2023 Deductible Amounts in MVA Claims

January 03, 2023

The Financial Services Regulatory Authority of Ontario has released the updated deductible amounts in motor vehicle accident claims.

In 2023, the deductible for damages for non-pecuniary loss is $44,367.24 where such damages do not exceed $147,889.59.

The deductible for damages under section 61(2)(e) of the Family Law Act (loss of guidance, care and companionship) is $22,183.63 where such damages do not exceed $73,944.18.