On The Statutory Deductible

In this video, Jeffrey Preszler discusses a critical aspect of car accident claims in Ontario: the statutory deductible. He reveals that insurance companies can legally deduct nearly $50,000 from your awarded compensation for pain and suffering, which can significantly reduce the amount you actually receive. This deductible increases annually, meaning that even a substantial award may leave you with much less than expected. Preszler emphasizes the importance of having the right strategy to potentially overcome this challenge and encourages viewers to seek assistance. For support navigating the complexities of personal injury claims, contact Preszler Injury Lawyers at 1-800-JUSTICE.

The insurance company can legally take almost $50,000 off your award. Hi, I'm Jeffrey Preszler. Let me share a shocking truth about car accident claims in Ontario. If you're awarded money for pain and suffering, the insurance company may legally take nearly $50,000 of it away from you. It's called the statutory deductible, and it increases every year. That means you could win $80,000 and only see about $30,000.

With the right strategy, we can sometimes beat the deductible, but most people don't even know it exists until it's too late. The system is stacked against victims. But you don't have to go through it alone. Call us today at 1-800-JUSTICE.