Insurance Claims Lawyer
Ottawa Ontario Insurance Claims Lawyer David Hollingsworth Ottawa Accident Lawyer, Ottawa Personal Injury Lawyer David Hollingsworth- ..I know I keep harping about the upcoming changes to Ontario car insurance, but I am concerned and want to make sure you have a clear picture of what is going on for Ontario drivers. It is important that you make an informed decision, when it comes to renewing your Ontario car insurance…
A serious personal injury claim is much more expensive than the cost of most vehicles. The most serious of personal injuries are not common, but could cost more than several vehicles. Personal injury is reported in 54 % of private passenger car (this includes motor vehicles) accidents covered by car insurance. Nearly 1/2 of those personal injuries are more than minor.
Insurance claims companies reported 71,803 personal injury claims for Ontario accident benefits among the 138,568 property damage and collision claims involving Ontario’s more than 6 million insured, private-passenger vehicles in 2009. What does this mean? Based on the figures Dominion reports, there would have been nearly 39,000 minor personal injuries, more than 30,000 more serious personal injuries and more than 5,500 of the most serious personal injuries. It’s important that drivers become more familiar with the Ontario personal injury coverage they now get with the mandatory portion of their car insurance, and what amounts they will soon have the option to buy.
Ontario Drivers renewing their car insurance after Sept. 1, 2010 may choose to buy $50,000 of medical and rehabilitation coverage, or pay extra to continue to have $100,000 over coverage for personal injuries that are neither minor nor catastrophic personal injury.
Ontario is the only province with privately delivered insurance that allows the purchase of additional coverage. It will still be possible to buy $1 million of medical coverage instead of either the $50,000 or $100,000 limit. No matter what amount of coverage you have now, or choose to buy later, there will be a $3,500 limit on coverage for treatment of most minor personal injuries starting Sept. 1.
Other coverages, such as for housekeeping and child care while you are injured, will become optional and at an additional cost. In my opinion, as an Ottawa Ontario personal injury lawyer, if you can afford this, it is well worth it, when you need it most. The Financial Services Commission of Ontario (FSCO) is expected to release its next quarterly report on the averages of approved rate changes sometime this month. Some time after that, Ontario insurance claim agents and brokers will be able to tell Ontario insurance policy holders about the sort of rate changes they are facing.
Many Ontario insurance companies have already begun publicizing these new changes and how they may “save” you money, when renewing your Ontario insurance; however keep in mind that the reduction you might face in payments, is minimal to the reduction you may face if ever you are involved in an Ontario car accident and have serious personal injuries. Remember, the personal injury coverage is far more important than the coverage on your vehicle.
Please pass this on to anyone in Ontario who walks, drives, bikes, or rides !It affects us all..
If you have any questions, or need more information, visit www.ottawainjury.ca I would be happy to answer any other questions you may have,
David Hollingsworth, Ottawa Personal Injury Lawyer, serving Alexandria, Arnprior, Belleville, Brockville, Clarence Creek, Cornwall, Embrun, Gananogue, Hawkesbury, Kemptville, Kingston L’Orignal, Morrisburg, Napanee, North Gower, Pembroke, Perth, Peterborough, Picton, Prescott, Renfrew, Richmond, Russell, Smith Falls, and Tweed and all cities, communities, districts, municipalities, regions, towns, townships and villages in between.
Among a number of significant changes to the current Ontario accident benefits regime , the Financial Services Commission of Ontario is considering the following changes to the tort regime (suing the at fault driver) in Ontario which would provide greater access and a more equitable and fair system of compensation and rehabilitation for victims of motor vehicle accidents:
Release of 5 Year Review of Auto Insurance by FSCO
The 5 year review of auto insurance in Ontario was released today by the Superintendent of FSCO. The report contains 39 recommendations for auto insurance reform with a focus on achieving savings from accident benefits. From my perspective , they are very serious recommendations that severely impact Ontario drivers.
Some of the suggestions include:
1. A reduction on the deductible on non-pecuniary general damages from $30,000 to $20,000;
2. A reduction on the deductible on Family Law Act claims from $15,000 to $10,000:
3. Eliminating a $15,000 deductible for fatal accident claims,
4. Revoking the regulation defining the Verbal Threshold.
You have a right and a say. Please consider contacting your local MPP to discuss these changes and voice your concerns. The rights of Ontario accident victims need to be heard and most of all protected. You may not think this is important, but believe me , should you ever become seriously injured, it will be more important than ever that you have a clear understanding of what accident benefits you are entitled to, as well what deductibles you will be required to pay. The injuries caused by accidents not only bring about pain, they can bring very significant costs as well for medical treatments not covered, as well as lost income from work in some cases.
My personal injury lawyer team and I will continue to watch closely the changes, development and implementation of Ontario’s proposed changes and work to ensure justice for accident victims’ to receive fair compensation for their losses and suffering.