Transitional Issues Affecting Statutory Accident Benefits Claims in Ontario – Part 3

The Financial Services Commission of Ontario published Bulletin A-04/10 recently to outline transitional rules governing the switch to the new SABS (statutory accident benefits schedule) which started on September 1, 2010.

It is important to know that if you are hurt in a motor vehicle accident in the next few months, before the expiration/renewal of your currently car insurance policy, that the “old” SABS will, to a certain extent, apply to your situation – which generally means greater levels of benefits than the “new” SABS which have just come into effect.

If you were hurt in a car accident which occurred before September 1, 2010, then the old SABS should partially apply to your situation.

If you have any doubt or questions, ask a personal injury lawyer to review your situation.