Ontario Car Insurance changes for 2016. Explaining the details of the changes in a Q&A format.
Thanks to our guest speaker Justin James of the Co-Operators Insurance for a very informative talk.
Update August 30 2016:
Ontario is raising vehicle sticker renewal fees – please see article for more details: New Vehicle sticker renewal fees – Globe & Mail
“As of Sept. 1, renewal stickers in southern Ontario will cost $120 for the year, up from $108 currently. In northern Ontario, the fee rises to $60 from $54.
While a $12 increase may not seem hefty, the renewal price has almost doubled since 2011.
These changes affect everyone involved in a vehicle, so be aware of what they mean in case of an accident whether it is minor or catastrophic.
*Apologies for the sound – the air makeup unit and the compressor in the cafeteria ran at random times playing havoc with the sound recording.*
1. Changes to the new Insurance coverage
2. Performance mods and upgrade coverage
3. Income Replacement accident benefits
4. Tort & liability claims
5. Cost increase vs benefits the insured receives
6. At Fault vs not at Fault insurance clarification
and so on.
Held at the Ford HQ in Oakville.
GHMA – Golden Horseshoe Mustang Association.