Every Resident of Alberta that owns a motor vehicle and drives on the road in that same vehicle has a specific obligation. He or she is supposed to have an insurance policy that covers a minimum amount of damage, namely damage that equals $200,000.
A Source of Greater Protection
A vehicle owner that takes advantage of the chance to get optional coverage enjoys a greater level of protection. That optional coverage gets added to those policies that reflect the introduction of the Family Protection Endorsement.
What sort of coverage is enjoyed by a policy holder that has purchased the Family Protection Endorsement?
That policy holder has gained insurance of coverage if the amount of damage exceeds $200,000. In other words, the policy holder’s family stays protected, even if someone with only the minimum required coverage happens to hit that same family’s automobile.
The procedure that allows for utilization of SEF 44
The term SEF 44 refers to the Family Endorsement Act. The government activates SEF 44 when the situation warrants it. For instance, such an activation would take place if a car owned by a purchaser of the optional coverage got hit by a driver with a policy that covered damages of only $200,000.
In that case, SEF 44’s availability would serve to protect anyone that was riding in the automobile that felt the impact of the collision. That driver and passenger would enjoy financial protection, because money would become available for paying the full cost of the damage. That money would come from the coverage offered by the Family Protection Endorsement.
Personal injury lawyer in Grand Prairie understand that SEF 44’s activation does not take place automatically. That activation can only take place after a claim has been made against 2 insurance companies. The one company has insured the driver with the minimum amount of coverage. The other company has sold optional coverage to an individual or a family that needs added financial protection, due to the severe level of damage on their automobile.
Activation of SEF 44
That activation does not take place automatically. It does not help any driver that has taken advantage of the optional coverage and then collides with another driver that also chose to invest in such coverage. In that case, both drivers would have chosen to be covered by the optional Endorsement.
Because those 2 drivers had made the same decision, each would be covered up to the same level, following the occurrence of a collision. Consequently, SEF 44’s activation would not take place. The insurance companies covering the 2 different drivers would not need to activate usage of that particular option. Of course, that would not lower the same option’s value.