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ARTICLE · 18 NOVEMBER 2024

Important Changes To Automobile Insurance

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On October 16, 2024, the Ontario Government confirmed an amendment to the Insurance Act, and, more specifically, to Ontario Regulation 34/10: Statutory Accident Benefits Schedule...

CanadaInsurance
Anna Stoll
Anna Stoll
Lauren Cullen
Lauren Cullen
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On October 16, 2024, the Ontario Government confirmed an amendment to the Insurance Act, and, more specifically, to Ontario Regulation 34/10: Statutory Accident Benefits Schedule (the "SABS").

The SABS is legislation that mandates a certain level of insurance coverage for those injured in motor vehicle accidents in Ontario. This coverage is available regardless of fault.

The current system

Under the current system, the SABS offers a set of benefits automatically included in all standard automobile insurance policies. These benefits provide essential financial support for those injured in automobile accidents and include:

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