Lowering Your Car Insurance Can Have Devastating Results - Diamond and Diamond Lawyers
Personal Injury Lawyer Toronto | Car Accident Lawyer Toronto

Lowering Your Car Insurance Can Have Devastating Results

Get ready to pick your jaw off the floor. I am a personal injury lawyer who is encouraging you to spend more money on insurance coverage. It may seem strange given that I spend my days fighting against these very companies on behalf of injured plaintiffs. Let me explain why.

Most people in Ontario have 1 million in coverage. Sounds like a lot right? It’s not at all. If you are in a car accident with minor injuries that is more than sufficient, however, if you are involved in an accident where you cause someone else major injuries (e.g. brain injury, paraplegic, quadriplegic) then you are on the hook personally for everything over that 1 million. This can have devastating effects on both an emotional andfinancial level. You may think you are such a great driver that the Indy 500 is second from knocking down your door.

Unfortunately, that doesn’t really matter. If some joe shmo (that is the legal term) hits you and you or your family member is injured badly, and good old joe has 1 million of coverage, you only have 1 million to access. Now, this is where it gets complicated so pay attention, if you have 2 million and he has 1 million, your insurer will kick in the extra million.So basically if your policy has 2 million you are covered for 2 million regardless of the insurance policy of joe shmo. Make sense?

The best thing to do is speak with a broker and make sure you have enough insurance to cover you if you are hit. Think about how much you would need if you could never work again. This is a very real possibility for some of my clients. Then once you have that number, make sure you are covered for that amount. Yes, insurance is already expensive, however saving money could cost you dearly later.

– Sandra Zisckind, Managing Partner, Diamond and Diamond Personal Injury Lawyers.

Looking for more helpful tips? Visit our blog on a weekly basis.

If you or a loved on has been injured or hurt in a car or motor vehicle accident call Diamond & Diamond Personal Injury Lawyers, Ontario Wide, at 1-800-567-HURT (4878) for professional guidance on how to proceed. 

Leave a Reply

 

Need a Lawyer?

We are here 24/7 to address your case. You can speak with a lawyer to request a consultation.

1-800-567-HURT

Get started with a free consultation

OUR TEAM

FAQs on Lowering Your Car Insurance Can Have Devastating Results

Is there a way to lower my car insurance costs?

Why are Canadian insurance rates so high?

What is the average cost of car insurance in Canada?

NEED A LAWYER? CONTACT OUR TEAM TODAY Chat Now

OR CALL NOW FOR A FREE CONSULTATION

1-888-INFO-LAW

Get the help you deserve

1-800-567-HURT

Call NOW for a free consultation

 

Diamond & Diamond Ontario Head Office

255 Consumers Road, 5th Floor, Toronto, Ontario

>> Learn More

Diamond & Diamond Alberta Head Office

4246 97 Street NW, Unit 103, Edmonton, Alberta

>> Learn More

Diamond & Diamond British Columbia Head Office

1727 West Broadway, Suite 400, Vancouver, British Columbia

>> Learn More

Barrie

Main Office

168 Bayfield Street

Calgary

Main Office

1331 Macleod Trail SE, Suite 645

Edmonton

Head Office

4246 97 Street NW, Unit 103

Halifax

Consultation Office

1701 Hollis St

London

Main Office

256 Pall Mall St, Suite 102

Oshawa

Consultation Office

50 Richmond Street E, Unit # 108 B

Ottawa

Main Office

955 Green Valley Crescent, Unit 315

Sudbury

Main Office

31 Larch Street, Unit 300

Timmins

Main Office

120 Cedar Street South, Unit 002A

Toronto

Head Office

255 Consumers Road, 5th Floor

Vancouver

Head Office

1727 West Broadway, Suite 400

Windsor

Main Office

13158 Tecumseh Rd. E. Unit 3B

Additional Areas Served

Ontario

Alberta

British Columbia

Maritimes

© 2021 Diamond and Diamond Lawyers LLP. All Rights Reserved.