Episode Description
Here's a piece of advice: Take a good look at your auto insurance policy.
Starting July 1, Ontario is introducing some significant reforms to auto insurance rules. Simply put, some coverage that is now mandatory will soon become optional — including certain accident benefits like 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.
Joining us on Village Media's Closer Look podcast to dissect the changes is lawyer Tudor Gagea, an associate at the personal injury firm Oakley Vigmond, which has offices in Toronto, Sudbury Barrie and North Bay.