process for consumers as claims are now processed by your insurance provider .
● If you are found 100 per cent not at-fault for an accident : Any vehicle repairs and required loss of use coverage ( rental car , taxi , etc .) will be paid for through your DCPD coverage .
How DCPD Will Impact Premiums
NO CHANGE
18 % will see savings greater than 5 %
73 % The number of drivers that will see no change or a small ( up to +/ - 5 %) difference in their premiums
9 % will pay 5 % or more
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