HSH Senior Partner and Ontario Trial Lawyers Association (OTLA) President, Adam Wagman quoted in MoneySense Magazine.
The article by Luke Alexander entitled “Auto insurance coverage in Ontario just changed” was published on June 1, 2016, which is the same day that the new Statutory Accident Benefits Schedule in Ontario came into effect for policies renewed on or after June 1.
In this article, Adam says:
What we’ve seen over the years is that premiums have come down a little bit, certainly not very much. But benefits have been eroded to the point where Ontarians are going to suffer…The best estimate for how long the $1 million pre-June 1 benefits for attendant care would last is 13 years. With coverage halved under the new changes you’ll have 13 fewer years of attendant care in the event of a catastrophic injury, the severity of which often requires lifelong support.
What should you do?
For what sounds like a very small amount of money, a few cups of coffee a month basically, people can purchase back the coverage that’s now been taken away.
Click to read the full article.
About OTLA
The Ontario Trial Lawyers Association (OTLA) was formed in 1991 by lawyers acting for plaintiffs. Our purpose is to promote access to justice for all Ontarians, preserve and improve the civil justice system, and advocate for the rights of those who have suffered injury and losses as the result of wrongdoing by others, while at the same time advocating strongly for safety initiatives.
