Alberta Mandatory Coverage Owners of motor vehicles in Alberta must obtain coverage that meets the mandatory regulations. In the province, $200,000 in third-party liability coverage is mandatory. Additional coverage can be purchased from your insurer. The chart below provides a summary of mandatory coverages required by the Alberta government. Please refer to the list of sources for more details.This information is for educational purposes only. Consult a qualified insurance professional for further assistance. As of January 1, 2021Mandatory minimum third-party liability: $200,000 is available for any one accident; however, if a claim involving both bodily injury and property damage reaches this figure, payment for property damage will be capped at $10,000.Direct Compensation Property Damage (DCPD) required?Effective January 1, 2022.Medical payments: Up to $50,000/person.Funeral expense benefits: $6,150.Disability income benefits: 80% of gross weekly wages to maximum $600/week; up to 104 weeks for total disability; nothing payable for the first seven days of disability; non-earner benefit (unemployed person 18 years or older) $200/week, up to 104 weeks.Death benefits: Death of head of household $10,000, plus 20% ($2,000) for each dependent survivor after first, plus additional $15,000 for first survivor and $4,000 for each remaining survivor; death of spouse/adult interdependent partner of head of household $15,000; death of dependent relative, according to age, maximum $3,000; grief counselling up to $500 per family with respect to death of any one person.Impairment benefits: Not applicable.Right to sue for pain and suffering?Yes. If injury is deemed “minor” under provincial legislation, maximum award is $5,365.Right to sue for economic loss in excess of no-fault benefits?Yes.Administration:Private insurers. Sources:Automobile Accident Insurance Benefits RegulationAlberta Standard Automobile Policy, S.P.F. No. 1, effective September 1, 2013Alberta Standard Automobile Policy, S.P.F. No. 1, effective May 1, 2021Alberta Superintendent of Insurance Bulletin 02-2021: Alberta SPF AmendmentsAlberta Superintendent of Insurance Bulletin 04-2020: Additional Automobile Insurance Reform MeasuresAlberta Superintendent of Insurance Bulletin 01-2020: Minor Injury Regulation Auto Insurance Q & AQuestions to ask your insurance representative.All about Auto InsuranceRegardless of where you live in Canada, auto insurance is required by law. You are not authorized to drive without it. Useful LinksFACTS of the Property & Casualty Insurance IndustryThe FACTS of the Property & Casualty Insurance Industry is published by Insurance Bureau of Canada (IBC), the trade association representing Canada’s private property and casualty (P&C) insurance companies. IBC has published FACTS since 1972 to provide a snapshot of the state of the P&C insurance industry.Buying Auto InsuranceKnow how insurance premiums are calculated, where to turn for insurance if you are a higher-risk driver and what additional auto insurance coverage is available. Insurance Premium AllocationThe premiums of many policyholders pay the claims of the few who suffer a claim. Insurers put premiums toward a mix of claims costs, investments and operational expenses.Types of CoverageCollision, specified perils, comprehensive and all perils are among the additional coverages available for your vehicle. In general, these coverages are very similar across the countryCanadian Loss Experience Automobile Rating (CLEAR)Collision, specified perils, comprehensive and all perils are among the additional coverages available for your vehicle. In general, these coverages are very similar across the country. Facility Association Facility Association’s mission is to administer the automobile insurance residual markets, enhance market stability, and guarantee the availability of automobile insurance to those eligible to obtain it.