Policy Changes
Click on your policy type to learn more
- Commercial Auto
- Commercial Auto - Garage
- Personal Auto
- Personal Property
- Payment Plan
- Niche Specialty Property
- Difference in Conditions, Deductible Amounts and Limits of Insurance
- Commercial Property and Casualty - Crime
- Commercial Property and Casualty - Business Interruption
- Commercial Property and Casualty - Liability
- Commercial Property and Casualty - Property
Commercial Auto
SUMMARY OF KEY CHANGES FOR COMMERCIAL
VEHICLES – Prince Edward Island
We
previously shared with you that Royal & Sun Alliance Insurance
Company of Canada (“RSA”) was acquired by Intact Financial
Corporation. As a result, your RSA insurance policy is being transferred to Intact
Insurance Company (“Intact Insurance”) on your policy‘s renewal date.
As part of the transition to Intact Insurance, certain coverages on your
existing policy may have been reduced/removed or enhanced/increased. The main
coverage changes are listed below; please read the content carefully.
This is
only a summary of the changes that may impact your coverage. Please refer to
your insurance policy which provides the full details of your coverage,
including a full list of conditions and exclusions. If you have questions about
your policy or these changes, please contact your broker.
Deductible changes
Your deductible may have changed. If
the deductible you had previously at RSA is not available at Intact Insurance,
it has been changed to the next lowest available. Deductibles are based upon vehicle
value. The minimum deductible requirements are outlined below:
·
If
your previous deductible was below $500 for all perils or collision, it is now
a minimum of $500 or more.
·
If
your previous deductible was below $250 for comprehensive or specified perils,
it is now a minimum of $250 or more.
Endorsements
The following endorsements have seen
changes in coverage, limits, deductibles or have been removed. Please review to
see how your policy may have been affected.
|
Endorsement |
Changes |
|||||||||||||||
|
PE-SEF 20 –
Coverage for Transportation Replacement |
Your limits
may have changed. Please review the following chart to see your new limits:
Daily limit
no longer applies. PE-SEF 20 is
not available where the vehicle does not have all perils, collision,
comprehensive or specified perils coverage. |
|||||||||||||||
|
PE-SEF 27
–Liability for Damage to Non-Owned Automobile(s) |
Your limits or deductible may have changed. Please review the following
chart to see your new limits and deductible:
PE-SEF 27 is not available where the vehicle
does not have all perils or collision and comprehensive or collision and specified
perils coverage. |
|||||||||||||||
|
PE-SEF 27B
–Business Operations - Liability for Damage to Non-Owned Automobile(s) |
Your limits may have changed for light commercial vehicles. Please
review the following chart to see your new limits and deductible:
There is no change for heavy commercial vehicles. |
|||||||||||||||
|
PE-SEF 43R
/43R(L) – Limited Waiver of Depreciation |
PE-SEF 43R is
not available where the vehicle does not have all perils or collision and
comprehensive or collision and specified perils coverage. |
|||||||||||||||
|
PE-SEF 44 –
Family Protection |
Your new
limit will be equal to the third party liability
limit unless otherwise specified in your policy documents. |
Higher limits may be available on Fleet
rated policies. For more information about these changes or additional benefits
that may be available to you, please contact your broker.
Commercial Auto - Garage
To learn about the personal property changes, read here.
Personal Auto
Personal
Auto - Prince Edward Island
We
previously shared with you that Royal & Sun Alliance Insurance
Company of Canada (“RSA”) was acquired by Intact Financial
Corporation. As a result, your RSA insurance policy is being transferred
to Intact Insurance Company (“Intact Insurance”) on your policy‘s renewal date.
As part of the transition to
Intact Insurance, certain coverages on your existing policy may have been
reduced/removed or enhanced/increased. The main coverage changes are listed
below; please read the content carefully.
This is only a summary of the changes that may impact
your coverage. Please refer to your insurance policy which provides the full
details of your coverage, including a full list of conditions and exclusions.
If you have questions about your policy or these changes, please contact your
broker.
Summary of Key
Changes for Private Passenger Vehicles
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
|
Your Previous Deductible |
Your New Deductible |
|||||
|
Direct Compensation/ |
All Perils |
Collision |
Comprehensive |
Specified Perils |
||
|
$50 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$100 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$250 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$300 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$500 |
$0 |
$500 |
$500 |
$500 |
$500 |
|
|
$1,000 |
$0 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
|
|
$1,500 |
$0 |
$1,500 |
$1,500 |
$1,500 |
$1,500 |
|
|
$2,000 |
$0 |
$2,000 |
$2,000 |
$2,000 |
$2,000 |
|
|
$2,500 |
$0 |
$2,000 |
$2,500 |
$2,500 |
$2,500 |
|
|
$3,000 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$3,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$4,000 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$4,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$5,000 |
$0 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
|
$7,500 |
$0 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
|
$10,000 |
$0 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
Endorsements
The following
endorsements have seen changes in coverage or in limits or have been removed.
