Details On Ontario’s No-Fault Insurance

Ontario’s no fault insurance was created to provide injured accident victims with an easier method for obtaining the funds that can cover their medical costs. After an accident, the driver’s own insurance company reimburses the driver/policy holder for the designated damages.

For what damages must the driver’s insurance company reimburse the driver?

The policy holder/driver gets reimbursed for the money spent on medical treatments, on medical tests, on any time in a rehabilitation facility, an any medication or medical supply, and on any therapy sessions.

The policy holder/driver gets reimbursed for the income lost when he or she was unable to go to work and carry-out the assigned on-job responsibilities. The driver/policy holder gets reimbursed for any lost opportunity to acquire further earnings. That includes compensation for any cancellation of plans for attendance at classes or at a conference, where educational or training credits might be earned.

Does everyone just forget about determining who caused the accident?

No, the insurance companies hire investigators, who check to see who was at fault. The results of the investigation provide each insurance company with an indication of how to proceed with this ongoing case. It is assumed that the driver that did not cause the accident should be designated as the safer driver. The safer driver enjoys lower rates for insurance.

Personal Injury Lawyer in St. Catharines knows that the person that is found to be at-fault must pay the collision deductible. The amount of that deductible is stated in the insurance policy. Once the collision deductible has been paid, then the insurance company must cover the costs created by any additional repair bills.

Questions that go unanswered in the above paragraphs:

When and how does a car crash victim get reimbursed for money spent on a rented vehicle?

Do the insurance companies expect that all of the people injured in a given accident will recover at the same rate? How is consideration given to someone that has suffered an especially serious injury?

To what extent must a policy holder cooperate with his or her insurance company? Is a lawyer prohibited from fighting an insurance company’s request for an early settlement?

How does one company with no-fault insurance compete against other companies with no-fault insurance? Do some of them give policy holders the chance to select a special option? If so, what is the nature of that option?

How do the companies with no-fault insurance deal with an uninsured or an underinsured driver? Is there ever a time when one driver has the right to sue another driver? Who allows such an action, and on what grounds would it be allowed?

How does this system allow the insurance companies to make any profits? Do the rates stay low for all safe drivers?

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