Auto insurance policies can be confusing. Many people may not have a clear understanding of what their policies actually cover. After a crash, drivers are often surprised to find out that their insurance will not cover all of their damages. They may have to pay out of pocket to help make up the difference.
Below, our lawyers at Greg Monforton & Partners discuss the kinds of damages that basic auto insurance policies may not cover, the minimum amount of auto insurance required in Ontario and why it may be worth purchasing higher levels of coverage, especially in the event of a serious accident.
An initial consultation is 100 percent free, completely confidential, and comes with no legal obligation. It costs nothing to have a lawyer review your claim and determine your eligibility for compensation after being injured in a crash. Our firm works on a contingency fee basis. There are no upfront fees involved.
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Ontario has a no-fault insurance system. This means that you will need to go through your own insurer to help cover your damages after an accident – regardless of who was at fault.
However, if you have basic auto insurance coverage, your insurer may not compensate you for certain damages after filing a claim. These damages may include, but are not limited to:
Ontario law requires all drivers to have auto insurance. The mandatory minimum amounts are as follows:
You may want to consider purchasing additional optional coverage or endorsements for added protection. The following coverages can be bought when seeking auto insurance for the first time or when renewing your policy:
This coverage helps pay for repairs to your vehicle if you have been in an accident. It is similar to direct compensation – property damage coverage except that you must be 100 percent not at fault for causing the crash. However, in order to file an insurance claim through your collision coverage, you must be found at least partially at fault. There is typically a deductible involved.
This coverage can help pay for the loss of your car or repairs to it for reasons that do not involve a crash. It can also help cover damages if your vehicle is stolen, vandalized or if a tree falls on your car after a storm. There is typically a deductible involved and it will not affect your premiums at renewal time.
This coverage is similar to comprehensive coverage in that repairs are not covered for crash-related damages. However, it does not cover as many risks. Specific perils coverage will only cover damages specifically listed in the policy. Examples may include damage caused by fire, theft or adverse weather.
This coverage is a combination of both collision and comprehensive coverage. It covers everything in these policies, including loss or damage caused if someone who lives in your home steals your car.
If you operate cars that you do not personally own, this endorsement extends physical damage coverage to any car being rented or borrowed. There is typically a deductible involved.
This endorsement extends coverage to a vehicle that you drive but is owned by a leasing company.
This coverage can help protect you or an eligible family member. For example, if you are involved in an accident caused by another party, if the negligent driver involved has insufficient or no insurance or if the other driver cannot be identified or located, such as in a hit-and-run accident.
If you have been injured in a crash and are unsure about the terms of your auto insurance policy, it is important to review your coverage and discuss it with an experienced car accident lawyer in Windsor.
We are prepared to handle all communications negotiations with the insurance company on your behalf to help obtain the maximum compensation possible.
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