Please review to see how your policy may have been affected.
|
Endorsement |
Changes |
||
|
PE-SEF
19 – Limitation of Amount |
This
coverage is not available for private passenger vehicles, other than Classic
vehicles. |
||
|
PE-SEF 19A – Agreed Value of Automobile |
This
coverage is no longer offered on private passenger vehicles, other than Classic and Antique vehicles. |
||
|
PE-SEF
20 – Loss of Use |
Your
limits may have changed. Please review the following chart to see your new
limits: |
||
|
Previous limit |
New limit |
||
|
$1,000 or Less |
$1,000 |
||
|
$1,001 - $1,500 |
$1,500 |
||
|
$1,501 - $10,000 |
$3,000 |
||
|
PE-SEF
27 – Legal Liability for Damage to Non-Owned Automobiles |
Your
limits may have changed. Please review the following chart to see your new
limits: |
||
|
Previous limit |
New limit |
||
|
$75,000 -$100,000 |
$75,000 |
||
|
PE-SEF
35 – Emergency Service Expense |
Replaced
with the Roadside Assistance endorsement. |
||
|
PE-SEF 43R/43R(L)
– Removing Depreciation Deduction - Owned Vehicles - 48
month option |
If
your vehicle had coverage for 48 months, it will
continue to have this option if the vehicle still qualifies. If the
vehicle is older than 48 months, this coverage will be removed. |
||
|
PE-SEF 44
– Family Protection Including Supplement |
If
you had this endorsement on your policy and the limits differ from the Third Party Liability Limit, your renewal will match the
Third Party Liability limits. |
||
|
Shock
Waiver |
This
coverage will be replaced with the Responsible Driver Guarantee,
if you qualify. This coverage is not available for occasional
operators and will be removed. |
||
|
PCF
5 CS – Permission to Rent or Lease the Vehicle for Carsharing |
This
endorsement will be removed, as this coverage is automatically
provided under your Intact Insurance automobile policy. |
||
|
PCF
6 – Permission to Drive for a Transportation Network Company with Insurance
Car |
This
endorsement will be removed, as this coverage is automatically
provided under your Intact Insurance automobile policy. |
||
|
Previous
Policy |
Changes |
||
|
Third
Party Liability limit |
If
you previously had a third party liability limit
greater than $2 million, your policy will renew with a $2 million limit. |
||
Summary of Key
Changes for Antique and Classic Vehicles
|
Previous
Policy |
Changes |
|
Third
Party Liability limit |
If
you previously had a third-party liability limit greater than $1 million on
your Antique automobile, your policy will renew with
this limit set at $1 million. If you
previously had a third-party liability limit greater than $2 million on your
Classic automobile, your policy will renew with this
limit set at $2 million. |
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
All Perils is not
offered for Antique Risks. If you had All Perils coverage it will be replaced
with Collision and Comprehensive coverage.
|
Your Previous Deductible |
Your New Deductible |
||||||
|
Direct Compensation/ Property Damage |
All Perils for Classic Risks only |
Collision |
Comprehensive for Antique Risks |
Comprehensive for Classic Risks |
Specified Perils Antique Risks |
Specified Perils for Classic Risks |
|
|
$0 |
$0 |
$500 |
$500 |
$250 |
$250 |
$250 |
$250 |
|
$100 |
$0 |
$500 |
$500 |
$250 |
$250 |
$250 |
$250 |
|
$250 |
$0 |
$500 |
$500 |
$250 |
$250 |
$250 |
$250 |
|
$300 |
$0 |
$500 |
$500 |
$250 |
$250 |
$250 |
$250 |
|
$500 |
$0 |
$500 |
$500 |
$250 |
$500 |
$250 |
$500 |
|
$1,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$1,500 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$2,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$2,500 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$3,500 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$5,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$6,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$7,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$8,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$9,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
$10,000 |
$0 |
$1,000 |
$1,000 |
$250 |
$1,000 |
$250 |
$1,000 |
|
Endorsement |
Changes |
|
PE-SEF
19 – Limitation of Amount |
Replaced
with PE-SEF 19A – Agreed Value of Automobile |
Summary of Key
Changes for Motorhomes
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
|
Your Previous Deductible |
Your New Deductible |
|||||
|
Direct Compensation/Property Damage |
All Perils |
Collision |
Comprehensive |
Specified Perils |
||
|
$50 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$100 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$250 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$300 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$500 |
$0 |
$500 |
$500 |
$500 |
$500 |
|
|
$1,000 |
$0 |
$1,000 |
$1,000 |
$500 |
$500 |
|
|
$2,000 |
$0 |
$1,000 |
$1,000 |
$2,000 |
$2,000 |
|
|
$2,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$5,000 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$7,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$10,000 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
Previous
policy |
Changes |
|
Physical
damage deductible for motorhomes valued over $50,000 |
If
you previously had a physical damage deductible other than $1,000, your new
deductible is $2,500. |
|
PE-SEF
20 - Loss of Use |
You
will now have access to this endorsement, as it was not previously available
with RSA. This endorsement is offered at no charge, but
is subject to eligibility criteria. Coverage for Transportation Replacement
$50 per day / $1,200 per accident |
|
PE-SEF 40
- Fire & Theft Deductible |
A
fire and theft deductible will now apply if your motorhome has physical
damage coverage. |
Summary of Key Changes for Trailers and Camper
Units
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
All Perils is not
offered for Trailer Risks - If you had All Perils coverage it will be
replaced with Collision and Comprehensive coverage.
