Being involved in a car accident in Ontario can disrupt both your health and your finances. Injuries may prevent you from working, making income replacement a critical concern. Ontario provides several avenues to help accident victims manage financial stress while recovering.
The first option is through Accident Benefits claims under Ontario’s Statutory Accident Benefits Schedule (SABS). These benefits are included in all auto insurance policies and can provide vital financial support. Key coverage includes income replacement benefits, which may cover up to 70% of your pre-tax income, up to a weekly maximum of $400, after a one-week waiting period. Medical and rehabilitation expenses are also covered, including treatment costs, medications, and therapies necessary for recovery. For those requiring help with daily living activities, attendant care benefits provide financial assistance to hire caregivers.
Maximizing your Accident Benefits claim involves seeking immediate medical attention to document injuries, keeping detailed records of expenses and lost wages, notifying your insurance company promptly, and considering legal help. A personal injury lawyer can ensure you receive the full benefits you are entitled to and address potential disputes with your insurer.
If the accident was caused by another driver, victims may also pursue a lawsuit against the at-fault driver for compensation beyond insurance coverage. This can include pain and suffering, lost income, and medical expenses not covered by insurance. Strong evidence, such as medical records and documentation of the other driver’s fault, is crucial for a successful claim. Consulting a lawyer experienced in personal injury cases can help maximize compensation.
Additional options include government programs such as the Ontario Disability Support Program (ODSP) and Canada Pension Plan (CPP) Disability benefits. ODSP provides financial assistance for individuals whose disabilities prevent them from working, although strict eligibility criteria and low benefit amounts may limit support. CPP Disability benefits are available to Canadians who have contributed to the plan and become disabled before retirement age, though qualification requires substantial medical documentation.
Many employers also offer short-term and long-term disability insurance. Short-term disability typically covers around 60% of your salary for a limited period, while long-term disability can replace up to 70% of income until retirement. Finally, bank loans or lines of credit may provide temporary relief but should be approached cautiously to avoid additional debt.
Understanding these income replacement options can help accident victims in Ontario manage financial challenges while focusing on recovery. Accessing benefits promptly and seeking professional guidance ensures you receive the support you need.