Extras in OntarioKeep this in mind while reading through these optional
coverages. You may want to investigate a separate disability
insurance policy. Sometimes it's cheaper to buy this coverage
outside your auto insurance policy - and you get better coverage,
too!
Income replacement benefits
Medical, rehabilitation and attendant care benefits
Dependant care benefits
Death and funeral benefits
Caregiver benefits
If you become disabled as the result of an automobile accident, you
may be eligible for weekly income replacement benefits of up to
$400. If this isn't enough to cover your current income level, you
can buy optional Income Replacement Benefits to increase your
maximum weekly protection to $600, $800 or $1,000.
The standard maximum amount for medical and rehabilitation
expenses, such as physiotherapy, chiropractic treatment, dental
expenses, etc., is $100,000. If you are catastrophically injured,
the maximum is $1,000,000. The standard maximum for attendant care
is $72,000. If you are catastrophically injured, the maximum is
$1,000,000. You can buy optional benefits to cover up to $1,000,000
in additional medical, rehabilitation and attendant care expenses,
and up to $2,000,000 for catastrophic injuries.
If you have young children, this option is worth considering. You
can claim for optional Dependant Care Benefits if you're employed
at the time of the accident, and you have to pay for childcare
expenses as a result of the accident. Optional Dependant Care
Benefits cover up to $75 per week for the first dependant and $25
for each additional dependant.
No one likes to think of the worst. But it is beneficial to plan
ahead. If you die as a result of an automobile accident, the
standard amount which will be paid is $25,000 to your eligible
spouse, $10,000 for each dependant, and a maximum of $6,000 for
funeral expenses. If you buy optional benefits, you can increase
these amounts to $50,000 to your eligible spouse, $20,000 for each
dependant, and $8,000 for funeral expenses.
If you provide full-time care to dependants, and are disabled as
the result of a car accident, this coverage will help you. The
standard maximum amount for caregiver benefits is $250 per week for
one dependant, plus $50 per week for each additional dependant. If
you buy optional Caregiver Benefits, the coverage increases to $325
per week for one dependant, plus $75 per week for each additional
dependant. |
