VICTORIA, B.C – A new era for ICBC begins on May 1st when it launches Enhanced Care coverage.
ICBC says the coverage is a “redesigned approach to the auto insurance game”. The company has high hopes for the new “care-based model”, saying it will bring historic savings on insurance premiums, improve care, and recovery and wage-loss benefits for those who are injured in crashes.
“Under Enhanced Care, millions of people will breathe easier – both at renewal time and if they’re injured in a crash,” said Mike Farnworth, Minister of Public Safety and Solicitor General. “This is the culmination of significant work by government and ICBC, in consultation with a wide spectrum of stakeholders and experts, to secure a sustainable, affordable and care-centred future for public auto insurance in British Columbia.”
ICBC customers who purchase full basic and optional insurance policy that is effective on or after May 1st will save around 20 per cent.
Some ICBC customers may be eligible to receive a one-time refund based on the portion of their current policy that extends past May 1st. These refunds will be issued later in May.
“Our team of recovery specialists is ready and feeling positive about being able to provide better care benefits and support to any British Columbian who is injured in a crash,” said Nathan Acker, operations manager, recovery and benefit services at ICBC. “As someone who comes from a clinical and health-care background, I know how important these changes are and how these benefits will assist our customers in achieving their recovery outcomes, regardless of whether they were responsible for the crash or not.”