Most people do not understand the fine print in their
automobile insurance policy, they just look at the last line that
tells them how much they need to pay and assume they'll be
protected in the event of an accident. But do you and your family
really have adequate coverage?
In June 2016 new legislation drastically reduced the
minimum insurance coverage Ontarians receive for medical and
rehabilitation benefits as well as attendant care. Insurers gave
consumers the option to buy back these benefits. But if you
don't understand the policy in the first place, you won't
understand what you lost and why it is so important to purchase
these benefits back.
Prior to the change, injured parties had access to
$50,000 for medical and rehabilitation benefits and $36,000 for
attendant care. Since June 2016, you now only have access to
$65,000, in total, for both benefits. While this
may still seem like a lot, however, a simple ankle fracture could
easily exhaust the benefits
