Ontario's Liberal Government promised to cut car insurance
rates prior to the last election. On June 1, 2016 rates will indeed
go down, but at a significant cost to accident victims. Instead of
asking insurance companies to cut their own costs in order to
reduce rates, the Government and insurance industry decided to
drastically cut benefits for some of the most seriously injured
people in this Province.
When you pay for car insurance, you are paying for peace of
mind; if you or a member of your family are ever hurt in a car
accident you believe you'll have access to necessary treatment
and care to help during the recovery process. But, the changes
mandated by the Government of Ontario will take the current limits
of $2 million for Medical & Rehabilitation and Attendant
Care benefits available for individuals catastrophically
injured in a car accident and slash them in half, down to only $1
million. While the average driver may have seen premiums drop by a
total of 10% over the past couple of years, $1 million in security
is a lot to give up for the small savings.
Meanwhile, for individuals with injuries that are not
catastrophic, the Medical & Rehabilitation and Attendant
Care benefits will also be combined and reduced from a total
of $86,000 over 10 years, down to $65,000 over 5 years.
Cutting benefits and coverage means you and your family may not
be able to receive the quality of care and treatment that you will
need to recover, and to regain the quality of life you deserve
Unfortunately, lack of awareness means that most people in
Ontario will not learn about these changes until they need to
access the insurance benefits. And at that point, it will be too
late to get additional coverage.
As a personal injury lawyer, the worst thing that you want to
hear from a client is "I didn't know ... I didn't know
that I wasn't covered."
What can you do about it?
Be proactive! Call your insurance company or broker to ensure
you have coverage for Optional Benefits for Medical
Rehabilitation & Attendant Care added back to your policy.
For the cost of a few cups of coffee a month, you can make sure
that you and your family are protected. This additional coverage is
not expensive, and will give you back the benefits that are now
being cut from the basic policy.
You have no choice but to carry insurance. You do have a choice
to carry more insurance to close this new gap.
For your own peace of mind, don't get caught without enough
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