Ontario Accident Benefits Insurance Claims David Hollingsworth Personal Injury Lawyers. The Ontario insurance regime is one of the most complicated insurance regimes in North America. When it comes to car insurance, you certainly don’t want to scrimp but you always don’t want to pay extra money if it’s not needed. Sadly, when it comes to choosing optional accident benefits, many people will automatically settle for basic coverage. As an Ottawa personal injury lawyer, I can tell you, this may be a huge mistake.
Now, the truth is hopefully you will never need to access your accident benefits . Great ! If you do however get injured in an accident, you may find yourself unable to work, injured, in a home that needs modifications and that’s when you want to make sure you have access to as much accident benefits compensation as possible. Sadly, most people don’t really know what their accident benefits insurance coverage is until they really need it.
A basic auto insurance policy in Ontario contains far less accident benefits coverage than a policy where the “top-ups” have been purchased. Along with this decrease in benefits comes a decrease in yearly premium payments. Many will opt for this. I would caution you not to. I urge everyone to speak with their broker and find out what optional benefits are available to you and at what cost.
For instance the Medical and Rehabilitation Benefits jump from $100,000 to $50,000 or possible even $ 3,500 if you have purchased the optional benefit.
If you purchase additional accident benefits, you can be entitled to Housekeeping Benefits and Caregiver Benefits , which have been eliminated in the basic policy.
Attendant Care Benefits are another optional benefits that can be purchased and allow you to have access to $72,000 instead of $36,000. You may have access to additional accident benefits through your work and in this case may not require purchasing additional accident benefits.
It’s important to know what options you have and choose what’s best for you and your family. Another important piece of information you need to know is that if you have more than one vehicle, you only need to purchase these additional accident benefits for one vehicle only.
In my opinion, the top up amounts are well worth it. An average vehicle can purchase most additional accident benefits for under $200 a year. That $200 a year translates to a significant amount of money if you need, when you really need it. I cannot tell you how many personal injury cases I have settled where people have given additional much need funds and they are so thankful that they purchased those additional accident benefits. Talk to your broker about what options you have and what accident benefits are available to you. To read about some of the accident benefits settlement amounts we’ve secured for our clients visit http://www.ottawainjury.ca/cases