Every time we get behind the wheel we assume that we’re safe; we don’t anticipate being involved in an accident when we head out for groceries or pick the kids up from school. Unfortunately, a lack of foresight and proper planning can lead to devastating consequences in the event of a motor vehicle accident if you do not have the proper level of auto insurance to protect you and your family while you recover from your injuries.
In Ontario, it is mandatory for everyone who drives a car to carry at least a minimum amount of car insurance. For most people, carrying the minimum is not really enough. Ensuring that you have sufficient liability coverage is one of a number of choices and decisions you will need to make when purchasing the right amount of coverage for yourself, your family, and your budget.
If you haven’t gone over your coverage since the changes made in September of 2010 it would be a good idea to do so now. Many of the benefits that used to be automatic as part of your coverage were made optional. If you’re unsure of your current coverage, call an insurance broker right away.
It can be complicated and overwhelming to figure out what optional benefits you need and want as part of your coverage. It helps to go over everything with a broker who can explain each product and answer any questions you may have.
In addition to the minimum liability amounts, you have the option to purchase additional insurance. Statutory Accident Benefits (SABS) are your first line of defense after a car accident to support you as you recover and will help you pay the bills if you are unable to work.
You might be wondering what basic auto insurance requirement are for Ontario. Mandatory coverage in order to drive in Ontario must include the following:
Coverage for accidentally causing injury or damage to someone else or his or her property. This is known as third party liability coverage.
Accident benefits provide statutorily designated coverage for supplementary medical, rehabilitation, and income replacement benefits.
You can claim damage for your own automobile when an accident is not your fault with direct compensation.
Uninsured/unidentified driver coverage protects you and your family if an uninsured or unidentified driver injures you, even if you are a pedestrian or bicyclist.
Talk to your insurance broker or call James~Campbell about optional supplements to your coverage.