In addition to the mandatory minimum coverages that are required by law, you may purchase higher liability limits under your Third-Party Liability coverage, as well as increased Accident Benefits coverages. Your Larry Grummett Insurance Broker will be able to help you decide what level of coverage is best for you.

Increased Third-Party Liability
Coverage: While you are legally required to carry a minimum of $200,000, you may want to increase this coverage. The cost to increase your Third-Party Liability coverage to $1 million or $2 million is small in most cases.

Optional Accident Benefits
Coverages: You may also want to consider increasing your Statutory Accident Benefits coverage by buying any or all of the optional benefits listed below.

• Income Replacement Benefits: If you cannot work as the result of an automobile accident, you may be eligible for basic weekly income replacement benefits of up to $400. If this is not enough to cover your current after-tax income level, you may want to consider buying optional income replacement benefits to increase your maximum weekly protection to $600, $800, or $1,000.
  
• Medical, Rehabilitation, and Attendant Care Benefits: The standard maximum amount for medical and rehabilitation expenses, such as physiotherapy, chiropractic treatment, dental expenses, etc., is $100,000. If you are catastrophically injured, the standard maximum is $1,000,000. The standard maximum for attendant care is $72,000. If you are catastrophically injured, the standard maximum is $1,000,000. You can buy optional benefits, which will cover up to $1,172,000 in additional medical, rehabilitation, and attendant care expenses, and up to $3,000,000 for catastrophic injuries.
  
• Caregiver Benefits: If you are providing care full-time to dependants and can no longer provide that care as the result of an automobile accident, you may be eligible for caregiver benefits if you need to hire someone to care for your dependents. The standard maximum amount for caregiver benefits is $250 per week for one dependant, plus $50 per week for each additional dependant. If you buy optional caregiver benefits, the coverage increases to $325 per week for one dependant, plus $75 per week for each additional dependant.
  
• Dependant Care Benefits: You can only claim optional dependant care benefits if you were employed at the time of the accident, are not receiving a caregiver benefit, and have to pay for additional childcare expenses as a result of the accident. Optional dependant care benefits cover up to $75 per week for the first dependant and $25 for each additional dependant.
  
• Death and Funeral Benefits: In the event that you die as a result of an automobile accident, the standard amount that will be paid is $25,000 to your eligible spouse or same-sex partner, $10,000 for each dependant, and a maximum of $6,000 for funeral expenses. If you buy optional benefits, you can increase these amounts to $50,000 to your eligible spouse or same-sex partner, $20,000 for each dependant, and $8,000 for funeral expenses.

Before you purchase any of these coverages, check to see if you have these benefits available to you at work or elsewhere. If you do, you may not need to buy optional benefits.