Bid to increase insurer liability payouts for road accidents
A proposal to boost insurance payouts for road accidents have been put before Parliament.
The legislation, an update to a law passed in the 1940s, seeks to increase insurer liability for anyone travelling in a car or “a public carriage”.
The insurer liability for anyone in a car would increase from $125,000 to $375,000.
Insurer liability for the total claims for any one accident for each vehicle involved would rise from $500,000 to $750,000 under the Motor Car Insurance (Third-Party Risks) And Public Carriage Amendment Bill.
The liability from the “death or bodily injury to any person being carried in, or entering onto, or getting into or off of a public carriage” would increase from $125,000 to $375,000.