What level of car isurance benefits?
May 29, 2012 5:29 AM Subscribe
Are these levels of car insurance benefits common these days? Our car insurance is up for renewal and out agent is suggesting "Enhanced benefits" (in the GTA area in Ontario).
posted by feelinggood to Work & Money (2 answers total)
I guess my basic question is, If I buy these suggestions, will I be paying for more coverage than anyone would need? I consider myself a typical driver.
I'm trying to get a sense of what I'm being offered here. I don't want the "gold-plated-Cadillac" level of coverage, but I don't want to fly in the face of conventional wisdom (not being an expert on these topics). Is this the coverage most people are buying in Ontario these days?
Not at issue is the price of this coverage. I'm assuming it's not out of line, but the point of the question is not to shop for cheaper coverage.
1. Medical & Rehabilitation coverage limit for non-catastrophic claims increased from $50,000 to $100,000 for $80 per year
2. Attendant Care coverage limit for non-catastrophic claims increased from $36,000 to $72,000 for $5 per year
3. or increase both of above coverages to $1,100,000 for $160 per year
4. Caregiver, housekeeping and home maintenance coverage for non-catastrophic claims for $130 per year
5. Tort Deductible on legal settlements for not At Fault accidents decreased from $30,000 to $20,000 for $39 per year
Anyone with experience or a non-conflict-of-interest opinion, please comment.