Insurance

Important Changes to Your Auto Insurance Policy

The Ontario Government recently introduced new reforms to the Ontario Automobile Policy effective September 1, 2010. The intended purpose was to provide stability in the long-run for both insurance companies and policy-holders alike, and to provide consumers with more choice to purchase coverage that best meets their needs and budgets.

For more information, please read the following documents:

Still have questions? View the Auto Insurance Reform FAQ below or call us at
1-877-670-6222.

Auto Insurance Reform FAQ
Q:
Has the standard coverage available to me under Accident Benefits changed or reduced?
A:

Yes. Depending on your injury there are certain heads of coverage available under the old Accident Benefits that will no longer be available under the new Accident Benefits. Also there has been a reduction of certain benefits.

Q:
Which benefits are no longer available as part of the standard package?
A:

The Housekeeping and home maintenance benefit and the Caregiving benefit are no longer available as part of the standard package unless you suffer a catastrophic injury or unless you have purchased these benefits as part of the Optional package.

Q:
Which benefits have been reduced with the new Accident Benefits?
A:

The limit for standard Attendant Care has been reduced from $72K to $36K. Also, the limit for Medical and Rehabilitation benefits has been reduced from $100K to $50K. Assessments (not arranged by the insurance company) also come out of the Medical and Rehabilitation limit of $50K.

Q:
Have there been any changes to my Income Replacement Benefit?
A:

Income replacement calculations have changed however the standard benefit still pays up to $400 per week if you are not able to return to work.

Q:
If I have children do I need to purchase the optional benefit for Caregiver benefit since this is no longer standard?
A:

This depends on whether you are the primary caregiver of your children and whether your children actually require care that you would not be able to provide if you were in an accident. Things to consider are the age of your children, maturity level, whether they have a disability etc.

Q:
If I do not purchase optional housekeeping and home maintenance in the case that I am injured in an accident who will do my household chores? I live alone and my family is too far to come and help me?
A:

If you have not purchased the housekeeping and home maintenance optional benefit you will only be able to access this coverage in the case you have suffered an injury that is deemed catastrophic. If you are unable to rely on someone else to perform your household chores while you recover from your injury you may consider purchasing this optional benefit.

Q:
How do I know whether I need to increase my limit for coverage under Medical and Rehabilitation (Med/Rehab) benefits and/or Attendant Care benefit?
A:

These limits have been reduced from what they were under the old Accident Benefits and can now be increase to Buy Back (level 1) which offers you $100K in Med/Rehab and $72K in Attendant Care benefits. The Enhancement (level 2) offers $1.1 million in Med/Rehab and $1.072 million in Attendant Care (this is a combined aggregate limit). In determining whether you should purchase increased limits you should consider such things as whether you have coverage available to you under other policies (through extended benefits through work) and whether you have existing health issues that could be a barrier to recovering from your auto accident injury.

Q:
What if I want to buy Optional Benefits to increase my coverage?
A:

Contact CAA as this is available for you.

Q:
What if I have other questions?
A:

Call us at 1-877-670-6222. We're here to help you answer those questions.