Ontarians may not understand their auto insurance: survey
82% think that collision coverage is included in a standard policy
While 75 percent reported they are familiar with benefits and coverages, their quiz answers weren’t up to snuff. A strong majority (82 percent) stated that collision coverage is included in a standard auto policy, when in fact it is extra coverage. Even with those who were “very familiar,” only 37 per cent were aware that medical, rehabilitation and attendant care were included in their policies.
This survey comes in the wake of new auto insurance reforms that were implemented on June 1, 2016.
“Understanding your policy is the first step towards making sure you are protected if you are ever in an accident,” Tom Golfetto, executive director of the automobile insurance division at FSCO said in a release. “There are many options that allow Ontarians to tailor their coverage to meet their needs, but drivers need to take a more active role in learning about their policy and making educated and informed decisions.”