Ontario Auto Inusrance- Changes to come by: Tina McAuley

Ontario Auto Insurance- Changes to come

 

 

On April 11th, 2019, Ontario’s Government released their budget for the province, if you carry auto insurance be prepared.

 

The blueprint looks to increase accessibility and affordability, Ontario drivers should see more choice when deciding which auto insurance coverage suits their needs. The insurance companies will be facilitating electronic communication making it faster and simpler to deal with your auto insurer.  Drivers will have a choice to lower their premiums by allowing insurers to consider their credit history, by agreeing to use preferred providers for their auto repairs and healthcare services.

 

The budget promises a return to the $2,000,000.00 for those who suffer a catastrophic injury this was previously changed to $1,000,000.00 in 2016. The government is also seeking to improve access to early treatment with a focus on mental health issues arising from what would be considered a less severe collision.

 

The government is proposing a “Care, Not Cash” default clause, this will prevent the injured person from settling out their accident benefits claim for a lump sum, ultimately  leaving insurers stuck in a lengthy, frustrating system. It will also require that every session of treatment they receive be approved by the insurer in advance and within healthcare facilities chosen by the insurance company.  Ultimately you will be giving up your right to choose where you would like to attend treatment, you may find these treatment facilities work for the insurance company and may not have your best interest at heart.

 

While this budget certainly seems to support some positive changes, the changes also present issues for drivers who will opt for a cheaper premium without fully grasping what they are giving up in doing so.  

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