Ontario Municipality Water Damage Prevention Programs:

 

July 2016

In case of Canada Post Strike

To our valued clients,

Rest assured, our service to you remains our highest priority. In the event of a strike, wherever possible, we will email documents and & invoices, or we will contact you directly to discuss other options. With respect to payments, you have the following alternatives to mailing them in

  • Online banking
  • Online credit card payment through link on our website
  • Dropping off payment by cheque in person at the office

June 2016

Important Changes To Your Auto Policy:

Accident Benefit Changes, As of June 1st 2016

READ ABOUT THESE CHANGES HERE

 

BENEFIT TYPE

DEFINITION

CURRENT POLICIES

NEW POLICIES

OPTIONAL ADD-ONS

Medical and Rehabilitation
for non-catastrophic injuries
Medicaland Rehabilitation:
Reimbursement given for any necessary medical and rehabilitation expenses not originally covered by OHIP or group insurance plans
$50,000 These benefits have been combined and reduced to$65,000 for Medical, Rehabilitation AND Attendant Care Increase the benefit to $130,000 total for non-catastrophic injuries
Attendant Care for non-catastrophic injuries Attendant Care:
Covers the cost of an attendant to look after an individual at home or in a health care facility following an accident
$36,000
Medical and Rehabilitation
for catastrophic injuries
Catastrophic Injuries:
Injuries related to loss of limbs or para/quadriplegia
$1,000,000 These benefits have been combined and reduced to An additional $1,000,00 0f or a total of $2,000,000 for catastrophic injuries
Attendant Care for catastrophic injuries Catastrophic Injuries:
Injuries related to loss of limbs or para/quadriplegia
$1,000,000 $1,000,000 for Medical, Rehabilitation AND Attendant Care
Medical Rehabilitation and Attendant Care, ALL Injuries All Injuries Not applicable Not Applicable Increase the combined non-catastrophic benefit total to $1,000,000 AND the combined catastrophic benefit total to $2,000,000
**If you purchase both the additional Medical, Rehabilitation and Attendant Care benefit for catastrophic injuries AND for all injuries, the total eligible benefit amount for a catastrophic impairment would be $3,000,000

OTHER POLICY OPTIONS:

 

Caregiver Reimbursement that covers the cost of care for your dependent(s) Up to $250/week for first dependent, $50/week for additional dependents (for catastrophic injuries) No change You have the option to extend current policy limits for this section to cover non-catastrophic injuries.
Housekeeping and Home Maintenance Expenses Reimbursement that covers household expenses, like cleaning and landscaping Up to $100/week
(catastrophic injuries only)
No change You have the option to extend current policy limits for this section to cover non-catastrophic injuries.
Income Replacement Weekly income of up to $400 that begins one week after an accident Up to 70 per cent of gross income (up to $400/week) No change You can increase the weekly payout to $600, $800, or $1,000
Dependent Care Covers additional expenses needed to care for your dependents if you’re employed and injured in a car accident Not provided No change
Death and Funeral A payout to spouses and dependents to help cover the cost of any funeral expenses $25,000 to spouses and $10,000 to dependents; up to $6,000 to cover funeral costs No change You may increase benefits as follows:
$50,000 to spouses and $20,000 to each dependent; up to $8,000 to cover funeral costs
Indexation Benefits Adjusts reimbursement amounts to account for inflation Not provided No change Adjusted annually according to the Consumer Price Index of Canada
Tort Deductible The total amount deducted from settlement or court award in relation to pain and suffering $36,500 deductible No change You can reduce your deductible by $10,000.

OTHER IMPORTANT POLICY CHANGES OF NOTE:

Minor Accidents
Damage to each vehicle is under $2,000, including any property damage & must be paid by the at-fault party; no personal injuries are sustained and no payout of any kind by any insurer
An insurer is no longer allowed to use minor at-fault accidents to increase your premiums for an accident occurring on or after the effective date.
**This only stands for no more than one minor accident in 3 years.
Interest rates for monthly payment plans The maximum amount that can be charged for monthly premium payments has been lowered from 3 per cent to 1.3 per cent for one-year policies, with corresponding reductions for shorter terms. This applies to contracts issued or renewed on or after June 1, 2016.
Comprehensive deductibles For any contract issued or renewed on or after June 1, 2016, the standard deductible for comprehensive coverage will increase from $300 to $500.
Non-earner benefits
Eligibility is 18 years of age *increased from 16 years of age. No optional benefit available
The duration of receiving non-earner benefits – post-accident compensation
provided to students, stay-at-home parents, the unemployed and retirees – has been changed to a maximum of two years, following a four-week waiting period. Previously, there was no set duration on receiving non-earner benefits, provided the applicant qualified for benefits, and the waiting period of six months was met.
Catastrophic Impairment definition Results in 55% or more physical impairment of the whole person. Combination of Mental/Physical disorders.
Duration of medical, rehabilitation, and attendant care benefits The duration for this benefit is now five years for non-catastrophic injuries and is paid to policyholders as long as they remain eligible. With option benefits, you can claim up to the original 10 years.

 

TO CHANGE YOUR BENEFITS OR COVERAGE, PLEASE CONTACT YOUR BROKER AT (613) 836-2473

**All benefits and limits are PER OCCURRENCE and PER CLAIMANT and coverage is secondary to WSIB (if applicable) or other life insurance that you have in place.