Increased Optional Accident Benefits

Medical & Rehabilitation Benefit and Attendant Care

The standard benefit pays up to $65,000 for medical, rehabilitation and attendant care expenses for non-catastrophic injuries.  If catastrophically impaired, the standard benefit pays up to $1,000,000 for medical, rehabilitation and attendant care expenses.

You have the option to increase the coverage to

  1. $ 130,000 (non-catastrophic)
  2. $ 1,000,000 (all injuries)
  3. $2,000,000 (catastrophic)
  4. If you purchase both options 2 & 3 the total available for Catastrophic injuries becomes $3,000,000.

Caregiver, Housekeeping and Home Maintenance Expenses

The standard caregiver, housekeeping and home maintenance expenses benefit is available for a person who is catastrophically impaired.  You can purchase an optional benefit to provide this coverage for all impairments.

Income Replacement

In the event you are injured in an automobile accident and cannot return to work, you may be eligible for Weekly Income Replacement. The Standard Benefits provides 70% of the gross income up to $ 400 per week.

You have the option to increase the weekly limit to $ 600, $ 800 or $ 1,000.

Is your income close to or greater than: Consider an Income Replacement Benefit at this level:
$30,000/year $600/week
$45,000/year $800/week
$60,000/year $1,000/week

Dependant Care Benefit

The Standard Accident Benefits does not provide coverage, but you have the option of purchasing up to $ 75 per week for the first dependant and $ 25 per week for each additional dependant up to a maximum $ 150 per week. The Dependant Care pays for additional expenses incurred to care for your dependants if you are employed and injured in an auto accident.

Death and Funeral Expenses

In the event there is a death as a result of an auto accident, there is a $ 25,000 death benefits paid to a eligible Spouse and $ 10,000 for each dependant child. There is also a funeral benefit of $ 6,000 maximum.

You have the option to double the death benefits to $ 50,000 and $ 20,000 respectively as well as increase the funeral benefit to $ 8,000 maximum.

Indexation Benefit

This optional coverage will provide an annual adjustment for inflation for many benefits according to the Consumer Price Index for Canada to your policy.

Tort Deductible

If you are injured in a automobile accident and are awarded a settlement by the court, for pain and suffering, there is a standard deductible that applies to the settlement.

You have the option of reducing the deductible by $ 10,000.

 

For more information on the changes to Standard Accident Benefits and your options for Increases please visit:  http://www.fsco.gov.on.ca/en/auto/brochures/Pages/brochure_changes10.aspx