Originally Posted by nikki dreaming

I know and understand for sure, also boot on the other foot you are hit in an accident by someone that only has minimum coverage for third party liability, some provinces as low as $50 ,000 average is $200,000 k, now , if you are middle /early years in full time job and cannot ever work again and need care even $200k is not going to get you far, but this could be the max you get, also this is not per person in an accident it's per claim, so if there is hubby wife and 2 kids this limit has to cover you all, anything serious you are screwed , please obtain high limits for tp liab coverage but also ensure you request family endorsement known as endorsement 44 which means if you have a non fault accident with someone only carrying minimal limits of $ that your own policy will then kick in to cover your compensation owed up to the limit of what you carry on your own policy

Originally Posted by Almost Canadian

The Supreme Court of Canada has limited general damages to around $350,000. One cannot claim for future earnings in the European sense, and "loss of capacity" is awarded. IIRC the maximum is around $120,000.

Now, I appreciate that one may completely unfortunate and be responsible for an accident where 15 people are all put into a PVS, but I wager there hasn't been too many of these in Canada in the past 150 years

Originally Posted by dbd33

With due deference to the youth of the posters on this thread, I think there's a risk of an ongoing Grandmother/eggs situation. That said, ime, the coverage limit does bound the expectation of the claimant. People will shell out to sue deep pocketed insurance companies but it's not worth their while trying to collect $200,000 from the insurer and then fourteen and sixpence from someone who doesn't have two halfpennies to rub together. The claim will expand or contract to match the availability of funds.

Originally Posted by nikki dreaming

Are you referring to claims in a certain Province where this precedent has been set? I deal with claim in Tort Provinces except one.

Originally Posted by Almost Canadian

It was set by the Supreme Court of Canada. The Court whose decisions bind the whole of Canada.

Originally Posted by energysolutions

So, if I`ve grasped this correctly, assuming what you say is accurate (and you have me convinced) then there is no point in buying insurance with public liability above, say, $500,000?

Originally Posted by nikki dreaming

I have moved roles in the last 8 months and have not heard of this, I have just asked around my office and yes whilst General Damages are generally capped at around the $350k mark, the other heads of damages are still fully entitled to be claim ie future care, loss of earnings capacity etc.

I would be interested to see the case if AC can post it, either way like he said highly unlikely you may need higher, but in the scheme of the insurance premium a higher liability limit doesnt actually increase the premium too much and like I said earlier up the thread this higher limit can also be used to you and anyone travelling in your vehicle's benefit if you are involved in a non fault claim with someone carrying lower limits. I think it cost another $30 bucks a year to increase mine from $500k to $2 million

Originally Posted by energysolutions

So, if I`ve grasped this correctly, assuming what you say is accurate (and you have me convinced) then there is no point in buying insurance with public liability above, say, $500,000?

Originally Posted by nikki dreaming

I have moved roles in the last 8 months and have not heard of this, I have just asked around my office and yes whilst General Damages are generally capped at around the $350k mark, the other heads of damages are still fully entitled to be claim ie future care, loss of earnings capacity etc.

Originally Posted by nikki dreaming

I would be interested to see the case if AC can post it, either way like he said highly unlikely you may need higher, but in the scheme of the insurance premium a higher liability limit doesnt actually increase the premium too much and like I said earlier up the thread this higher limit can also be used to you and anyone travelling in your vehicle's benefit if you are involved in a non fault claim with someone carrying lower limits. I think it cost another $30 bucks a year to increase mine from $500k to $2 million

Originally Posted by Almost Canadian

Only if you can guarantee that you will only injure one person per claim or that there will be no property damage.

Originally Posted by Almost Canadian

Andrews v. Grand & Toy Alberta Ltd.

There is no such thing as loss of future earnings in Canada. It is loss of capacity and the mutiplicand/multiplier system used in the rest of the civilised world is not known here.

Originally Posted by Almost Canadian

Andrews v. Grand & Toy Alberta Ltd.

There is no such thing as loss of future earnings in Canada. It is loss of capacity and the mutiplicand/multiplier system used in the rest of the civilised world is not known here.

Originally Posted by PMM

Hi




You might want to read some of the cases in the Supreme Court of BC regarding your statement. Most Insurance claims have a decision on Past Wage Loss/Loss of Earning Capacity/Costs of Future Care