Jives‘in the province: It seeks to
Han ra ates solely to an. individual's dri

“you bd t urance. From now on,
no individual or group willbe. penalized: ‘or favoured
‘sol is of age.

injury to others will pay an additional premium of
$390 for each accident.

in three equal instalments -the first payable at the: .
time liability is. determined, and the second and third
on the next two anniversaries of the accident." *’
sdcat Premium al sor be chasoe the babii
Accident juin: not e ity
is divided, each driver whose share of the claim is
more than $100 will be charged the full Driver Accident
Premium. If the claim is less than $390, the driver’ _-
who is at fault may choose to maké a ‘single payment
equal to the amount of the claim, rather than pay
the Driver Accident Premium.

* This premium is charged to the driver of the
vehicle, whether or not he or she is the owner.
Failure to pay a Driver Accident Premium after notice
from the Corporation will result in denial of Own
Damage coverage for for a subsequent claim for a vehicle
owned by tha

There are two exceptions to this new Driver
:n uacident Premium:

“(aj le does not ‘apply to drivers of vehicles rated
for commercial or business use. Since the cost of
insurance is a business expense, it’s unfair that an em-
Ployee-driver should pay the Driver Accident
Premium when responsible for
eer) an accident while driving an
employer's vehicle.

However, accidents will still
mean higher
insurance costs for
owners of such
vehicles because

reasons of: “age, ‘sex, Marital : status or

an ‘accident whi ts in propé: darn or bodily

- This premium may be paid i in. one lump sum or |,

ever.m orcycles and
rated acrording te tothe Safe

be

icle Discount system will
app ed.throughout 1981. &:.-
ur vehicle was i inv: ved i in an

hai in the EALR: ‘program, you.
m bac ¢ the full S-year discount

- for people who cai
\f fe ae aoc ts. Premium program asa...
responsible drivers who acquire
_ penalty points for traffic violations. :
. The minimum number of points a diiver can
acquire without financial penalty is now 4.instead
of.5. The um. number is: now 25 instead of 20.
j tof the additional Penalty .
Premi calculated by squaring the number
of points, equating that figure to dollars and
adding 30%.

5. ADJUSTMENT OF TERRITORIAL RATES
Further changes will be made in the EA.LR. pro-
gram towards eliminating differences in territorial
rates. In'1981, these differences will be adjusted to a.
maximum spread of 20% between territories.

N 1981?

Several insurance options will be available to you
in 1981 when you renew your Antoplan insurance.
.. Please take time to mee therfi‘out before you renew.
They are part of ICBC’ continuing program

to provide a broader range of coverage to meet your
specific needs.

1. UNDERINSURED MOTORIST PROTECTION
This option provides extended protection to the

vicums of accidents where the insurance carried

by the driver at faule is not sufficient

i

ve =
Sten p> Bean woo

to pay: lain ‘for! injury and death. It provides’
>for the yittim’ Third Paty. Liability coverage
, ta be applied the total Payment to the higher

For: xample,i in a situation where a driver at: fault.

eames’ $100, 00a Third. Party Liability coverage but

~ the victim carries. $500,000. the ‘higher amount can be

If: you consider that the standard No-Fault benefits ; |
‘ would be inadequate to.cover your lost earnings
in the event of an injury. see from an accident,

“death benef §:
3. Loss OF VEHICLE. USE
- You.can purchase this endorsement in con-
junction with an: Own Damage policy. It provides for
reimbursement on‘a fixed scale to cover the ex- .
penses of a rental vehicle when you make a valid claim
for Own Damiage coverage. ©

' _You.canchoose reimbursement to start 24, 48 or
‘72, hours after the accident is reported to ICBC .
_or the police. It will end with completion of repairs,
‘replacement of your vehicle, or the date on which ©
ICBC tenders settlement for the loss of your vehicle.

4. AUTOPLAN' RATES FOR 1981

Unavoidably, Autoplan rates will increase in 1981.
Why? Quite. simply because:the number of acci-
dents is going up; the severity of personal injuries is
increasing, the cost of settling claims— both col-
lision and ‘personal injury-is skyrocketing.
« We can’t control these factors. The costs we can

- control, like the administration of Autoplan, are . ,

among ‘the lowest for any. corporation in the auto in-
surance industry in North America: 16 cents of the . -
premium dollar versus‘an industry average of 30 cénts.
Inflation plays a large part in the risi
,cost of settling insurance claims, but so does the increas-
ing complexity and so histication of today’s
automobiles. Dual headlights; unitized bodies, light-
weight materials, catalytic converters...these are
_just some of the ddvances in safety, environmental
“protection, fuel economy and styling that make
every accident that much more costly. Settlements for
injuries are also increasing each year.
So, here are the rate increases scheduled for 1981:
An average increase of 31% for compulsory
Third Party Liability coverage,

An average increase of 48% for extended

Third Party Liability and Collision
coverages.

Further details on all
aspécts of Autoplan
may be found in the 1981.
Motorist Kit available
from your local
Autoplan Agent
and from Motor
Licence Offices.

Md wo oo ody