Now, it goes without saying that car accidents are common sight. Unfortunately, this has become the most regular type of accident and as it turns out – it’s also the one causing the most casualties. The reasons for this are various and regardless of how stringent of legislation the province enacts, car accidents are still incredibly common in Canada, especially in the province of Ontario.
Highway Traffic Act
There is a wide range of different legislative regulations which would include some provisions regarding car accidents but the major one would be the Highway Traffic Act as well as the Insurance Act of Ontario. This might sound a bit odd at first but we would get to this later. The Highway Traffic Act is a piece of legislation which governs the overall traffic conditions and provides a variety of stipulations which would put the operation of a vehicle in order. Following the act would ensure that you won’t get penalized and it would severely diminish the possibilities of an accident. Of course, no piece of legislation is going to guarantee a 100% reduction of the accidents as the majority of them would happen because of human mistakes.
Insurance Act of Ontario
In any case, as mentioned above, the Insurance Act of Ontario is also an incredibly important piece of legislation. The reason for this is quite obvious. If you took a look at recent statistics, you’d see that over 90% of the accidents would never reach the court room. They are settled in advance by negotiating an out-of-the-court agreement or they are simply a matter of insurance. The Insurance Act of Ontario would set forth clear and concise rules of fault determination which are also foreseeing the application of the so called “no fault” rule. This particular stipulation means that the insurance company is going to cover the damages, regardless of who’s at fault.
Even if you are the one who caused the accident in the first place, your insurance company is going to cover the damages that you’ve caused to the opposite party. This is a stringent approach which sets forth a broad spectrum of compensatory obligation on behalf of the insurance company but it’s a social convention which is overly well appreciated by society and it serves it pretty well so far.
Of course, this doesn’t mean that fault won’t be distributed. The insurance company is going to conduct this precise process on its own in order to assign the fault to the liable party. While it won’t affect the compensation matter, it’s going to have an effect on the calculations for the premiums that you have to pay in order to keep your insurance policy valid throughout the time being. You might want to talk with your lawyer and ensure that everything is in place. They understand all aspects of the case and with car accidents on the rise, legal protection is needed.