If you’ve been involved in a motor vehicle accident, you may have questions about your insurance policy. You need to know what sections apply, what benefits you are entitled to, and so on. Prince Edward Island’s Standard Automobile Policy applies to all automobile insurance policies in PEI.
The Policy contains 4 important sections, which can be broken down as follows:
Section A is third party liability and comes into play when you are injured in a motor vehicle accident and another driver is at fault. The other driver’s insurance company will be the one responding to any claim for personal injuries and losses that you may have experienced.
Section B is no fault accident benefits which (for accidents after October 1, 2014) covers up to $50,000.00 in medical and rehabilitation expenses and up to $250.00 weekly for loss of income (the lesser of $250.00 per week, or 80% of the insured’s gross weekly income), amongst other benefits. Your claim for these benefits would be through your own insurance, or the insurance of the vehicle you were driving at the time of the accident.
Section C is for damage to your vehicle or property as a result of an accident.
Section D is coverage for you if you are injured by an unidentified driver or uninsured driver.
if you purchased Standard Form Endorsement 44 coverage (SEF 44) as part of your insurance policy then you may have coverage if the other motorist is inadequately insured. Take for example a situation where you have suffered catastrophic injuries in an accident. If the other motorist only has $500,000.00 in coverage, but you have your own coverage of $1,000,000.00, then your insurance company (under the SEF 44 endorsement) will cover your losses above the limits of the other motorist’s policy.
If you have been injured as a result of a motor vehicle accident, the lawyers at Key Murray Law practising in the area of Personal Injury Law ( https://keymurraylaw.com/personal-injury/ ) would be happy to discuss your rights and options with you at a no fee initial consultation.
Cynthia A. Taylor
Legal information appearing in this article and elsewhere on Key Murray Law’s website is intended for informational purposes only and is not intended to substitute for or replace any legal or other professional advice. If you have specific concerns or a situation in which you require legal advice, you should consult directly with one of our lawyers.