Understanding The June 1st Changes To The Statutory Accident Benefits Schedule

As of June 1st, 2016, auto insurance in Ontario is going to undergo a change, with major revisions to no-fault benefits (statutory accident benefits). Announced on August 31, 2015, the new Statutory Benefits Schedule will be implemented for each driver upon the renewal of their policy after June 1st. But what does this mean to you as a driver, and how will it affect you?

These new revisions to the Statutory Accident Benefits Schedule drastically reduce benefits. One of the more severe examples of the cuts is to the non-earner benefit. This benefit was available to a non-earner after a 6 month initial waiting period but was payable for so long as a complete inability to carry on a normal life was demonstrated. Now – while this weekly benefit becomes payable after a four week waiting period – it will be paid for only a two-year maximum.