Ontario Auto Reform
If you own a vehicle in Ontario, you’re required by law to purchase coverage in case an accident occurs. The Standard Auto Policy includes the following coverages:
- Third-party Liability
- Accident Benefits - Effective June 1st, 2016, the level of accident benefits provided on a standard auto policy are changing.
- Direct Compensation Property Damage
- Uninsured Automobile
To help stabilize rates, the Ontario government has implemented changes to auto insurance accident benefits. Several measures are aimed at reducing fraud and abuse of the system, which increases premiums. Click Here for a comprehensive look at the changes and what they mean to you.
Financial Services Commission of Ontario (FSCO) - Consumer Information on Auto Insurance. FSCO is the regulatory body responsible for Insurance in Ontario. This site includes some FAQs and many other insurance related documents and links.