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Common Auto Insurance Endorsements, and What They Mean

Auto insurance is designed to protect you and your vehicle when you need it most — but all policies have limits and exclusions, and you may want to add extra coverage to make sure you’ll always be protected.

The province of Ontario mandates that you carry the minimum coverage, which includes third party liability coverage, statutory accident benefits coverage, direct compensation coverage, and uninsured automobile coverage. However, there are situations where you will want or will be required to have additional coverage, often in the form of endorsements. In the insurance world, an “endorsement” is a change to the coverage outlined in your insurance policy.

OPCF stands for Ontario Policy Change Form

Here are some common endorsements you could consider purchasing for your vehicle. Specific coverages vary by location and by insurer, so be sure to talk to your licensed broker to find out what’s available to you.

(OPCF20) Loss of Vehicle Use

This endorsement covers the cost of a rental vehicle while your vehicle is being replaced or repaired, if the damage or loss is caused by a peril for which you are insured.

(OPCF27) Liability for Damage to Non-Owned Automobile(s)

This endorsement provides physical damage coverage to vehicles that you may operate but do not personally own – such as a vehicle that you have rented or borrowed while on vacation– subject to a deductible.

(OPCF43) Removing Depreciation Deduction

This coverage removes the insurer’s right to deduct depreciation from the value of your vehicle when settling a claim for loss or damage caused by a peril for which you are insured.

(OPCF5) Rented or Leased Vehicles

This endorsement extends coverage to a vehicle that you drive, but that is owned by a leasing company. The endorsement automatically gets put on your policy when your leasing a vehicle.

(OPCF44R) Family Protection Coverage

This coverage protects you, or an eligible member of your family, to the same limits as your Third-Party Liability coverage if you are involved in an automobile accident where you are not at fault, with someone who carries less insurance, no insurance, or is an unidentified driver (e.g., hit and run).

Conviction Protector

Why pay more for your insurance if you get a minor driving conviction, like a speeding ticket? The Conviction Protector helps protect your eligibility for the conviction free discount (10-15%) in the event of a minor infraction.

Accident Forgiveness

This endorsement protects your driving rating (i.e. star rating) in the event of an at-fault accident. Don’t let one mistake affect your good driving record. Purchase the Driving Record Protector and your rates may not increase due to a car insurance claim.

Please keep in mind that these are only some of the many policy endorsements available for purchase. If you want a complete list of your options or require further explanation please contact us.