Quote:
Originally Posted by Tcoat
It does not work that way here. We have what is called "no fault" so each party's insurance pays their own customers claim.
https://www.insurancehotline.com/new...uto-insurance/
How No-Fault Insurance Works
Ontario is a no-fault insurance province. While this sounds to most people like it means no one will be found at fault in the event of an accident, it in fact means something very different. Whenever there is an auto accident there will be a determination of fault. In a no-fault system what differs is how the claim will be paid out.
In a traditional system, the insurance company of the driver who is found at fault will pay out on claims for both their own insured party and for the other party as well. Because their insured has been found to be at fault, that driver’s liability coverage kicks in to pay the claim. In a no-fault insurance system however, it does not matter who is found at fault – your own insurance company will pay your claim and the other driver’s insurance company will pay theirs.
If you are found at fault in an accident, you will still face an increase in your insurance premiums as a result. Ontario’s no fault system makes certain that claims are paid out quickly and without waiting for fault determination, allowing everyone to get straight to repairs on their vehicles. |
Fun fact, this is the first time it ever occurred to me that province's regulate differently.
Are any of the discrepancies as bad as the ones in US?