Ontario Car Insurance: What You Need to Know
All too often, car owners only find out what’s covered in their auto insurance policies after being involved in an accident.
Don’t wait until you need the benefits to find out what you’re entitled to!
When you’re unsure, a personal injury lawyer can help you navigate the system in order to receive the compensation you deserve.
You should be aware of the kinds of damages your car insurance policy covers before you need them.
While each company is different, there are some commonalities in the damages covered by car insurance companies, as well as the add-ons that you can consider to supplement your policy.
Minimum amount of car insurance required in Ontario
To legally drive in Ontario, there is a minimum amount of insurance you’re required to purchase.
- $200,000 of liability. Liability insurance pertains to the cost of bodily injury or property damage experienced by the other party involved in the accident.
- Accident benefits. This benefit is for damages such as lost wages, medical expenses, and any other payments made, regardless of who is at fault.
- $200,000 of uninsured automobile. The purpose of this coverage is for damages resulting from an accident with a negligent driver who is not insured.
- Direct compensation. This covers damages to your car due to another party’s negligence.
Damages not covered
In order to know what supplements you may want to add, you have to understand what’s not covered by your car insurance policy:
- Theft. Losses due to theft or vandalism are generally not covered by a basic insurance policy. You’ll need comprehensive coverage to cover these damages.
- Car damage. If your car is damaged or destroyed in an accident, basic coverage will not pay to repair or replace it. Collision coverage is necessary to protect yourself in the event you hit another car or a stationary object and your car is damaged.
- Loss of income/wages. Basic car insurance policies provide limits on the amount of compensation you’ll receive if you are unable to work as a result of a car accident. Any additional amount can be obtained after filing a personal injury claim or lawsuit against the insurance company or a negligent driver.
- Pain and suffering. Standard car insurance policies do not compensate car accident victims for pain and suffering or any other psychological damages. You can obtain these forms of damages after filing an injury lawsuit against the negligent party.
An accident can take a large toll on you, physically and financially.
Supplemental insurance can help cover some of the gaps left by basic coverage.
Add-ons to consider
You want to be fully protected in the event of an accident or other vehicle damage or loss.
You may want to supplement your basic policy with one of the following forms of insurance:
- Comprehensive coverage
- Collision coverage
- All perils
- Increased liability coverage
- Increased accident benefits
- Rented or leased vehicles (OPCF 5)
- Loss of use (OPCF 20)
Talk to your insurer about the kinds of policies that are suitable for you based on your unique needs.
He will consider your lifestyle, environment, and even the type of car you drive before recommending insurance add-ons.
If you have been involved in an accident, regardless of who is at fault, speak to a lawyer and get a copy of your insurance policy to know what it covers.
Discuss all the details of your case with an Ottawa personal injury lawyer.