Legal Blog
Motor Vehicle Accident Deductible
Monday, June 09, 2008
The Motor Vehicle Accident Deductible: What You Should Know
When someone is injured in a motor vehicle accident in Ontario, they may seek to recover money called 'damages' from one of the insurers of the people involved. Seeking damages requires a person to have a permanent serious impairment of their physical or mental state as a result of the accident or alternatively, to have a permanent serious disfigurement (such as burns or scarring) as a result of the accident.
Damages can be many things, from medical expenses and future loss of income, to losses that are more difficult to put into numbers, such as pain and suffering. Any award of damages or settlement is necessarily tax-free, in order to ensure that the victim is fully compensated for his or her loss. However, there is one m ...
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