ARTICLE · 27 JANUARY 2026

Understanding How Statutory Deductibles And Thresholds Impact Your Vehicle Accident Claim

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Automobile insurance exists to provide financial protection against losses from vehicle accidents, theft, or damage. It is a concept that is simple enough to understand.

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Charles Gluckstein

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Automobile insurance exists to provide financial protection against losses from vehicle accidents, theft, or damage. It is a concept that is simple enough to understand. However, in practice auto insurance is a social and legal construct that can be quite complex and confusing.

For example, in Ontario various financial "thresholds" and "deductibles" are set in place that determine whether or how much an individual can claim for personal injury compensation following a motor vehicle accident (MVA). And each year, Ontario's Financial Services Regulatory Authority (FSRA) increases those statutory deductible amounts and thresholds.

Damages for pain, suffering, loss of enjoyment of life.

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