As of June 1st, 2016 the Ontario Government has implemented changes to auto insurance in an effort to reduce fraud and stabilize insurance rates. The changes include some accident benefit coverage reductions, as well as new customizable coverage options to better fit your lifestyle needs.
At Mass, we’re committed to ensuring your coverage matches your needs and now is the time to review your options. Below is an overview of the changes to Ontario Auto Insurance. For full details go here (pdf), or speak with your Mass Broker today.
Changed as of June 1, 2016
Now Available: Options to increase benefits
No Change
Now Available: Option to purchase
No Change
Now Available: Option to purchase
No Change
Now Available: Option to increase benefit
No Change
Now Available: Option to purchase benefit
No Change
Now Available: Option to increase benefit
No Change
Now Available: Option to adjust annually
No Change
Now Available: Option to reduce deductible
As your lifestyle changes, so do your coverage needs. Here are some examples of lifestyle questions to ask yourself when considering the new options available.
Consider increasing your Income Replacement Benefit to $600, $800 or $1,000.
Consider extending your Caregiver Benefit and/or adding a Dependant Care Benefit.
Talk to your administrator to find out what you’re covered for and consider increasing your Medical Rehabilitation Benefit. Most benefit packages are limited to $500 a year per practitioner, and OHIP doesn’t cover things like occupational therapy, private nursing and psychology.
SAVE UP TO 30% ON YOUR INSURANCE TODAY
59 Main Street, North Markham, Ontario, L3P 1X7
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