June 2016 Auto Reform
What you need to know! 
Effective June 1, 2016, the Ontario government has introduced changes to the automobile insurance system to help make insurance premiums more affordable.
These changes only apply to auto insurance policies issued or renewed on or after June 1, 2016. The changes will give you more choice over the coverages you select and the price you pay for auto insurance. Many of the changes affect the Statutory Accident Benefits you receive if you are injured in an auto accident, regardless of who is at fault.
Some of these benefits have been reduced and some options for increased coverage have been eliminated or changed. At your renewal date your auto policy automatically has the new lower standard benefits.
The most significant changes to your policy are:

Unless you act quickly and contact your insurance representative to increase your benefits or make changes, your coverage will default to the new lower standard benefits.
Some of the factors you need to take into consideration would be:
Is your income greater than $30,000/year? 
Then you need to consider increasing your Income Replacement Benefit to $600, $800 or $1,000. 
Are there people in your life who depend on you financially or for care (children, elderly or disabled)?   Who would care for them if you were injured in a car accident?
Then you need to consider extending your Caregiver Benefit and/or adding a Dependant Care Benefit.
Does your employer provide a Group Insurance Plan? 
You may need to talk to your administrator to find out what you’re covered for and consider increasing your Medical Rehabilitation Benefit. Most benefit packages are limited to $500 a year per practitioner, and OHIP doesn’t cover things like occupational therapy, private nursing and psychology.
If you were injured in an automobile accident and had to hire someone to help you care for your home, like cutting the grass, how would you pay for these expenses?
Then you need to consider purchasing House Keeping and Home Maintenance Expenses Benefit 
We want to remind you that a standard policy does not include benefits such as; dependent care, and that gaps might exist depending on your lifestyle. The good news is there’s opportunity to fill those gaps by increasing coverage or adding options to cover specific areas.
Give us a call. 
For additional information please click here.

Partnership with Terra Cotta Wealth Management
Wiesner Insurance, in partnership with Bruce Moffatt and John Hayes, launched Terra Cotta Wealth Management in early 2014. Terra Cotta Wealth Management brings powerful solutions to the clientele of Wiesner Insurance in the areas of Life Insurance, Employee Group Benefits, Investments, Financial Planning, Tax Planning and Estate Planning.
Terra Cotta Wealth Management is built on the same strong foundation as Wiesner Insurance when it comes to delivering superior customer service and financial advice. The experienced Management Team ensures that clients will always receive the same level of professionalism and expertise that they have come to expect from their relationship with Wiesner Insurance.

Please see our Products & Services page for more information. 
Ontario Auto Reform

As a result of reforms introduced by the Ontario government, there will be changes to your Automobile Policy effective September 1, 2010.  These reforms have been made in an effort to control claims costs, stabilize premiums and provide more choice to consumers.  You now have more control in selecting automobile insurance coverage that meets your individual insurance needs.

We have enclosed material to highlight the changes and to help you locate more information about the up coming auto reforms and how they will effect you.  Please pay special attention to the enclosed documents as some coverages under your auto insurance policy have been reduced.

It is worth noting that these reforms make the auto insurance product less vulnerable to factors that have recently driven cost upward.  These reforms concentrate on long-term rate stability, not on immediate price reductions.  As always, your individual insurance needs and coverage selections will determine the price you pay for insurance.

If you have any questions regarding your policy, coverage, or general insurance needs please contact our office. 

Sept 1, 2010 New Accident Benefits Coverages