In September 1989, the Ontario government announced its intention to introduce no-fault insurance; that came into effect in June 1990.
Tort litigation restrictions were introduced to limit the skyrocketing claims costs impacting rates at that time.
Accident benefits were expanded and new sections were introduced.
The intention was this new accident benefits format would deal with an estimated 90% of the traditional tort litigation claims.
Optional Accident Benefits were made available for the consumer to customize the policy to fit their lifestyle.
A new form of collision coverage was introduced to address the "not-at-fault" physical damage scenario, now known as Direct Compensation.
Changes were profound for Ontario citizens involved in an accident.
A claim would now have to be filed with their own insurer.
At fault, not at fault, no-fault would now determine which section of your policy responds.
The coverages you bought will be what you are entitled to.
The Insurer you bought them from will provide the majority of your claim benefits.
Reforms have been introduced over the years, addressing new issues, rate increases, and benefits limits/definitions.
Increased Insurance fraud detection implemented, reduced benefits limits made, all of which affect you, your family, premiums & benefits.
Understanding the coverages you have will help you maintain a quality lifestyle in the event of an accident.
The importance of an Insurance Broker has never been greater.
Our brokers servicing the
Alliston area are ready to help you by getting to know you and your lifestyle needs, informing you, and working within your budget to best serve you.
We want to provide knowledge and guidance to best suit your auto insurance protection.
We offer services for a variety of risks. Private passenger, Business, Commercial, and Fleet type uses.
Bundle coverages and enjoy additional discounts. Get the best protection at the best prices.
For a no-obligation quote select here.
Refer to the
Automobile Insurance policy (OAP 1) Forms for full details
