Important Changes to your Auto Insurance Effective June 1st
There are important changes to your coverage that you need to know about. Your “Medical, Rehabilitation and Attendant Care” coverage is reducing as of your June 2016 renewal.
Car insurance can sometimes come with negative connotation – monthly expenses could be used elsewhere (for that vacation you need, for example). It’s perhaps only at renewal when you might think about the greater issues at play: insurance as a safety net, protecting against risk; insurance as a critical factor in individual and collective welfare. If you, a friend or loved one is involved in an accident, it’s at that point your outlook changes to one of appreciation. What would have happened if a policy hadn’t been in place?
The opportunity with this new set of measures is to step back and reflect on what you really need. Does your employer provide a Group Insurance Plan? Look into what your policy covers… most benefit packages are limited to $500/year per practitioner, which can be exhausted quickly even in cases of minor accidents. If you have children or elderly parents that depend on you, who would care for them if you were injured? If you had to hire someone to carry out household responsibilities, how would you subsidize the expense?
Standard policies are just that – standard. They don’t include benefits like dependent care, which reimburses additional expenses to care for your dependents. While auto insurance products are becoming more affordable for consumers, gaps might exist depending on your lifestyle. The good news is there’s opportunity to fill those gaps by increasing coverage or adding options to cover specific areas of your life. Purchasing appropriate coverage is an investment in your family, your children, your parents… ultimately it’s an investment in your lifestyle. What could be more important?
The Insurance Brokers Association of Ontario has provided a great list of questions that you can answer, in order to assess your coverage! Download the full list of questions, here.
If you would like to view and fill out the Optional Accident Benefits Confirmation Form, click here, or if you would like to learn more about your Accident Benefits Coverage, view the chart.
Additional Endorsements to Consider
- Aviva has also introduced a new “Conviction Protector” endorsement. This endorsement protects your premiums from being affected by the first “minor” conviction, of a driver licensed for 6 or more years.
- Aviva also offers the “Driving Record Protector” endorsement which protects your driving record from being affected by the first at fault loss, of any listed driver licensed 6 years or more.
EPOST is now available! You can now receive your home and auto insurance policies conveniently by epost. Visit epost.ca to create a new account or log into your existing account. Choose “Aviva Canada Inc.”, enter your policy number and postal code. It’s that simple. A digital copy of your pink slip will be included in your documents and the original “pink” certificate will be mailed directly to you.