Owners of motor vehicles in P.E.I must obtain coverage through a private insurer that meets mandatory regulations. In the province, $200,000 in third-party liability coverage is mandatory.
Mandatory Auto Insurance Includes:
Section A – Third Party Liability which protects the insured P.E.I. driver and/or the registered vehicle owner in the event they cause injury, death or property damage to a third-party resulting from negligence.
Section B – Accident Benefits coverage pays for medical treatment, income replacement and other benefits to help eligible claimants. Accident benefits are “no-fault benefits,” which means the insurer, regardless of who caused the collision, pays these benefits to their insured claimants.
Section D – Uninsured Automobile Coverage – Which provides protection for any injuries you or your passengers sustain if an uninsured is at fault. Section D also provides protection to your damaged vehicle but only if the at fault uninsured driver is “identified”.
The chart below provides a summary of minimum coverages required by the Prince Edward Island 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, 2017
Compulsory 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 Required? | Yes |
Medical payments: | Up to $50,000/person; four-year time limit |
Funeral expense benefits: | $2,500 |
Disability income benefits: | Maximum $250/week; 104 weeks for partial disability; lifetime for total disability; must be disabled for at least seven days to qualify; unpaid housekeeper $100/week, maximum 52 weeks |
Death benefits: | Death within 180 days after accident (or two years if continuously disabled prior to death); death of head of household $50,000, plus $1,000 to each dependent survivor after first; death of spouse of head of household $25,000; death of dependant $5,000 |
Impairment benefits: | N/A |
Right to sue for pain and suffering? | Yes. If injury deemed "minor" under provincial regulation, maximum award is $7,545 |
Right to sue for economic loss in excess of no-fault benefits? | Yes |
Administration: | Private insurers |
Sources:
All online sources were accessed on April 1, 2017