Oegema, Nicholson & Associates Insurance Brokers Ltd.

Your Ontario auto insurance benefits are changing to make your premiums more affordable and provide you with greater choice. Many of the changes affect the accident benefits you would receive if you were injured in a collision. Some benefit limits have been reduced, and some of the options for increased coverage have been changed or eliminated.

If you renew or buy a new policy on or after June 1, 2016, it will automatically default to the new reduced benefits limits unless you purchase additional coverage.

Here’s what’s different in benefits limits:

What do the changes mean?

To reduce premiums, the Government of Ontario has introduced reforms to help reduce consumer costs and improve the system. These reforms ensure Ontarians have access to the treatments and benefits they need to recover from injuries caused by a collision.

A key component of these reforms is more choice. The catastrophic impairment benefit will provide up to $1 million for combined medical, rehabilitation and attendant care. There is also an option to buy up to $2 million for this benefit, and the amount can be increased to $3 million when combined with the $1 million optional medical/rehabilitation benefit for all injuries. For less serious injuries, a maximum of $65,000 will be available in standard coverage for combined medical/rehabilitation and attendant care.

How does this compare to other provinces? In Alberta and the Maritimes, the maximum combined medical/rehabilitation benefit for all types of injuries is $50,000.

There is a new option to buy up to $130,000 in standard medical/rehabilitation and attendant care coverage or up to $1 million in added coverage.

Ontario will continue to apply a $3,500 cap for minor injury awards. The cap includes the $2,200 that is pre-approved and available over 12 weeks.

For more information contact your insurance representative.

Source: Insurance Bureau of Canada


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Testimonials

  • “We have had our house and vehicle insurance with OEGEMA-NICHOLSON & ASSOC. INS. BKRS. located at 243 Castor Street in Russell, Ontario, for several years now. The people in the office have always been friendly and courteous whenever we had any queries and, in particular, we want to thank Christopher Lough who has been so helpful in every way. The thing we like the most is when you telephone this office you get a live person answering and not a machine.”-Jerry Gaudry
  • “I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well.”-Charlene Brunet, President, Dan Murphy Ford
  • “ONA helps me with my personal insurance and my business insurance . They are my one stop shop when it comes to insurance and group benefits. I know I’m covered in all areas. Great friendly service and knowledgeable staff!”-James Carriveau, President, Exact Interlock and Exact Properties
  • “I would like to thank Carol for everything she has done for me and my family over the years. It is my honest belief that we would not be in the position we are in if it was not for her guidance, expertise and honesty. We can’t begin to thank her enough.”-Tim
  • “It’s always a pleasure to deal with Oegema, Nicholson & Associates, and I can depend on them for all my insurance needs. I have been a client for several years and whether it’s regarding my personal insurance, or anything to do with our employee benefits or commercial needs, I know I’m taken care of.”-Rhonda, Capital Dodge
  • “I know all my insurance needs are covered with Oegema, Nicholson & Associates. I have been a loyal client for the last 15 years, and I can count of them for my commercial insurance, employee benefits, as well as my personal insurance and finances. Jeff Richer always goes above and beyond to help me with my insurance needs.”– Omkar Atwal, Owner, Leitrim Home Hardware
  • “One call to Oegema, Nicholson Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions.”– Jennifer Parks, Stittsville, Ontario