Car Accident Lawyer Waterloo
Car Accident? Slip & Fall? Personal Injury?
Understanding Statutory Limits when involved in a Car accident in Waterloo
The statute of limitation is the time the law gives you to make a claim. The different provinces in Canada have their own rules regarding statutes of limitation. After a car accident, it is important that you understand the statute of limitation for car accident claims as well as car accident tort claims for damages against negligent drivers. Failing to file your lawsuit in time will result in losing your right to compensation.
You should hire a personal injury lawyer experienced handling claims in Waterloo because an experienced lawyer the will have knowledge and understanding of the full parameters of the law and advance a proven legal strategy that will increase your chances of succeeding with your legal claim. At Grillo Law, we have the proven track record, having served the community at large for over 30 years, in which period we have successfully prosecuted over 15,000 claims.
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Statute of Limitation for Car Accident Injury Torts
If you are injured in a car accident, the law allows you to seek compensation for damages. The damages not only cover hospitalization costs but also lost wages, past and future losses and claims and pain and suffering. As per the Limitations Act of Ontario, 2002, s.4, the limitation to advance a tort claim against a negligent driver and their insurer is 2 years from the date of loss (date of accident). The Insurance Act however requires that you provide notice to the defendant that you intend to sue within 120 days following the accident.
Failing to place the insurers on notice within a timely manner may adversely impact your claim and reduce your entitlement to interest for your damages.
The law on damages in Ontario places a number of legal barriers to recovery that can be overcome by an experienced injury lawyer. There are trilogy of cases and evolving case law which place certain caps on heads of non-pecuniary damages for pain and suffering as well as reductions for lost income.
Ontario has accident benefit/no-fault system of insurance that requires your own auto insurer to compensate you for certain losses designated under the Insurance Act and Statutory Accident Benefits Schedule. All other losses can be recovered through the at-fault motorist’s insurer, subject to their policy limits.
At Grillo Law we are actively engaged with ever evolving injury law and legal framework surrounding insurance disputes and know what it takes to win your case.
Car Accident Policy Limits
The standard policy limit is $1,000,000. Note you can pay extra premium to increase your policy limits from the standard $1,000,000 up to $2,000,000+, add an optional family protection insurance coverage and to increase your coverage under your own policy for payable accident benefits.
Commercial vehicles that are operated by transit companies like the TTC, railway like CN Rail, or commercial vehicle/trucking companies often are required to carry greater limits for commercial liability coverage, with some limits exceeding $5,000,000 and up to $10,000,000. It goes without saying that insurance companies are under no obligation to pay their limits.
It is in your best interest to call your insurance company the moment you are involved in a car accident in Ontario.
Our seasoned car accident lawyers who are experienced handling claims in Waterloo will assist you in the entire claim process, giving you unparalleled convenience, and giving you the legal representation you deserve to win your case.
If you would like to confirm the merits of your case, review your rights under the Insurance Act and Statute of Limitations and discuss your legal options with respect to your injury claim, contact us today at (416) 614-6000 for a free consultative session. We do not charge a fee unless your case is won or settled.