This week on Village Media’s ‘Closer Look’ podcast: Now that certain auto insurance benefits are optional in Ontario, we revisit an important conversation that every driver should hear
Here’s a piece of advice: Take a good look at your auto insurance policy.
On July 1, Ontario saw the introduction of some significant reforms to auto insurance rules. Simply put, some coverage that was once mandatory is now optional — including certain accident benefits such as income replacement and death and funeral costs.
Those in favour of the new system say it gives drivers more choice and flexibility — and potentially lower rates — while some experts worry the new rules could leave people unknowingly exposed to major costs after a serious crash.
On this week’s episode of Village Media’s Closer Look podcast, we revisit our recent interview lawyer Tudor Gagea, who breaks down all the new changes — and what they mean for you and your loved ones.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.