Understanding auto reform in Ontario

The Ontario government has introduced reforms to the regulated automobile insurance product. They take effect on June 1, 2016.

The accident benefits that are included in the base policy are changing, and new optional accident benefit choices will be available. The limits for some benefits will also change. It’s a good idea to review your coverage, and how it is changing, with your insurance broker. 

For a detailed look at the coverage changes, please click here.

The right protection for you

If you own a vehicle in Ontario, you’re required by law to purchase insurance in case an accident occurs. At a minimum you must carry coverage for third-party liability, accident benefits, direct compensation property damage, and uninsured automobile.

You have the option to increase limits and purchase additional accident benefit coverages to best protect you in the event of an accident. What should you consider when thinking about purchasing optional benefits or increased limits? Click here to find out.

For definitions of key terms, please click here.

You have options

Your Ontario insurance broker can help you make sense of them.

Ask your broker about our optional coverages, including new car replacement and accident forgiveness.

Find a broker near you >