Changes to auto insurance plans for Ontarians are now in place.
Many benefits that were once mandatory are now optional, except for medical, rehabilitation and attendant care.
If you’re policy automatically renews, www.rates.ca says you’ll retain your current benefits unless you opt out in writing but new policies will only include mandatory minimums by default.
The company says opting out of accident benefits saves a few dollars a month, but exposes drivers to major financial risks and costly out-of-pocket expenses.
It adds self-employed workers, students, retirees, and low-income earners face higher risks if they opt out, as they often lack alternative safety nets.
Some of the optional benefits now include income, non-earner and caregiver and death and funeral benefits.
***With files from Bradley Aubin
