As a resident of Ontario, you know how important it is to protect your family's financial future. One of the best ways to do this is by purchasing insurance. And when it comes to automobile insurance, there's one endorsement everyone should have: the Family Protection Endorsement.
The Family Protection Endorsement is a type of coverage that provides additional protection for you and your family in the event of an accident caused by an uninsured or underinsured driver. It's designed to help you recover any losses that you or your family members might experience due to an accident that wasn't your fault.
Fortunately, most passenger vehicles have this coverage because the majority of brokers sell it to you as a matter of course. It is still important, however, to specifically ask your insurance agent or broker to make sure you have this coverage.
If you do not have this extra insurance coverage on your policy, you take a huge risk when travelling outside of Ontario. If you are in a crash in the United States, and you do not have this extra coverage, your uninsured policy limits are only as much as the minimum limits in the State where the accident occurred. That means, if the state has very low minimum insurance limits, which is common in the United States, your limits for an uninsured claim will also drop down to those low limits. In a State like Florida, where there is no requirement to have any insurance coverage for third party injury, you could end up with no protection unless you have the endorsement.
Here are a few other reasons why the Family Protection Endorsement is so important for Ontario residents travelling to Florida:
There is a high rate of uninsured drivers or underinsured drivers in Florida.
It has been estimated that over 20% of Florida vehicles do not have insurance coverage for bodily injury. Even if there is insurance coverage in place for bodily injury, there is a good chance that the limits will be low. That means if you're in an accident with one of these drivers, you could be left with a lot of financial losses. The Family Protection Endorsement provides an additional layer of protection to ensure that you and your family are covered, even if the other driver isn't.
It covers you even when your not driving your Ontario vehicle
The Family Protection Endorsement provides coverage even if your vehicle doesn't go with you on your vacation to Florida. Whether you fly to Florida or drive down it makes no difference. You Ontario auto insurance will protect you from an uninsured or underinsured driver in many situations, including when you get injured in an accident while you are walking, cycling, riding a bus, or driving a rental vehicle.
It covers more than just medical expenses.
While medical expenses are certainly a big concern in the event of an accident in the United States, they're not the only expenses you'll need to worry about. The Family Protection Endorsement also covers things like lost income, pain and suffering, and rehabilitation expenses.
Despite the added benefits, the Family Protection Endorsement is actually quite affordable. In fact, many insurance providers offer it as an add-on to your existing policy for just a few extra dollars a month.
It's peace of mind.
Perhaps the most important reason to consider the Family Protection Endorsement is the peace of mind it provides. Knowing that you and your family are protected in the event of an accident can help ease your worries and allow you to focus on more important things.
If you are a Canadian resident that has been injured in a Florida car accident, we can help. The Snowbird Attorney is here for Canadians injured in Florida. Call us day or night to get more information and request a Free Consultation at 1-866-234-6093 or complete our online contact form.
Andrew Iacobelli is an experienced personal injury lawyer who established Iacobelli Law Firm with offices located in Ontario, Canada and Florida, U.S.A. Andrew restricts his practice to the representation of personal injury victims in claims involving serious injuries and wrongful death in Canada and the United States. Andrew is the author of "Are You a Canadian Injured in the United States? Claim the Damages and Insurance Coverage the Right Way".
Andrew Iacobelli is a lawyer, licensed to practice law in Florida, Michigan and Ontario. Andrew restricts his practice to the representation of individuals that have been seriously injured.