Featured Speaker: Patrick Malone
Happy New Year!
Insurance companies to take even more in 2020 if you’re injured in a crash!
But, shhhh! It’s a Secret!
They Don’t want you to know that it’s almost $40,000!
Every year, the Financial Services Regulatory Authority of Ontario increases the auto insurance Secret Deductible on your pain and suffering damages if you’re injured in a car crash.
Four years ago, the Liberal government made changes to insurance that allow insurance companies to index the Secret Deductible on these claims. Those increases are locked in and will happen every year just as we have seen steep increases in insurance premiums in the last few years. Profits for insurance companies are up, too! The only part of your insurance policy that does not increase is your coverage. You are literally paying more and more and are getting less and less.
Ontario’s auto insurance is seriously broken and the secret deductible is one of the main reasons why!
2020 OTLA Member & Safety Leadership Awards
Submission Deadline :
February 10, 2020
The Connection Between Statutory Accident Benefits and Tort
Ontario motor vehicle accident legislation is a confusing area of personal injury law for many victims of a car accident. It is important for people to understand their available options for compensation through accident benefits and tort, and how these particular options interplay with each other.