Ontario insurance laws changed in 2010. So too have the accident benefits you receive under a standard policy. This chart shows you what coverage you will get. You also have the option to increase your coverage. You will pay a higher premium for this extra coverage.
|
Benefits |
Coverage under a standard policy |
|
Medical, Rehabilitation and Attendant Care benefits: (for non-catastrophic injuries) |
$50,000 for medical and rehabilitation benefits, including assessment costs $36,000 for attendant care benefits |
|
Medical, Rehabilitation and Attendant Care benefits: (for catastrophic injuries) |
$1 million for medical and rehabilitation benefits, including assessment costs $1 million for attendant care benefits |
|
Caregiver benefit |
Up to $250 per week for the first dependant plus $50 for each additional dependant (only for catastrophic injuries) |
|
Housekeeping and Home Maintenance expenses |
Up to $100 per week (only for catastrophic injuries) |
|
Income Replacement |
70 per cent of net income up to $400 per week |
|
Dependant Care |
Not provided |
|
Death and Funeral benefits |
$25,000 lump sum to an eligible spouse $10,000 lump sum to each dependant maximum $6,000 funeral benefits |
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.
