Changes to Ontario insurance rates may result in lack of insurance for personal injuries, Ottawa Lawyer David Hollingsworth

Ontario Insurance Claims Lawyer, Ottawa Personal Injury Lawyer David Hollingsworth

IMPORTANT TIPS FOR YOU AND YOUR FAMILY RE: ONTARIO’S NEW AUTO INSURANCE RATES

Hello everyone, I would like to share a quick note with you regarding Ottawa’s new auto insurance policy and what it will mean for you and your family, which is set to change for September. I am urging all my family and friends to be careful not to blindly accept the lowest possible Ontario auto insurance coverage just to save a few bucks – get the facts to be informed!

THE FACTS

Basically, the new policy acts to lower the minimum required rehabilitation coverage in our province by 50%, from $100,000 to $50,000. Furthermore, your coverage for the treatment of minor injuries now has a cap of $3,500. Settling for the new basic insurance package could mean that you or your loved ones are left to suffer after a personal injury in our province, without the adequate rehabilitative services that you will require. There could be a slight dip in auto insurance rates for some drivers when the new rates kick in, but depending on how, where, and why you drive (and who insures you), the average decrease in Ontario auto insurance will be somewhere in the realm of 0.01% to 7%. This means that you could see no change at all in your rates, but would still lose out on important features that would protect you in the event of an auto accident – a time when you will require as much help as possible to help you in your recovery.

$3,500 CAP for “MINOR INJURIES”.

The cap of $3,500 is not adequate in any way to deal with the majority of minor personal injuries, especially given that so called “minor” injuries can become worse over time. The new policy defines minor injuries to include such things as a sprain, strain, whiplash, contusion, abrasion, laceration, partial dislocation of a joint or organ and any pathological condition resulting from a personal injury. This list is not inclusive enough to include many coverage benefits that you will require and I would recommend to you that you read your terms carefully to ensure that you can keep the current accident benefits, because although you will be paying a bit more, it will act to protect you by safeguarding your interests. I estimate it would cost approximately $150 more per year on a one-driver, one-vehicle plan, depending on the insurance company. If you consider the benefits this is a good choice, because even though it seems like you’re paying a bit extra of your hard earned cash, consider the enormous costs of treatment you would lose out on if you experience personal injury from an auto accident and are left to handle all the financial costs for yourself. Drivers in Ontario with an existing policy will receive the same coverage after September 1st, until that policy expires. Those are the facts to consider. Ultimately, my hope is that you and your family will continue to be safe and will have the coverage that you need if you are ever involved in the unfortunate circumstance of an auto injury.  Please be safe and take care.

Ottawa personal injury lawyer David Hollingsworth has been dedicated to helping Ontario accident victims and their families get the support and help needed for their personal injuries. With over a decade of experience, David has forged strong relationships with medical doctors, social workers, psychologists, occupational therapists, physiotherapists, other treating health practitioners and the support network involved with his clients. David is happy to discuss all Ontario accidents and can help  determine what one needs and is entitled to when rebuilding a life after an accident, free of charge 613 978-9549 or 613 237-4922 ext 203 or visit www.ottawainjury.ca for more information.


Watch out for Ontario Changes to Car Insurance.. Ottawa Lawyer David Hollingsworth

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.