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Now, it is a well known fact that we are usually mostly concerned with the cost of our insurance policies more than what it actually covers. This is, however, an issue that needs to be addressed. There are quite a few things which need to be taken into consideration by both you and your insurance agent when actually signing the contract for the insurance policy and its coverage. For instance, the broker is legally obligated to go ahead and explain the Statutory Accident Benefits as well as the Optional benefits to you as well as to your family members when you go ahead and renew or sign the insurance policy.
There are certain Optional Benefits which are going to increase the amounts which are available for medical treatment. Furthermore, they can cover additional expenses such as home care and a wide range of different ones which are particularly helpful and highly regarded.
With this in mind, these are things that you need to account for when you are signing your insurance policy. The truth is that the more extensive the policy is, the more money you’d have to put up as premiums. However, you are at least going to have the peace of mind that you are well protected in case of something bad happens.
Why should I go for optional benefits?
If you take a look at the statistics for the total number of car accidents in Ontario, you will quickly understand why. Furthermore, it’s not just that – there are plenty of different types of accidents which can actually cause significant amount of damage. Medical malpractice, motor vehicle accidents, pedestrian accidents, slip & fall, dog bites and whatnot – the list goes on and on. The last thing you want is to find yourself in a position in which you have no actual right to compensation and you are left with a tremendous injury and a pile of debt for medical expenses. This could be devastating.
That’s why it might be a good idea to invest in your own peace of mind. Of course, the best thing would be if none of this ever happened but you never know. Unfortunately, we are not as safe as we think we are and accidents of the kind tend to happen on a strict daily basis. With this in mind, the best thing you can do is to be considerate and to think ahead. This is going to provide you with the chance of being well prepared and it’s also going to get you the financial means to get out of a horrific accident without actually incurring tremendous financial losses. Considering how expensive healthcare is, this is actually a very important thing to consider. Talk with your insurance provider and consider consulting a personal injury lawyer in Ottawa or Kingston and get their opinion about it. It will help you decide on the right policy.