What is the maximum payout for Income Replacement Benefits within the first 104 weeks?

The maximum payout for Income Replacement Benefits within the first 104 weeks is set at 70% of the claimant's gross weekly income. This benefit is intended to provide financial support to individuals who are unable to work due to injuries sustained in an automobile accident. It recognizes the financial burden that can arise from being unable to earn a full salary while recovering.

Choosing this option reflects an understanding of the statutory benefits in Ontario, which is designed to provide a reasonable level of income replacement to ensure that those affected by an accident can meet their basic financial needs while they are unable to work. The percentage is calculated based on the average income prior to the accident, thereby allowing for a more personalized benefit amount that corresponds closely to an individual's typical earnings.