Ontario drivers thinking they have enough automobile insurance coverage to protect them against a major accident are sadly mistaken in light of the government’s automobile insurance changes, which kick in June 1. Mandatory automobile insurance coverage was designed to protect you in two ways: • By covering your expenses if you were badly hurt in … Continued
Ontario drivers are legally required to purchase automobile insurance that includes overpriced, no-fault accident benefits coverage. If you look at your automobile insurance invoice, you will see that some 25% (or roughly $350) of your annual automobile insurance premiums are specified to be in relation to your mandatory purchase of these no-fault accident benefits. With … Continued
Finance Minister Dwight Duncan wants lawyers, insurers and other critics to agree on fair and affordable changes to Ontario automobile insurance. But the process is getting off to a rocky start, with lawyers and insurers taking pot shots at each other, and with little participation from premium-paying motorists. View source article.