Motor Vehicle Accident Claims Fund – The Motor Vehicle Accident Claims Fund (MVACF) is the payer of last resort in Ontario and is only available if no claims have been made against other car insurance providers. It was established by the Government of Ontario and is regulated by the Financial Services Commission of Ontario (FSCO). MVACF:
The MVACF applies only to incidents that occur in Ontario and is only accessible to residents of the province.
Motor Vehicle Accident Claims Fund
Many claims against MVACF are the result of hit-and-run accidents where an uninsured pedestrian or bicyclist is involved in a motor vehicle accident. There are also cases involving uninsured pedestrians and motorists and/or stolen vehicles.
Downloadable Car Accident Information Form
If you have been injured in a motor vehicle accident, there are provisions for insurers to apply for reinstatement of no-fault benefits on the Statutory Accident Benefit Schedule (SABS). First, if you participate in auto insurance, you can contact your provider. If you don’t have insurance but were in a car that was involved in an accident, you can claim benefits from the car’s insurer. If none of these options are available (if you are a pedestrian and do not have an auto insurance policy), then you can apply to the insurer of the vehicle involved in the accident.
If a motor vehicle accident involves at least one vehicle, the accident victim must have an insurer who can claim compensation. However, if not all of the vehicles involved are insured, you should look into other sources.
Determining whether MVACF is your last resort for accessing SABS is usually straightforward. However, if you want to make a tort claim against an uninsured or uninsured at-fault driver and need to seek damages under the MVACF, the process is more difficult.
Before bringing a tort claim against MVACF, the victim must make every effort to identify the at-fault driver. If the driver is identified, make sure they have no insurance and no other insurance policies to cover the claim. For example, if an insurance policy includes coverage for an accident victim’s family (living in the same household), the insurance company will be responsible for responding to a negligent claim against an uninsured or underinsured driver. MVACF is responsible.
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An accident victim must initiate an action and obtain a judgment before MVACF will consider compensation.
This blog post was written by Edward (Ted) Master, a member of the Disability Insurance Claims and Personal Injury team. He can be reached at 613-566-2064 or @ted.masters.
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My practice focuses on helping people who have been injured in car accidents or who have been medically neglected or who have been denied disability insurance benefits. With over 40 years of experience as a personal injury attorney, I understand how a denial of serious injury or disability benefits affects not only my individual client, but their entire family. I focus on each client’s individual physical, emotional and financial needs and challenges. I strive to achieve client-centered results. As a trained mediator, I understand that a client’s personal goals must be met in order to resolve their case satisfactorily, through a reasonable settlement, but if necessary, a court ruling. Although helping individuals has been the focus of my legal career, my clients benefit from my extensive litigation experience, including disability claims, intellectual property litigation, commercial disputes, Indian… You lose your case and you don’t have to get it back. Contingency claims are commonly & erroneously called “debts” and lawsuits “debts.” For simplicity reasons, we use the word “debt” on this page.
Legal financing and car accident loans are in high demand among people waiting for settlement, and it’s easy to see why. According to the Insurance Information Research Institute (III), approximately 35,000 people die in car accidents in the United States each year. Despite decades of safety reform, car crashes remain the leading cause of death and injury in the United States.
If you’ve been in a car accident, it can take months or years to get a settlement. Few people can keep their awards, and the financial stress you face can affect your ability to recover compensation from the at-fault party. We can help you get the legal financing and auto accident loan you need fast to fight for the full value of your settlement.
Car accident loans are a type of legal funding available to victims of car accidents. The name is a bit misleading because car accident loans aren’t actually loans. Instead, it’s the money you receive now based on the potential value of your settlement.
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Car crashes can be expensive and leave victims with bills to pay now. The settlement is supposed to provide that money, but it could take weeks, months or even years for victims to receive it, during which time they may be pressured to accept lower wages.
Car accident loans give you the money to pay off a portion of those bills now, giving you the ability to fight for a full settlement.
After an accident, you’ll need cash to pay for accident-related expenses and make up for lost income. Your settlement will cover these costs, but it may take months or years for you to receive the payment. Instead of waiting, you can now accept legitimate funds and avoid the stress of waiting for payments.
Unlike traditional bank loans, car accident legal financing includes interest-free flat fees and a quick, simple approval process. Even better, you don’t have to pay back any of the money you received if you lose the lawsuit and don’t receive compensation.
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This is because the IRS classifies legal fees as a type of non-recourse debt. Your settlement, not your personal assets, serves as collateral for the investment. Instead of treating it like a loan, the IRS treats legitimate funds as investments, where the company providing the funds bears all the risk.
You can use the cash you get from legal funding in any way you want. We have no restrictions on how you choose to spend your money. Typically, car accident victims use their legal funds to cover the following critical costs:
According to the Association for Safe International Road Travel (ASIRT), approximately 4.4 million people killed in car accidents in the United States were seriously injured and required medical attention. Repairing a broken bone or minor surgery can cost thousands of dollars more. Few people find that kind of money after an accident.
Delaying your settlement can cause your medical debt to continue to grow. To avoid financial problems with your doctor or hospital, you can manage these debts early with legal financing. There is no need to choose the right treatment with payment or cash received.
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A car accident almost always causes significant damage to your vehicle, requiring repair or replacement. Waiting months or even years to get your car fixed can seriously affect your quality of life.
With legal financing and car accident loans, there’s no need to wait to get a replacement car or get the repairs you need. Instead, you can get them right away and easily pay the mechanic or dealership.
Critical financial obligations such as rent or mortgage payments, utility bills, and utilities cannot be postponed. A car accident can leave you with serious injuries and a long recovery period, during which you will not be able to earn money.
Your settlement is important to rebuilding your life after an accident, but you have to win first—and it doesn’t come cheap. Pre-settlement legal funding provides you with comfort and financial security while you await your settlement.
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If you are suing for a car accident that was someone else’s fault,