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MPI Introduces New Coverage Options

MPI Introduces New Coverage Options
30
Mar

MPI is introducing new coverage options for renewals and reassessments with an effective date of April 1, 2021 or later.

Overview of changes:

  • Basic policy deductible increasing from $500 to $750
  • The lowest policy deductible available will be increased from $100 to $200
  • An enhanced deductible option has been added
  • Glass repair and vandalism claim deductible waivers only available with $200 Plus Deductible option
  • Basic Third-party liability limit will increase from $200,000 to $500,000
  • Maximum insured value under basic coverage will increase from $50,000 to $70,000

Personal Injury Protection benefit will increase from $101,000 to $103,500 for all customers effective April 1, 2021.

  • Deductible Changes for trailers and heavy trucks:
  • Trailers valued under $2,500 – deductible increased from $150 to $225
  • Trailers valued over $2500 – deductible increased $500 to $750
  • Heavy trucks – deductible increased from $800 to $1,200

For more information, visit https://www.mpi.mb.ca/Pages/coverage-enhancements-2021.aspx