Private insurance companies should not be scared of competition.
This from a local rural director who’s part of a push from regional districts across the Columbia Basin to get the province involved in home insurance.
Area I Director Andy Davidoff says they want to explore ICBC or perhaps the Columbia Basin Trust coming on board …or even the umbrella body that already insures local government assets.
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Rural homeowners face up to a quadrupling of premiums because the Fire Underwriters Survey now figures those homes are too much of a response-time away from a fire hall.
The ICBC home insurance option was in front of the UBCM convention delegates today and was endorsed.
