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The truth is that despite the serious insistence of the Canadian government that insurance rates are declining; we all know that this is far from being the case. It is mandatory to get your vehicle insured when you own it in Ontario. However, if you decide to go ahead and skip this provision or get a fake pink slip or you fail to pay your premiums and your policy lapses – what’s going to happen if you get in an accident?
The absolute honest truth is that this is a terrible idea. Driving with no insurance is something that you shouldn’t do and it’s definitely something that you should definitively stay away from under all circumstances. With this in mind, it is important to understand that even when you drive with no insurance, not all of your benefits are completely barred. There is a special section of the SABS (Statutory Accident Benefits Schedule) – Section 31 which outlines that you won’t be entitled to:
• Caregiver Benefits
• Income Replacement
• Non-Earner Benefit
• Lost Education Expenses
• Expenses of Visitors
• Home Maintenance and Housekeeping Benefits
Now, there is obviously a huge limitations on the benefits that you are entitled to receive when you are involved in an accident where you had no insurance in place. This is something important and you should most definitely take it into serious consideration. It could be quite challenging to survive without receiving your income replacement benefit and this is definitely something that you want to take into account.
The only benefits that you are going to be left out with are the Rehabilitation Benefits, Attendant Care Benefits and that’s pretty much it. They are designated to cover different therapies, devices and the services of a personal support worker if you need it. However, they are not going to cover anything else.
Additionally, you will also lose your right to sue when you are not at fault and if you do not carry your insurance policy which is valid. This is something very important. With this in mind, the necessity of having an insurance policy is more than just obvious – it is absolutely imperative that you have one in place. With varied policies available, you can always buy third party insurance instead of comprehensive insurance, if you are looking to cut costs.
There are different insurance providers out there and it is quite important that you go ahead and have a look at what’s available. You will be able to find different rates which provide different benefits in return and there’s pretty much something for everyone to take advantage of. With this in mind, it is quite important to ensure that you get your insurance in place so that you can rest assured that you are properly covered when it comes to it. It is good to discuss it with an injury lawyer so that they can advise you better.