The insurance industry says a cap on injury payouts could lower our premiums. But if it does, it’s likely to be a small monthly amount, enough to cover a deluxe car wash, maybe … or a fast food lunch.
In Nova Scotia, New Brunswick and PEI, where accident victims have had their compensation capped, drivers pay about $3.85/week less in premiums than we do in NL.
Is saving the equivalent of a medium coffee and a donut really worth giving up the right to fair compensation if you, or a loved one, are hurt in an accident?
And if you don’t own a vehicle … you’d still lose your rights under a cap. It will apply to passengers, pedestrians and cyclists—anyone hurt in a motor vehicle accident.
A cap on compensation is designed to protect big insurance companies. It will also protect drivers, including distracted and impaired drivers, who cause accidents.
Meet some real victims who found out how high the cost of such small savings.
Meet Some Real Victims