|
Your Previous Deductible |
Your New Deductible |
|||||
|
Direct Compensation/ |
See above |
Collision |
Comprehensive |
Specified Perils |
||
|
$50 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$100 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$250 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$300 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$500 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$1,000 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$2,000 |
$0 |
|
$250 |
$100 |
$100 |
|
|
$2,500 |
$0 |
|
$250 |
$100 |
$100 |
|
Summary of Key Changes for Snowmobiles
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
|
Your Previous Deductible |
Your New Deductible |
|||||
|
Direct Compensation/ |
All Perils |
Collision |
Comprehensive |
Specified Perils |
||
|
$50 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$100 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$250 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$300 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$500 |
$0 |
$500 |
$500 |
$500 |
$500 |
|
|
$1,000 |
$0 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
|
|
$1,500 |
$0 |
$1,500 |
$1,500 |
$1,500 |
$1,500 |
|
|
$2,000 |
$0 |
$2,000 |
$2,000 |
$2,000 |
$2,000 |
|
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
|
Your Previous Deductible |
Your New Deductible |
|||||
|
Direct Compensation/ |
All Perils |
Collision |
Comprehensive |
Specified Perils |
||
|
$50 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$100 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$250 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$300 |
$0 |
$500 |
$500 |
$250 |
$250 |
|
|
$500 |
$0 |
$500 |
$500 |
$500 |
$500 |
|
|
$1,000 |
$0 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
|
|
$1,500 |
$0 |
$1,500 |
$1,500 |
$1,500 |
$1,500 |
|
|
$2,000 |
$0 |
$2,000 |
$2,000 |
$2,000 |
$2,000 |
|
Summary of Key
Changes for Motorcycles
Deductible changes
Your deductible
may have changed. Please review the chart below to see your new deductible.
|
Your Previous Deductible |
Your New Deductible |
|||||
|
Direct Compensation/ |
All Perils |
Collision |
Comprehensive |
Specified Perils |
||
|
$50 |
$0 |
$100 |
$100 |
$100 |
$100 |
|
|
$100 |
$0 |
$100 |
$100 |
$100 |
$100 |
|
|
$250 |
$0 |
$250 |
$250 |
$250 |
$250 |
|
|
$300 |
$0 |
$250 |
$250 |
$250 |
$250 |
|
|
$500 |
$0 |
$500 |
$500 |
$500 |
$500 |
|
|
$1,000 |
$0 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
|
|
$1,500 |
$0 |
$1,500 |
$1,500 |
$1,000 |
$1,000 |
|
|
$2,000 |
$0 |
$2,000 |
$2,000 |
$2,000 |
$2,000 |
|
|
$2,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$3,000 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$3,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$4,000 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$4,500 |
$0 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
|
$5,000 |
$0 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
|
$7,500 |
$0 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
|
$10,000 |
$0 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
Personal Property
To learn about the personal property changes, read here.
Payment Plan
As part of the transition to Intact Insurance, your payment plan may be changing. Please review the table below and consult your statement of account, enclosed in your insurance policy package, to see which, if any, of the payment plan changes apply to you.
If you have questions, please call 1-855-388-5502 or contact your broker to discuss payment plan options.
Niche Specialty Property
To learn about changes to your policy, read here
Difference in Conditions, Deductible Amounts and Limits of Insurance
To learn about changes to your commercial policy, read here.
Commercial Property and Casualty - Crime
To learn about changes to your commercial policy, read here.
Commercial Property and Casualty - Business Interruption
To learn about changes to your commercial policy, read here.
Commercial Property and Casualty - Liability
To learn about changes to your commercial policy, read here.
Commercial Property and Casualty - Property
To learn about changes to your commercial policy, read here.