4 ms·

The number may have been chosen for legal reasons. Here in Ontario, we have no fault insurance, but if you're in an accident with another car from out-of-provi

The number may have been chosen for legal reasons. Here in Ontario, we have no fault insurance, but if you're in an accident with another car from out-of-province, and you caused the accident, you/your insurance will be sued for $10M. It'll always be $10M, because that's the maximum that can be awarded; if you did $3000 in damage and they ask for $3000, then $3000 is the most they can get, but if they ask for $3000 in damages and $9,997,000 in punitive damages... they'll probably still get $3000, but they might more, so why not?

throw0101a 6y ago
> Here in Ontario, we have no fault insurance […] I really wish it was named something else, because it causes all sorts of confusion: > A common misconception about no-fault insurance is that insurance companies won't determine who is at fault after an accident. However, this isn't the case. According to the Ontario Insurance Act, in every accident with multiple drivers, insurance companies must always assign a percentage of fault to each driver involved. Other provinces have similar laws. > No-fault insurance simply means your insurance company will handle your claim and pay your damages regardless of who is determined to be at fault for causing the collision. The other person’s insurance company will do the same. * https://www.insurancehotline.com/resources/no-fault-insurance-what-it-really-means-to-you/ https://www.insurancehotline.com/resources/no-fault-insuranc... There are legislated rules on determining fault in the most common cases: * https://en.wikipedia.org/wiki/Ontario_Fault_Determination_Rules https://en.wikipedia.org/wiki/Ontario_Fault_Determination_Ru...