Another large increase: Statutory deductibles and thresholds 2024 – A legislated barrier to full recovery
Did you know that if you have been hurt in a motor vehicle collision seriously enough to receive an award for pain and suffering, it may be reduced by $46,053.20? This amount is known as the statutory deductible and, worse yet, it is tied to inflation and increases each year. If you are inju…
View the post titled Another large increase: Statutory deductibles and thresholds 2024 – A legislated barrier to full recoveryWhat qualifies as an “accident” under the Statutory Accident Benefits Schedule?
Statutory Accident Benefits (SABS) provides financial support to individuals involved in accidents that are covered under a car insurance policy. It is essential to have a clear understanding of what constitutes an accident in order to determine one’s eligibility for these benefits. What exa…
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