Is no fault insurance coming to Alberta?

Is no fault insurance coming to Alberta?

The province’s new Direct Compensation for Property Damage (DCPD) system came into effect on January 01, 2022. Under the DCPD, a driver’s own insurer will pay for repairs to their vehicle following a collision wherein the driver-policyholder is not at fault. Jan 20, 2022

How long do you have to transfer insurance in Alberta?

Call 1-866-989-6370 or Contact a Registries Agent. How Long Do I Have to Transfer My Registration After Buying a Car? You have six days to register the vehicle from the time of the sale.

Do you need home insurance in Alberta?

While it is true that home insurance is not mandatory in Alberta (you are not legally obligated to purchase it like you are with auto insurance when you own a car), in many cases your mortgage lender might require you to have it as part of your financing agreement.

Is home insurance mandatory in Alberta?

Home insurance in Alberta is not mandatory, but it is strongly recommended. There are too many threats to your home not to have coverage. Without a plan, you are putting your personal finances at risk. Plus, banks and other mortgage lenders will not give you a loan without proof of homeowners insurance.

Is condo insurance going up in Alberta?

Insurance premiums for condominiums also grew by 23 per cent year, over year, in the second quarter of 2021 in Alberta, the LowestRates.ca report found. Only British Columbia saw a bigger jump at 34 per cent. In contrast, Ontario premiums only grew by about two per cent. Oct 1, 2021