Understanding 2024 Ontario Budget Auto Insurance Updates: A Guide For You
| Published date | 05 April 2024 |
| Law Firm | Nelligan Law |
| Author | Stanford Cummings, John P. Lundrigan and Tracy Lyle |
The proposed Ontario 2024 Budget includes changes to the standard automobile insurance policy.
The proposed changes would reduce the types of mandatory benefit coverage and increase the benefits that consumers would need to purchase as optional coverages. The proposed changes appear to remove standard income replacement benefits. The government says the potential for more personalized policies could save money for consumers and avoid duplication of certain coverages. Yet, it's essential to navigate these waters carefully, especially when it comes...
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