On September 1, 2010, the Ontario government introduced new Auto Insurance Policy laws, Ontario consumers now have more choices when it come to their vehicle insurance coverage and premiums.  In fact, you may have already received a letter in the mail from your insurance company which includes a brief description of these changes made. You should be receiving at least two more pieces of information in the mail which will be more detailed.  Currently your insurance policy is comprised of a set amount of basic coverage options, however after September 1st those basic coverage options changed. You now have more choices in the future which will affect how much you will be paying on premiums based on coverage needs of your particular driving profile.

To help you better understand the most important changes and your options, we’ve summarized the major coverage categories of your policy and how they will be affected when the new laws come into effect.

Medical, Rehabilitation and Attendant Care (for non-catastrophic injuries)

Previously:
This coverage includes up to $100,000 for medical and rehabilitation benefits.   For attendant care, there is coverage of up to $72,000

After September 1st:
Basic coverage will include up to $50,000 with the option to purchase up to $1,100,000. Under the new set of changes for attendant care, basic coverage will include up to $36,000 with the option to purchase more.

Medical, Rehabilitation and Attendant Care (catastrophic injuries)

Previously:
Coverage includes up to $1,000,000 for medical and rehabilitation benefits.

After September 1st:
Coverage will continue to include up to $1,000,000, but you will have the option to purchase more.

Caregiver Benefit

Previously:
This benefit provides payment for some expenses incurred when you are not able to continue being the primary caregiver to any dependents in your home in need of care.  This is available for all injuries.

After September 1st:
This benefit will only be available for catastrophic injuries. You will, however, have the option to purchase this coverage for non-catastrophic injuries.

Housekeeping & Home Maintenance Expenses

Previously:
This benefit covers any expenses for housekeeping or home maintenance in the event you are unable to do these tasks yourself.  This is available for all injuries.

After September 1st:
Your coverage will only apply for catastrophic injuries. However, you will be able to purchase this coverage for non-catastrophic injuries.

Income Replacement Benefit

Previously:
This coverage replaces 80% of your net income up to a maximum of $400 per week.

After September 1st:
Basic coverage will replace 70% of your gross income up to $400 per week. You will have the option to purchase additional coverage for up to $600, $800 or $1000 per week.

For more details on how the changes affect you, please contact one of our experienced Personal Injury Consultants toll free 1-877-386-2113