deductible Tag Archives

How Insurers Deduct Thousands from Accident Victims’ Compensation

Insurers save thousands thanks to the threshold, deductible and damages limits

Imagine for a moment that you are suddenly injured in a car accident for which you are not at fault and are now stuck with its consequences, which most often include pain, suffering, loss of enjoyment of life, and impairments which impact your ability to earn a living. Out of a common sense of fairness, one would expect our legal system to adequately compensate accident …

Corbett et al v. Odorico, 2016 ONSC 1964 (CanLII)

Profits Soar for Ontario Auto Insurance Companies

Last week, an updated study from York University School of Business Professors Fred Lazar and Eli Prisman was released that reveals consumers likely overpaid $1.5 billion in the last two years for auto insurance. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million ($120 per policy) in 2013. This study is further proof …

Hurt in a car? Thanks to the Ontario government, expect to lose tens of thousands from your lawsuit.

For years, accident victims have had their general damages claims automatically reduced by a deductible. How does this deductible work and what does it mean? Let’s consider two scenarios: Imagine for example that you slip and fall on a sidewalk, you break your arm and you decide to sue for pain and suffering damages.  Imagine further that your pain and suffering damages are assessed as …

Further Erosion of Plaintiffs’ Compensation Effective August 1, 2015

Ontario Finance Minister Charles Sousa delivers the provincial budget as Premier Kathleen Wynne looks on at Queen’s Park in Toronto on Thursday, April 23, 2015. THE CANADIAN PRESS/Nathan Denette Dealing another blow to Plaintiffs, on August 1, 2015, the amendments to Ontario Regulation 461/96, Court Proceedings for Automobile Accidents that Occur on or After November 1, 1996, came into effect. These amendments provide for an …