As an ancient and aluminum of the American president Donald Trump price Start, Canadian companies are trying to prepare as best they can.
“We will certainly notice the increase … Our parts of the parts will increase,” said Kevin Fujita, coaldale CSN Kustom coaldale coalist.
He says that his business in southern Alberta will be assigned and that customers will unfortunately have to absorb any increase.
“In our industry, we are fortunate to have insurance work where most of this cost, unfortunately, is transmitted to the consumer and the insurance company which will eventually get out of the customer’s pocket.”
This was taken over by Aaron Sutherland, vice-president of the Canada insurance office, indicating that 25% steel and aluminum prices declared on Monday may have a general effect.
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“This steel, this aluminum, is what is happening in the parts and vehicles that the United States make and refer to this country. Of course, as a price of these increases, this will be reflected in the cost of automotive insurance complaints and it is the biggest article in your car insurance premium, “said Sutherland.
“So, all kinds of trade war, even something that only applies to steel and aluminum, is extremely worrying.”
Alberta has certain consumer protections concerning insurance in place, but Sutherland says that there will still be impacts on the daily driver.
“Here in Alberta, the government has imposed an automobile insurance rate ceiling. This prevents insurers from reflecting the increase in the price of things such as changes in the price of vehicle parts, materials, things of this nature.
“What protects consumers from some of the direct impacts here, but what it does is forcing automotive insurers to reduce their offers, because if they cannot at the price, they are not in measure to sell it. “
The uncertainty of this means that companies must be prepared.
“We must deal with the car by car, nobody per person and as I said, so as not to repeat myself, but we are just lucky in the industry, we are in that we have the network of insurance To take care of this in this way we can simply continue our day in day and simply ride with the punches, so to speak, “said Fujita.
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